Hudbay Minerals Moves to Fully Acquire Arizona Sonoran Copper in US$1.48 Billion Deal
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The latest update is out from Hudbay Minerals ( (TSE:HBM) ).
On March 1, 2026, Hudbay Minerals entered into an arrangement agreement to acquire all remaining shares of Arizona Sonoran Copper Company it does not already own, offering 0.242 of a Hudbay common share for each Arizona Sonoran share, implying an equity value of about C$9.35 per share and US$1.48 billion. Hudbay, which currently holds 9.99% of Arizona Sonoran, plans to take the target private, delist its shares from the TSX and OTCQX, and make it a wholly owned subsidiary, tightening control over a strategic copper asset and potentially reshaping its growth profile in the copper sector.
The most recent analyst rating on (TSE:HBM) stock is a Buy with a C$41.00 price target. To see the full list of analyst forecasts on Hudbay Minerals stock, see the TSE:HBM Stock Forecast page.
Spark’s Take on TSE:HBM Stock
According to Spark, TipRanks’ AI Analyst, TSE:HBM is a Outperform.
Overall score reflects improved fundamentals and balance-sheet strengthening, tempered by weaker/volatile free cash flow conversion. Technicals are supportive with a solid uptrend and neutral momentum, while valuation is middling (P/E ~21) partly offset by a high dividend yield. Earnings call adds support due to strong guidance, liquidity and the Copper World JV, though operational and permitting risks remain.
To see Spark’s full report on TSE:HBM stock, click here.
More about Hudbay Minerals
Hudbay Minerals Inc. is a Canada-based mining company focused on the exploration, development and production of base and precious metals, particularly copper. Listed in both Canada and the United States, the company pursues growth through project development and strategic acquisitions in the Americas, aiming to expand its copper portfolio and operational scale.
Average Trading Volume: 1,949,427
Technical Sentiment Signal: Buy
Current Market Cap: C$13.53B
For an in-depth examination of HBM stock, go to TipRanks’ Overview page.
