5 Best Zinc Stocks to Buy in 2023

4. Hudbay Minerals Inc. (NYSE:HBM)

Number of Hedge Fund Holders: 29

Value of Hedge Fund Holdings: $270,417,340

Hudbay Minerals Inc. (NYSE:HBM) is a Toronto, Canada-based natural resource mining company that is mainly involved in producing concentrates of copper and zinc.

Hudbay Minerals Inc. (NYSE:HBM) is considered a major player in the global zinc market and is the owner and operator of the 777 zinc-copper-gold-silver mine in Canada. The company has stated that it intends to produce 28,000 tonnes to 36,000 tonnes of zinc from its operations in Manitoba, Canada, in 2023. Zinc production plays an active role in the top line and bottom line of the company. Hudbay Minerals Inc. (NYSE:HBM) has recently discovered a new deposit in Manitoba, which is expected to increase the mine’s operational life to 2038. Click here to read the company’s Q2 2023 earnings call transcript.