We recently published 10 Stocks Breaking Records While Wall Street Bleeds. Hudbay Minerals Inc. (NYSE:HBM) was one of the top performers on Tuesday.
Hudbay Minerals soared to a new all-time high on Tuesday, mimicking the rally to fresh peaks in spot prices of silver and gold after investors set their sights on safer assets amid ongoing geopolitical tensions.
At intra-day trading, Hudbay Minerals Inc. (NYSE:HBM) jumped to its highest price of $24.74 before paring a few cents to end the day just up by 9.73 percent at $24.69 apiece.
Photo from Hudbay Minerals website
The stock mirrored the industry’s overall rally as investor funds fled to precious assets like silver and gold, climbing to $95 and $4,700, respectively, after President Donald Trump over the weekend threatened to impose fresh tariffs on eight countries opposing its plan to take over Greenland.
Benchmark copper prices, which as of writing were up by 1.27 percent to $12,965.50 per metric ton, also contributed to the jump.
In other news, Hudbay Minerals Inc. (NYSE:HBM) is scheduled to announce the results of its earnings for the full-year and fourth quarter of 2025 on February 20, 2026. A conference call will be held to elaborate on the results.
The company had already issued preliminary production results for the full year and fourth quarter of 2025, where it achieved the production of 118,188 tons of copper, 267,934 ounces of gold, as well as 17,646 tons of zinc, 3.47 million ounces of silver, and 1,282 tons of molybdenum.
For the fourth quarter alone, Hudbay Minerals Inc. (NYSE:HBM) produced 33,069 tons of copper, 84,298 ounces of gold, 1 million ounces of silver, 5,703 tons of zinc, and 325 tons of molybdenum.
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Disclosure: None. This article is originally published at Insider Monkey.
Source: finance.yahoo.com
