Hudbay Minerals Inc.

NYSE:HBM Stock Report

Market Cap: US$11.6b

Hudbay Minerals Management

Management criteria checks 4/4

Hudbay Minerals' CEO is Peter Gerald Kukielski, appointed in Jul 2019, has a tenure of 6.92 years. total yearly compensation is $4.18M, comprised of 18.3% salary and 81.7% bonuses, including company stock and options. directly owns 0.031% of the company’s shares, worth $3.63M. The average tenure of the management team and the board of directors is 3.7 years and 4.1 years respectively.

Key information

Peter Gerald Kukielski

Chief executive officer

US$4.2m

Total compensation

CEO salary percentage18.27%
CEO tenure6.9yrs
CEO ownership0.03%
Management average tenure3.7yrs
Board average tenure4.1yrs

Recent management updates

Recent updates

Seeking Alpha • May 11

Hudbay Minerals: Arizona Sonoran Strengthens The Copper Growth Story

Summary Hudbay Minerals delivered record Q1 EBITDA, reaffirmed strong 2026 guidance, and maintains a near-cash balance sheet amid elevated copper and gold prices. The Arizona Sonoran acquisition, though dilutive, secures a large-scale copper project in Arizona, enhancing HBM’s long-term growth profile and strategic positioning. HBM trades at a discount to peers despite lowest-cost operations, tier-one jurisdiction exposure, and a rapidly expanding North American copper pipeline. I maintain a Buy rating on HBM, citing undervaluation, robust balance sheet, and significant production growth potential as copper prices remain elevated. 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

CEO Compensation Analysis

How has Peter Gerald Kukielski's remuneration changed compared to Hudbay Minerals's earnings?
DateTotal CompensationSalaryCompany Earnings
Mar 31 2026n/an/a

US$659m

Dec 31 2025US$4mUS$763k

US$569m

Sep 30 2025n/an/a

US$462m

Jun 30 2025n/an/a

US$289m

Mar 31 2025n/an/a

US$155m

Dec 31 2024US$4mUS$707k

US$77m

Sep 30 2024n/an/a

US$86m

Jun 30 2024n/an/a

US$82m

Mar 31 2024n/an/a

US$83m

Dec 31 2023US$4mUS$738k

US$66m

Sep 30 2023n/an/a

US$18m

Jun 30 2023n/an/a

-US$35m

Mar 31 2023n/an/a

US$12m

Dec 31 2022US$3mUS$694k

US$70m

Sep 30 2022n/an/a

US$77m

Jun 30 2022n/an/a

-US$85m

Mar 31 2022n/an/a

-US$120m

Dec 31 2021US$4mUS$722k

-US$244m

Sep 30 2021n/an/a

-US$226m

Jun 30 2021n/an/a

-US$80m

Mar 31 2021n/an/a

-US$129m

Dec 31 2020US$4mUS$705k

-US$145m

Sep 30 2020n/an/a

-US$153m

Jun 30 2020n/an/a

-US$404m

Mar 31 2020n/an/a

-US$407m

Dec 31 2019US$1mUS$342k

-US$344m

Compensation vs Market: Peter Gerald's total compensation ($USD4.18M) is below average for companies of similar size in the US market ($USD14.74M).

Compensation vs Earnings: Peter Gerald's compensation has been consistent with company performance over the past year.

CEO

Peter Gerald Kukielski (70 yo)

6.9yrs
Tenure
US$4,178,231
Compensation

Mr. Peter Gerald Jan Kukielski, MSc, BSc serves as President and Chief Executive Officer of Hudbay Minerals Inc. since January 22, 2020. He had been Interim President of Hudbay Minerals Inc. since July 201...

Leadership Team

NamePositionTenureCompensationOwnership
Peter Gerald Kukielski
President6.9yrsUS$4.18m0.031%
$ 3.6m
Chi-Yen Lei
Chief Financial Officer3.7yrsUS$1.80m0.049%
$ 5.7m
Andre Lauzon
Chief Operating Officer4.4yrsUS$1.93m0.015%
$ 1.8m
Patrick Donnelly
Senior Vice President of Legal & Organizational Effectiveness11.9yrsUS$1.40m0.028%
$ 3.3m
Javier Del Rio
Senior Vice President of US Business Unit3.3yrsUS$1.46mno data
Mark Gupta
Senior Vice President of Corporate Development & Strategy3.7yrsno data0.0024%
$ 280.0k
Candace Brule
Senior Vice President of Capital Markets & Corporate Affairsless than a yearno data0.013%
$ 1.5m
Olivier Tavchandjian
Senior Vice President of Exploration & Technical Servicesno datano datano data
Robert Carter
Senior Vice President of Canada1yrno data0.0070%
$ 809.9k
Jon Douglas
VP & Treasurer11.4yrsno datano data
Mark Haber
Vice President of Legal & Corporate Secretaryno datano datano data
John O'Shaughnessy
Vice President of Manitoba Business Unit1.3yrsno datano data
3.7yrs
Average Tenure
64yo
Average Age

Experienced Management: HBM's management team is considered experienced (3.7 years average tenure).

Board Members

NamePositionTenureCompensationOwnership
Peter Gerald Kukielski
President7.1yrsUS$4.18m0.031%
$ 3.6m
David Smith
Independent Chairman7.1yrsUS$263.71k0.0064%
$ 742.8k
Carin Knickel
Independent Director11.1yrsUS$168.56k0.0067%
$ 781.0k
Colin Osborne
Independent Director8.1yrsUS$171.24k0.0063%
$ 727.8k
Jeane Hull
Independent Director3yrsUS$172.33kno data
Paula Rogers
Independent Director3yrsUS$175.89k0.0038%
$ 444.3k
George Lafond
Independent Director4.1yrsUS$161.36kno data
John Armstrong
Independent Director1.1yrsUS$94.19kno data
Laura Tyler
Independent Directorless than a yearUS$51.11kno data
4.1yrs
Average Tenure
67yo
Average Age

Experienced Board: HBM's board of directors are considered experienced (4.1 years average tenure).

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/06/01 06:24
End of Day Share Price 2026/06/01 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

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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 37 analysts. 17 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