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Capstone Copper Corp. (CS)
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Hudbay Minerals Inc. (Canada) (HBM)
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Ivanhoe Capital Acquisition Corp. Class A (IVAN)
Q: How does HBM compare to the others ? Do you have a favourite ? Thank you.
5i Research Answer:
Our favourite copper names are CS, TECK.B and LUN, for a combination of valuation, growth, and balance sheet and management strength. We would consider HBM decent and the stock has certainly done well. It is a big copper producer but gold is also a big part of its production. Thus it is more balanced and less of a pure copper play. Its balance sheet is also fairly leveraged which is why we prefer the others. But there is certainly upside potential to HBM in a rally.