Hudbay Minerals Moves to Fully Acquire Arizona Sonoran Copper in US$1.48 Billion Share Deal
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Hudbay Minerals ( (TSE:HBM) ) has shared an update.
On March 1, 2026, Hudbay Minerals entered into a definitive arrangement agreement to acquire all remaining shares of Arizona Sonoran Copper Company it does not already own via a court-approved plan of arrangement under British Columbia corporate law. ASCU shareholders are to receive 0.242 Hudbay share per ASCU share, implying about C$9.35 per ASCU share and valuing ASCU’s equity at roughly US$1.48 billion based on Hudbay’s February 27, 2026 TSX closing price.
Following completion of the transaction, expected in the second quarter of 2026 subject to court, regulatory and ASCU securityholder approvals, ASCU will become a wholly owned subsidiary, its shares will be delisted from the TSX and it will seek to cease being a reporting issuer in Canada. Existing Hudbay shareholders are expected to own about 89% of the combined company and former ASCU holders 11%, consolidating Hudbay’s position in North American copper while simplifying ASCU’s capital structure and ending its public listing.
The most recent analyst rating on (TSE:HBM) stock is a Buy with a C$33.00 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 Canadian mining company focused on the exploration, development and production of base and precious metals, with its common shares listed on both the Toronto Stock Exchange and the New York Stock Exchange. The company operates and grows through mine development and acquisitions, with a particular emphasis on copper assets in the Americas.
YTD Price Performance: 11.12%
Average Trading Volume: 1,972,997
Technical Sentiment Signal: Strong Buy
Current Market Cap: C$12.02B
For an in-depth examination of HBM stock, go to TipRanks’ Overview page.
