Latest news with #HudbayMineralsInc
Yomiuri Shimbun
8 hours ago
- Business
- Yomiuri Shimbun
Mitsubishi Corp. to Acquire 30％ Stake in Arizona Copper Mine Development Project, Expanding Global Interest in Copper
Major trading house Mitsubishi Corp. on Thursday announced it will invest about $600 million (about ¥88 billion) to acquire a 30% stake in a copper mine development project in the western U.S. state of Arizona. Mitsubishi hopes that the mine will be operational in around 2029. It will be the first time in 45 years for the company to take part in developing a copper mine in the United States. Mitsubishi hopes the project will help the company provide a stable supply of copper, which is in high demand. The project is being advanced by major Canadian resource company Hudbay Minerals Inc. The two companies aim to finalize their research on commercializing the project and make a formal decision on whether to go ahead with it by 2026. The mine is expected to produce up to 100,000 tons of copper annually, with Mitsubishi securing 30% of the output. The trading house has yet to decide on purchasers for its portion of the copper. Mitsubishi has also said that it is considering constructing smelting facilities. The administration of U.S. President Donald Trump has imposed a 50% tariff on products such as semi-finished copper since August. Raw copper materials are exempt from the tariff, but experts point out that moves to rebuild systems to produce and process copper in the United States may intensify. Demand for copper is expected to grow, as the metal has a wide range of applications such as in electric vehicles and electric power grids for renewable energy. However, there are concerns that global supply may decline, as an increasing number of mines have run out of high-grade copper reserves and the costs of developing new mines have risen. Mitsubishi has a stake in the copper industry in South America and had previously invested in another copper mine in the United States, though it withdrew in 2003 due to changes in market conditions and other reasons. The United States is one of the world's top copper-producing countries, ranking fifth in production and seventh in reserves. The trading house hopes that acquiring a stake in the new project will contribute to securing more copper and ensuring a stable supply of the metal.
Toronto Star
2 days ago
- Business
- Toronto Star
Hudbay Minerals sells stake in Arizona copper mine to Mitsubishi
Shares in Hudbay Minerals Inc. surged after it announced a deal with Mitsubishi Corp. to sell a 30 per cent stake in an Arizona copper project the Toronto-based miner says will support U.S. national security goals. Hudbay's stock was trading at C$15.61 midday Wednesday, a jump of more than 15 per cent.
Toronto Star
2 days ago
- Business
- Toronto Star
Hudbay Minerals sells Copper World stake, reports Q2 results, shares up
TORONTO - Shares of Hudbay Minerals Inc. soared higher after it announced a deal to sell a 30 per cent stake in its Copper World project in Arizona to Mitsubishi and reported its second-quarter results. The company says Mitsubishi has committed to investing US$600 million, including US$420 million for a 30 per cent equity interest in the project at closing and US$180 million within 18 months of closing.
Winnipeg Free Press
2 days ago
- Business
- Winnipeg Free Press
Hudbay Minerals sells Copper World stake, reports Q2 results, shares up
TORONTO – Shares of Hudbay Minerals Inc. soared higher after it announced a deal to sell a 30 per cent stake in its Copper World project in Arizona to Mitsubishi and reported its second-quarter results. The company says Mitsubishi has committed to investing US$600 million, including US$420 million for a 30 per cent equity interest in the project at closing and US$180 million within 18 months of closing. Hudbay says the deal secures a long-term strategic partner in Mitsubishi, one of the largest Japanese trading houses. Hudbay also reported US$117.7 million in a second-quarter net earnings attributable to owners or 30 cents US per diluted share for the quarter ended June 30 compared with a loss of US$16.5 million or four cents US per diluted share a year earlier. On an adjusted basis, Hudbay says it earned 19 cents US per share in its latest quarter compared with an adjusted result of zero cents US per share a year ago. Revenue totalled US$536.4 million in its latest quarter, up from US$425.5 million in the same quarter last year. Hudbay shares were up C$2.36 at C$15.93 in trading on the Toronto Stock Exchange on Wednesday morning. This report by The Canadian Press was first published Aug. 13, 2025. Companies in this story: (TSX:HBM)
Yahoo
03-07-2025
- Business
- Yahoo
4 Top Stocks With Strong Interest Coverage for the Second Half of 2025
Markets ended higher on Wednesday as investors weighed the latest developments in trade and the economy. Both the S&P 500 and Nasdaq Composite indices closed higher, advancing 0.47% and 0.94%, respectively, while the Dow Jones Industrial Average dropped 10.52 points. The market sentiment was buoyed by news of a trade accord between the United States and Vietnam, which alleviated concerns surrounding prolonged trade overall optimism, a recent economic report showed an unexpected drop in private payrolls for June. According to the ADP report, the private sector lost 33,000 jobs last month, indicating potential challenges for the U.S. economy. This surprising decline in job numbers has heightened scrutiny from investors, especially given the Federal Reserve's cautious approach to interest rates. In such a macroeconomic environment, it becomes increasingly important to focus on companies with strong financial fundamentals. We often judge a company based on its sales and earnings. However, these metrics may not be sufficient on their own. A stock might get a boost if these figures rise year over year or surpass estimates in a particular quarter, offering a lucrative opportunity for short-term investors to cash in. Relying solely on sales and earnings numbers may not yield the desired long-term returns. For those seeking sustainable investment growth, a deeper dive into the company's financial health and stability is essential.A critical analysis of a company's financial background is a prerequisite for an informed investment decision. Coverage ratios, which assess whether a company is robust enough to meet its financial obligations, play a crucial role in this analysis. A higher ratio generally indicates a stronger financial position. This article focuses on the Interest Coverage Ratio, a key indicator used to evaluate a company's ability to pay interest on its debt, ensuring that the company is not over-leveraged and can comfortably meet its interest obligations from its operating Coverage Ratio = Earnings before Interest & Taxes (EBIT) divided by Interest Expense. Hudbay Minerals Inc. HBM, Sterling Infrastructure, Inc. STRL, Molina Healthcare, Inc. MOH and Vertiv Holdings Co VRT have impressive interest coverage ratios. The interest coverage ratio is used to determine how effectively a company can pay the interest charges on its debt. Debt, which is crucial for most companies to finance operations, comes at a cost called interest. Interest expense has a direct bearing on a company's profitability, and its creditworthiness depends on how effectively it meets interest obligations. Therefore, the interest coverage ratio is one of the important criteria to factor in before making any investment decision. The interest coverage ratio suggests the number of times the interest could be paid from earnings and gauges the margin of safety a firm carries for paying interest coverage ratio lower than 1.0 implies that the company is unable to fulfill its interest obligations and could default on repaying debt. A company that is capable of generating earnings well above its interest expense can withstand financial hardships. One should also track the company's past performance to determine whether the interest coverage ratio has improved or worsened over time. Apart from having an Interest Coverage Ratio that is more than the industry average, adding a favorable Zacks Rank and a VGM Score of A or B to your search criteria should lead to better Coverage Ratio greater than X-Industry MedianPrice greater than or equal to 5: The stocks must all be trading at a minimum of $5 or higher.5-Year Historical EPS Growth (%) greater than X-Industry Median: Stocks that have a strong EPS growth EPS Growth (%) greater than X-Industry Median: This is the projected EPS growth over the next three to five years. This shows that the stock has near-term earnings growth potential. Average 20-Day Volume greater than 100,000: A substantial trading volume ensures that the stock is easily Rank less than or equal to 2: Zacks Rank #1 (Strong Buy) or 2 (Buy) stocks are known to outperform irrespective of the market Score of less than or equal to B: Our research shows that stocks with a VGM Score of A or B, when combined with a Zacks Rank #1 or 2, offer the best upside are four of the 14 stocks that qualified the Minerals, a copper-focused critical minerals company, sports a Zacks Rank #1. The company has a trailing four-quarter earnings surprise of 50%, on average. You can see the complete list of today's Zacks #1 Rank stocks Zacks Consensus Estimate for Hudbay Minerals' current financial-year sales and earnings per share (EPS) suggests growth of 9.2% and 41.7%, respectively, from the year-ago period. HBM has a VGM Score of A. Shares of HBM have risen 14.7% in the past Infrastructure, which is engaged in e-infrastructure, transportation and building solutions, carries a Zacks Rank #2 and has a VGM Score of B. Sterling Infrastructure delivered a trailing four-quarter earnings surprise of 11.5%, on average. The Zacks Consensus Estimate for Sterling Infrastructure's current financial-year EPS indicates growth of 41.2% from a year ago. The stock has rallied 96.3% in the past year. (See the Zacks Earnings Calendar to stay ahead of market-making news.)Molina Healthcare, which provides managed healthcare services under Medicaid and Medicare programs and through state insurance marketplaces, carries a Zacks Rank #2 and has a VGM Score of A. The Zacks Consensus Estimate for Molina Healthcare's current financial-year sales and EPS calls for growth of 8.4% and 7.9%, respectively, from the year-ago period. The stock has declined 19.3% in the past year. Vertiv Holdings, a global provider of critical digital infrastructure and continuity solutions, carries a Zacks Rank #2. The company has a trailing four-quarter earnings surprise of 10.4%, on Zacks Consensus Estimate for Vertiv Holdings' current financial year sales and EPS implies growth of 18.8% and 24.9%, respectively, from the year-ago period. Vertiv Holdings has a VGM Score of B. Shares of Vertiv Holdings have advanced 33.1% in the past can get the rest of the stocks on this list by signing up now for your 2-week free trial to the Research Wizard and start using this screen in your own trading. Further, you can also create your own strategies and backtest them first before taking the investment Research Wizard is a great place to begin. It's easy to use. Everything is in plain language. And it's very intuitive. Start your Research Wizard trial today. And the next time you read an economic report, open up the Research Wizard, plug your finds in, and see what gems come here to sign up for a free trial to the Research Wizard Officers, directors and/or employees of Zacks Investment Research may own or have sold short securities and/or hold long and/or short positions in options that are mentioned in this material. An affiliated investment advisory firm may own or have sold short securities and/or hold long and/or short positions in options that are mentioned in this Performance information for Zacks' portfolios and strategies are available at: Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Molina Healthcare, Inc (MOH) : Free Stock Analysis Report HudBay Minerals Inc (HBM) : Free Stock Analysis Report Sterling Infrastructure, Inc. (STRL) : Free Stock Analysis Report Vertiv Holdings Co. (VRT) : Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
