Hudbay Minerals Inc.

NYSE:HBM Stock Report

Market Cap: US$9.8b

Hudbay Minerals Management

Management criteria checks 4/4

Hudbay Minerals' CEO is Peter Gerald Kukielski, appointed in Jul 2019, has a tenure of 7.17 years. total yearly compensation is $4.18M, comprised of 18.3% salary and 81.7% bonuses, including company stock and options. directly owns 0.028% of the company’s shares, worth $2.74M. The average tenure of the management team and the board of directors is 3.8 years and 4.2 years respectively.

Key information

Peter Gerald Kukielski

Chief executive officer

US$4.2m

Total compensation

CEO salary percentage18.27%
CEO tenure7yrs
CEO ownership0.03%
Management average tenure3.8yrs
Board average tenure4.2yrs

Recent management updates

Recent updates

Seeking Alpha • Jul 14

Hudbay Minerals: Buy The 30% Pullback On This Copper Growth Story

Summary Hudbay Minerals (HBM) offers compelling 70%+ copper production growth potential, with shares down nearly 30% on sector-wide risk-off sentiment rather than company-specific issues. HBM reported strong Q1 results, reaffirmed 2026 guidance, and now boasts a near-zero net debt/EBITDA ratio, positioning it well for upcoming growth investments. The Arizona Sonoran acquisition and Copper World project create a top-three North American copper district, targeting over 250,000 tonnes annual output by 2030 and 350,000+ longer term. At 15x trailing earnings and with a clean balance sheet, HBM is attractively valued for long-term investors willing to weather copper price and development risks. 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 ($USD4.18M) is below average for companies of similar size in the US market ($USD14.57M).

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

CEO

Peter Gerald Kukielski (70 yo)

7yrs
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
President7yrsUS$4.18m0.028%
$ 2.7m
Chi-Yen Lei
Chief Financial Officer3.8yrsUS$1.80m0.044%
$ 4.3m
Andre Lauzon
Chief Operating Officer4.5yrsUS$1.93m0.014%
$ 1.3m
Patrick Donnelly
Senior Vice President of Legal & Organizational Effectiveness12yrsUS$1.40m0.025%
$ 2.5m
Javier Del Rio
Senior Vice President of US Business Unit3.3yrsUS$1.46mno data
Mark Gupta
Senior Vice President of Corporate Development & Strategy3.8yrsno data0.0022%
$ 211.7k
Candace Brule
Senior Vice President of Capital Markets & Corporate Affairsless than a yearno data0.012%
$ 1.1m
Olivier Tavchandjian
Senior Vice President of Exploration & Technical Servicesno datano datano data
Robert Carter
Senior Vice President of Canada1.1yrsno data0.0063%
$ 610.6k
Sebastien Fortin
Acting Head of British Columbia Business Unitno datano datano data
Jon Douglas
VP & Treasurer11.5yrsno datano data
Mark Haber
Vice President of Legal & Corporate Secretaryno datano datano data
3.8yrs
Average Tenure
64yo
Average Age

Experienced Management: HBM's management team is considered experienced (3.8 years average tenure).

Board Members

NamePositionTenureCompensationOwnership
Peter Gerald Kukielski
President7.2yrsUS$4.18m0.028%
$ 2.7m
David Smith
Independent Chairman7.2yrsUS$263.71k0.0057%
$ 559.9k
Carin Knickel
Independent Director11.2yrsUS$168.56k0.0060%
$ 589.2k
Colin Osborne
Independent Director8.2yrsUS$171.24k0.0011%
$ 110.2k
Jeane Hull
Independent Director3.1yrsUS$172.33kno data
Paula Rogers
Independent Director3.1yrsUS$175.89k0.0034%
$ 334.6k
George Lafond
Independent Director4.2yrsUS$161.36kno data
John Armstrong
Independent Director1.2yrsUS$94.19kno data
Laura Tyler
Independent Directorless than a yearUS$51.11kno data
4.2yrs
Average Tenure
67yo
Average Age

Experienced Board: HBM's board of directors are considered experienced (4.2 years average tenure).

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/07/16 18:53
End of Day Share Price 2026/07/16 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. 2 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
Richard GarchitorenaBarclays