Hudbay Minerals Inc. (HBM)
Micron: Time To Jump Back On The AI Bullet Train (Rating Upgrade)
I'm upgrading Micron back to a buy from strong sell after management raised guidance, confirming that more favorable DRAM/HBM demand and pricing is at play. Micron is a leader within the High Bandwidth Memory (HBM) market, putting it at the core of the AI infrastructure boom, with sold-out capacity for 2025 and improving margins. I watch memory pricing closely and I'm pleasantly surprised at how resilient DRAM prices are holding up. I'm expecting to see this show up as upside surprise next quarter.
Micron: Strong Buy On AI-Driven HBM Growth
Micron Technology is upgraded to "Strong Buy" with a new price target of $146.88, reflecting robust earnings momentum and upwardly revised guidance. The company is significantly undervalued versus peers, with strong EBITDA growth, improving free cash flow, and a projected net cash position next year. Micron's DRAM and HBM segments are driving growth, supported by AI and data center demand, while NAND risks are being proactively managed.
HBM Drives Micron's Growth: Can MU Sustain the Momentum?
MU rides on soaring AI-driven HBM demand, with 2025 supply sold out and next-gen products fueling growth momentum.
Micron: HBM Tailwinds Outweigh Margin Noise
I reiterate my strong buy rating on Micron. HBM is still the main pillar of my case, as I believe it is the single biggest growth engine. HBM supply sold out for 2025. HBM revenue up ~50% q/q and shipping includes the MI355X, which is ramping. HBM4 sampling now, with a ramp next year. Valuation supports my strong buy on MU stock, in my view: ~16.5x next year's EPS vs ~29.8x industry median. P/CF down sharply from 2024, suggesting undervaluation.
HBM Sells 30% Stake in Copper World to Mitsubishi for $600M
Hudbay Minerals secures $600M from Mitsubishi for a 30% stake in its Copper World project, slashing its upfront costs and boosting long-term growth plans.
Hudbay Minerals Inc. (HBM) Q2 2025 Earnings Call Transcript
Hudbay Minerals Inc. (NYSE:HBM ) Q2 2025 Earnings Conference Call August 13, 2025 11:00 AM ET Company Participants Andre Taylor Lauzon - Chief Operating Officer Candace Brule - Vice President of Investor Relations, Financial Analysis & External Communications Chi-Yen Lei - Chief Financial Officer Peter Gerald Jan Kukielski - President, CEO & Director Conference Call Participants Dalton Baretto - Canaccord Genuity Corp., Research Division Fahad Tariq - Jefferies LLC, Research Division Matthew Murphy - BMO Capital Markets Equity Research Orest Wowkodaw - Scotiabank Global Banking and Markets, Research Division Ralph M. Profiti - Stifel Nicolaus Canada Inc., Research Division Shane Nagle - National Bank Financial, Inc., Research Division Operator Good morning, ladies and gentlemen.
Here's What Key Metrics Tell Us About HudBay Minerals (HBM) Q2 Earnings
The headline numbers for HudBay Minerals (HBM) give insight into how the company performed in the quarter ended June 2025, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.
HudBay Minerals (HBM) Surpasses Q2 Earnings and Revenue Estimates
HudBay Minerals (HBM) came out with quarterly earnings of $0.19 per share, beating the Zacks Consensus Estimate of $0.11 per share. This compares to break-even earnings per share a year ago.
HudBay Minerals (HBM) Advances While Market Declines: Some Information for Investors
HudBay Minerals (HBM) closed at $9.38 in the latest trading session, marking a +2.07% move from the prior day.
Here's Why HudBay Minerals (HBM) Fell More Than Broader Market
HudBay Minerals (HBM) reached $9.17 at the closing of the latest trading day, reflecting a -7% change compared to its last close.
HudBay Minerals (HBM) Beats Stock Market Upswing: What Investors Need to Know
In the closing of the recent trading day, HudBay Minerals (HBM) stood at $9.98, denoting a +1.84% move from the preceding trading day.
Micron: Have No Fear, HBM Is Here (And Discounted)
Micron's run-up got interrupted by the Edgewater Research report, putting a big fat warning about memory growth next year. While there is merit to the report, particularly the NAND weakness highlighted, the concerns about HBM are overblown by current visibility. DRAM, particularly HBM, has more moat to support upside, more so as ASIC-related HBM kicks in, estimated to surge +80% next year.
