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Hudbay Minerals Inc.NYSE:HBM Stock Report

Market Cap US$9.5b
Share Price
US$23.85
US$30.18
21.0% undervalued intrinsic discount
1Y213.0%
7D3.2%
Portfolio Value
View

Hudbay Minerals Inc.

NYSE:HBM Stock Report

Market Cap: US$9.5b

Hudbay Minerals (HBM) Stock Overview

A diversified mining company, focuses on the exploration, development, operation, and optimization of properties in North and South America. More details

HBM fundamental analysis
Snowflake Score
Valuation4/6
Future Growth1/6
Past Performance4/6
Financial Health5/6
Dividends0/6

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Materials opportunity

Hudbay Minerals Inc. Competitors

Price History & Performance

Summary of share price highs, lows and changes for Hudbay Minerals
Historical stock prices
Current Share PriceCA$23.85
52 Week HighCA$28.74
52 Week LowCA$7.45
Beta2.15
1 Month Change9.20%
3 Month Change-3.56%
1 Year Change212.99%
3 Year Change425.33%
5 Year Change191.92%
Change since IPO835.20%

Recent News & Updates

Seeking Alpha May 01

Hudbay Minerals May Have Overpaid For Arizona Sonoran

Summary Hudbay Minerals (HBM) is downgraded from buy to hold due to dilution from the Arizona Sonoran acquisition and macroeconomic risks. HBM’s $1.5B all-stock acquisition of Arizona Sonoran results in 11% dilution, raising concerns about premium paid for US copper assets. Recent financials show strong margin expansion and deleveraging, but future performance hinges on sustained copper prices amid global economic uncertainty. Current valuation remains attractive versus sector, but rising energy costs and copper cyclicality limit near-term upside for HBM. Read the full article on Seeking Alpha

Recent updates

Seeking Alpha May 01

Hudbay Minerals May Have Overpaid For Arizona Sonoran

Summary Hudbay Minerals (HBM) is downgraded from buy to hold due to dilution from the Arizona Sonoran acquisition and macroeconomic risks. HBM’s $1.5B all-stock acquisition of Arizona Sonoran results in 11% dilution, raising concerns about premium paid for US copper assets. Recent financials show strong margin expansion and deleveraging, but future performance hinges on sustained copper prices amid global economic uncertainty. Current valuation remains attractive versus sector, but rising energy costs and copper cyclicality limit near-term upside for HBM. Read the full article on Seeking Alpha
Seeking Alpha Apr 01

Hudbay Minerals: Improved Balance Sheet, Potential For Growth

Summary Hudbay Minerals had record revenues and free cash flow in 2024, with strong performance driven by copper and ancillary gold production. The company is focused on debt reduction and site upgrades, with potential for higher dividends once debt is paid down. Risks include potential copper price declines and uncertainties around development projects in Arizona and Nevada. Despite recent stock weakness, HBM is a moderately cheap buy for those seeking exposure to a quality copper miner with growth potential. Read the full article on Seeking Alpha
Seeking Alpha Jan 13

Hudbay Minerals: More Upside Remains

Summary Generating a 56% return, Hudbay Minerals’ stock price has been outperforming most of its direct competitors year-on-year. HBM has profited from higher metals prices in 2024. It is primarily exposed to copper, gold, molybdenum, and silver, all of which have realized gains between 5% and 35% in the year. The company seems to have become financially disciplined during 2024, marked by a net Debt-to-EBITDA reduction down to 0.9x. Continuing operating excellence can further benefit the stock price. Significant upside remains for HBM in 2025, since it still seems undervalued compared to peers, and its investments are yet to play out. Read the full article on Seeking Alpha
Seeking Alpha Oct 17

Hudbay Minerals Is A Solid Copper Play

Summary Hudbay has leveraged tightness in copper concentrate markets to secure favorable treatment charges on some production. In Q2, HBM struggled with lower grades at its Peru operations, but production is still above last year’s numbers. HBM stock trades at a more favorable valuation than most of the major copper miners. Read the full article on Seeking Alpha
Seeking Alpha Jan 10

Hudbay Minerals: Quality Business But Lacking Some Incentives For A Buy

Summary Hudbay Minerals Inc. focuses on mining copper, gold, silver, and zinc, with copper and gold showing positive financial results. The company's dividend yield is currently low, and its valuation is relatively high, making it less attractive for investment. Hudbay Minerals has a diverse portfolio and owns the Constancia mine in Peru, with tailwinds from increased demand for copper and zinc in green energy ventures. Read the full article on Seeking Alpha
Seeking Alpha Jan 04

Profit From Cyclic Copper With Hudbay Minerals

Summary Analysis recommends a "Hold" rating for Hudbay Minerals stock. Hudbay Minerals' share price is primarily influenced by copper production and the volatility of copper prices. The company's profitability is expected to improve with the projected upward trend in copper prices. Read the full article on Seeking Alpha
Seeking Alpha Sep 30

Hudbay Minerals: Successive Acquisitions De-Risk Mining Portfolio; Expect Moderate Growth

Summary Uncertainties regarding permitting and project opponents' resistance have marred Copper World's growth outlook. Successive acquisitions strengthen HBM's Canadian footprint and de-risks the company's portfolio as a whole. Turbulence in copper prices weighs on the share price. With a strong balance sheet and an organic growth pipeline, HBM can deliver attractive price returns over the medium-to-long-term horizon; however, I anticipate moderate growth over the near term. HBM is a 'hold' at present. Read the full article on Seeking Alpha

Shareholder Returns

HBMUS Metals and MiningUS Market
7D3.2%7.3%3.2%
1Y213.0%95.3%31.0%

Return vs Industry: HBM exceeded the US Metals and Mining industry which returned 95.3% over the past year.

Return vs Market: HBM exceeded the US Market which returned 31% over the past year.

Price Volatility

Is HBM's price volatile compared to industry and market?
HBM volatility
HBM Average Weekly Movement9.0%
Metals and Mining Industry Average Movement10.2%
Market Average Movement7.1%
10% most volatile stocks in US Market16.1%
10% least volatile stocks in US Market3.2%

Stable Share Price: HBM has not had significant price volatility in the past 3 months compared to the US market.

Volatility Over Time: HBM's weekly volatility (9%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
1927n/aPeter Gerald Kukielskiwww.hudbayminerals.com

Hudbay Minerals Inc., a diversified mining company, focuses on the exploration, development, operation, and optimization of properties in North and South America. It primarily explores for copper concentrates containing copper, gold, zinc, molybdenum concentrates, and silver. It owns 100% interest in Copper Mountain mine located approximately 20 kilometers south of Princeton, British Columbia, in the Similkameen valley.

Hudbay Minerals Inc. Fundamentals Summary

How do Hudbay Minerals's earnings and revenue compare to its market cap?
HBM fundamental statistics
Market capUS$9.54b
Earnings (TTM)US$658.50m
Revenue (TTM)US$2.37b
14.4x
P/E Ratio
4.0x
P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
HBM income statement (TTM)
RevenueUS$2.37b
Cost of RevenueUS$1.06b
Gross ProfitUS$1.31b
Other ExpensesUS$652.90m
EarningsUS$658.50m

Last Reported Earnings

Mar 31, 2026

Next Earnings Date

n/a

Earnings per share (EPS)1.66
Gross Margin55.25%
Net Profit Margin27.74%
Debt/Equity Ratio28.1%

How did HBM perform over the long term?

See historical performance and comparison

Dividends

0.1%
Current Dividend Yield
1%
Payout Ratio

Does HBM pay a reliable dividends?

See HBM dividend history and benchmarks
When do you need to buy HBM by to receive an upcoming dividend?
Hudbay Minerals dividend dates
Ex Dividend DateJun 09 2026
Dividend Pay DateJun 26 2026
Days until Ex dividend31 days
Days until Dividend pay date48 days

Does HBM pay a reliable dividends?

See HBM dividend history and benchmarks

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/05/07 10:19
End of Day Share Price 2026/05/07 00:00
Earnings2026/03/31
Annual Earnings2025/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

Hudbay Minerals Inc. is covered by 36 analysts. 16 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Harriet LiAccountability Research Corporation
Stefan IoannouATB Cormark
Farooq HamedBarclays