GoAI
Get started
Hudbay Minerals Inc. logo

Hudbay Minerals Inc.

HBM

NYSEBasic MaterialsCopper

Open in GoAI

Previous close

$30.06

+$1.91 · +6.79%

Aug 21, 4:00 PM ET

Pre-market

$30.10

+$0.04 · +0.13%

Aug 24, 8:50 AM ET

HBM company overview

Regular session · ET · Market data may be delayed.

GoAI snapshot

AI-powered factor overview

Jul 10, 2026

GoAI score

Hold

Wait — insufficient conviction to act

Valuation

89

Deep Value

Momentum

36

Weakening

Sentiment

66

Bullish

Risk resilience

34

High Risk

Full GoAI research

Thesis, catalysts, evidence, and risk analysis.

View full GoAI research

AI-generated, informational only, and not investment advice.

Company profile

Company website

Hudbay Minerals Inc. operates as a diversified mining firm, encompassing its subsidiaries, focusing on the exploration, extraction, and commercialization of both industrial and precious metals across the North and South American continents. The company's primary products consist of copper concentrates (from which copper, gold, and silver are derived), silver-gold doré, molybdenum concentrates, and metallic zinc. Hudbay maintains a significant presence with three multi-metal mining operations, four ore processing facilities, and a dedicated zinc production plant, situated in northern Manitoba and Saskatchewan, Canada, and in Cusco, Peru. Furthermore, it is actively developing copper projects in the U.S. states of Arizona and Nevada. Founded in 1927, Hudbay Minerals Inc. is centrally managed from its headquarters in Toronto, Canada.

Industry
Copper
Sector
Basic Materials
Headquarters
CA
CEO
Peter Gerald Jan Kukielski
Listed since
Feb 13, 2009
Employees
2,233

Market position

Day range

Current $30.06

52-week range

Current $30.06

Open
$28.85
Previous close
$28.15
Volume
5.27M
0.98× average
Average volume
5.38M
Average daily volume
Market cap
13.35B USD
Beta
2.27
Market reference 1
50-day average
$24.541
+22.49% above average
200-day average
$22.8832
+31.36% above average

Financials

Financial snapshot

Latest / TTM

Valuation & yield

Enterprise value
8.37B USD
P/E (TTM)
17.79×
P/B (TTM)
2.51×
P/S (TTM)
5.37×
EV / EBITDA
5.8×
Earnings yield
7.24%
Free cash flow yield
2.52%
Dividend yield
0.08%

Profitability & efficiency

Gross margin
39.00%
Operating margin
30.81%
Net margin
27.12%
Return on equity
17.63%
Return on assets
9.15%
Return on invested capital
6.34%

Financial health

Debt / equity
0.19×
Current ratio
0.95×
Altman Z-score
3.92
Piotroski F-score
6 of 9

Financial statements

Margin trends

Profitability as a percentage of reported revenue.

Gross marginOperating marginNet margin
Gross, operating, and net margin trends39%19%-1%-21%Gross margin, FY2021: 8.72%Gross margin, FY2022: 18.95%Gross margin, FY2023: 23.22%Gross margin, FY2024: 27.40%Gross margin, FY2025: 33.61%Operating margin, FY2021: 1.22%Operating margin, FY2022: 20.74%Operating margin, FY2023: 17.76%Operating margin, FY2024: 20.68%Operating margin, FY2025: 25.40%Net margin, FY2021: -16.27%Net margin, FY2022: 4.82%Net margin, FY2023: 3.93%Net margin, FY2024: 3.79%Net margin, FY2025: 25.71%FY2021FY2022FY2023FY2024FY2025
Gross margin FY2021 8.72%. Gross margin FY2022 18.95%. Gross margin FY2023 23.22%. Gross margin FY2024 27.40%. Gross margin FY2025 33.61%. Operating margin FY2021 1.22%. Operating margin FY2022 20.74%. Operating margin FY2023 17.76%. Operating margin FY2024 20.68%. Operating margin FY2025 25.40%. Net margin FY2021 -16.27%. Net margin FY2022 4.82%. Net margin FY2023 3.93%. Net margin FY2024 3.79%. Net margin FY2025 25.71%.

Income trends

Revenue

2.21B USD+9.39%

Operating income

561.6M USD+34.35%

Net income

568.5M USD+641.20%
Income trends across reported periods2.46B USD1.47B USD492.25M USD−489.89M USDRevenue, FY2021: 1.5B USDRevenue, FY2022: 1.46B USDRevenue, FY2023: 1.69B USDRevenue, FY2024: 2.02B USDRevenue, FY2025: 2.21B USDOperating income, FY2021: 18.27M USDOperating income, FY2022: 303.07M USDOperating income, FY2023: 300.2M USDOperating income, FY2024: 418M USDOperating income, FY2025: 561.6M USDNet income, FY2021: −244.36M USDNet income, FY2022: 70.38M USDNet income, FY2023: 66.4M USDNet income, FY2024: 76.7M USDNet income, FY2025: 568.5M USDFY2021FY2022FY2023FY2024FY2025
Revenue FY2021 1.5B USD. Revenue FY2022 1.46B USD. Revenue FY2023 1.69B USD. Revenue FY2024 2.02B USD. Revenue FY2025 2.21B USD. Operating income FY2021 18.27M USD. Operating income FY2022 303.07M USD. Operating income FY2023 300.2M USD. Operating income FY2024 418M USD. Operating income FY2025 561.6M USD. Net income FY2021 −244.36M USD. Net income FY2022 70.38M USD. Net income FY2023 66.4M USD. Net income FY2024 76.7M USD. Net income FY2025 568.5M USD.
Metric (USD)FY2025FY2024FY2023FY2022FY2021
Revenue2.21B USD2.02B USD1.69B USD1.46B USD1.5B USD
Cost of goods sold1.47B USD1.47B USD1.3B USD1.18B USD1.37B USD
Gross profit743.2M USD553.8M USD392.5M USD276.89M USD131.02M USD
Selling, general, and administrative94.7M USD57M USD39.2M USD33.99M USD43.01M USD
Operating expenses181.6M USD135.8M USD92.3M USD−26.19M USD112.75M USD
Interest income22.69M USD14.95M USD8.3M USD2.5M USD988.23K USD
Interest expense75.09M USD80.44M USD88.07M USD72.55M USD81.83M USD
Depreciation and amortization441.2M USD428M USD393.1M USD339.06M USD359.77M USD
Operating income561.6M USD418M USD300.2M USD303.07M USD18.27M USD
Net income568.5M USD76.7M USD66.4M USD70.38M USD−244.36M USD

Company facts updated Aug 24, 2026.

Earnings

EPS beat rate
64%
7 beats, 3 misses, 1 met estimate
Average EPS surprise
+54.71%
11 comparable reports
Latest EPS result
0.28
Estimate 0.26 · Beat by 8.40%

EPS: actual versus estimate

Recent quarterly results

ActualEstimate
Quarterly EPS actual values compared with estimates0.440.30.160.03Q1 '25MetQ2 '25BeatQ3 '25BeatQ4 '25MissQ1 '26MissQ2 '26BeatQ3 '26BeatQ4 '26Estimate
Q1 2025, reported Feb 19, 2025: actual 0.18, estimate 0.18, surprise 0.00%, Met estimate. Q2 2025, reported May 12, 2025: actual 0.24, estimate 0.1, surprise +140.00%, Beat. Q3 2025, reported Aug 13, 2025: actual 0.19, estimate 0.11, surprise +72.73%, Beat. Q4 2025, reported Nov 12, 2025: actual 0.03, estimate 0.06, surprise -50.00%, Miss. Q1 2026, reported Feb 20, 2026: actual 0.22, estimate 0.4, surprise -45.00%, Miss. Q2 2026, reported May 1, 2026: actual 0.4, estimate 0.34, surprise +17.65%, Beat. Q3 2026, reported Jul 29, 2026: actual 0.28, estimate 0.258, surprise +8.40%, Beat. Q4 2026, reported Nov 4, 2026: actual —, estimate 0.36, surprise —, Comparison unavailable.

Revenue: actual versus estimate

Recent quarterly results

ActualEstimate
Quarterly Revenue actual values compared with estimates790.14M631.41M472.69M313.96MQ1 '25BeatQ2 '25BeatQ3 '25MissQ4 '25MissQ1 '26MissQ2 '26BeatQ3 '26MissQ4 '26Estimate
Q1 2025, reported Feb 19, 2025: actual 584.92M USD, estimate 537.36M USD, surprise +8.85%, Beat. Q2 2025, reported May 12, 2025: actual 594.9M USD, estimate 545.62M USD, surprise +9.03%, Beat. Q3 2025, reported Aug 13, 2025: actual 536.4M USD, estimate 561.4M USD, surprise -4.45%, Miss. Q4 2025, reported Nov 12, 2025: actual 346.8M USD, estimate 715.55M USD, surprise -51.53%, Miss. Q1 2026, reported Feb 20, 2026: actual 732.9M USD, estimate 736.38M USD, surprise -0.47%, Miss. Q2 2026, reported May 1, 2026: actual 757.3M USD, estimate 684.73M USD, surprise +10.60%, Beat. Q3 2026, reported Jul 29, 2026: actual 631.3M USD, estimate 632.43M USD, surprise -0.18%, Miss. Q4 2026, reported Nov 4, 2026: actual —, estimate 754.86M USD, surprise —, Comparison unavailable.

Analyst ratings

Third-party consensus; not a GoAI recommendation.

Analyst price target

Average target

$32.00

6.45% upside
Past 12 months12-month forecastHigh $32.00Average $32.00Low $32.00

Rating distribution

20 ratings
Strong buy00%
Buy1260%
Hold840%
Sell00%
Strong sell00%

Recent analyst actions

6 institutions
BarclaysmaintainOverweight
CitigroupmaintainBuy
JefferiesmaintainHold
Raymond JamesmaintainOutperform
TD SecuritiesmaintainBuy

HBM news

seekingalpha.com

Micron: Don't Get Shaken Out

The DRAM memory market is expected to remain tighter for longer vs. the NAND market. This benefits Micron's 76% DRAM-focused portfolio. Faster-than-expected HBM market growth, tight market conditions, and Micron's high…

Read source
seekingalpha.com

SK hynix: Believe In The HBM Leader

SK hynix Inc. offers compelling valuation, trading at a forward P/E of 5.7 and a 13% free cash flow yield, despite recent volatility. SKHY maintains HBM leadership with 50% market share and robust gross margins but faces…

Read source
gurufocus.com

SK Hynix Stock Crashes 8.4% as AI Memory Euphoria Breaks

SK Hynix (SKHY), the South Korean memory-chip powerhouse powering the AI infrastructure boom, plunged approximately 8.4% to $156.90 Tuesday morning as investors

Read source
247wallst.com

Nvidia Is Cutting Rubin Ultra's Memory. Is Micron's HBM Boom in Danger?

The artificial-intelligence buildout is creating an unusual problem for semiconductor investors: demand is arriving faster than the supply chain can deliver the most advanced components.

Read source
fool.com

Why This Memory Chip Boom May Have More Staying Power Than History Suggests

HBM demand is rising fast enough to absorb a growing share of global DRAM capacity. HBM uses far more wafer capacity than conventional DRAM.

Read source
defenseworld.net

Bank of America Corp DE Has $39.37 Million Stake in HudBay Minerals Inc $HBM

Bank of America Corp DE lifted its stake in HudBay Minerals Inc (NYSE: HBM) (TSE: HBM) by 53.3% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The…

Read source

Corporate actions

Annual dividends per share

Cash distributions grouped by calendar year; partial years are marked.

$0.0142

2025 complete year-10.5% since 2021

2026 partial: $0.0174

* Partial calendar year in the available dividend history.

Corporate action history

DividendUpcoming

Ex-dividend Sep 8, 2026

$0.0073

Quarterly

Record Sep 8, 2026 · Payment Sep 25, 2026

Dividend

Ex-dividend Jun 9, 2026

$0.01

Quarterly

Record Jun 9, 2026 · Payment Jun 26, 2026

Dividend

Ex-dividend Mar 10, 2026

$0.0074

Semi-Annual

Record Mar 10, 2026 · Payment Mar 27, 2026

Dividend

Ex-dividend Sep 2, 2025

$0.0073

Semi-Annual

Record Sep 2, 2025 · Payment Sep 19, 2025

Dividend

Ex-dividend Mar 4, 2025

$0.0069

Semi-Annual

Record Mar 4, 2025 · Payment Mar 21, 2025

Dividend

Ex-dividend Sep 3, 2024

$0.0074

Semi-Annual

Record Sep 3, 2024 · Payment Sep 20, 2024

HBM peers

BHP Group Limited logo

BHP

BHP Group Limited

$97.03

+3.63%

Southern Copper Corporation logo

SCCO

Southern Copper Corporation

$216

+8.69%

Rio Tinto Group logo

RIO

Rio Tinto Group

$105.3

+3.06%

Newmont Corporation logo

NEM

Newmont Corporation

$131.58

+3.09%

Freeport-McMoRan Inc. logo

FCX

Freeport-McMoRan Inc.

$76.67

+7.65%

Agnico Eagle Mines Limited logo

AEM

Agnico Eagle Mines Limited

$216.06

+1.90%

ETFs holding HBM

Funds reporting this stock among their holdings, ordered by reported position size.

American Beacon GLG Natural Resources ETF logoAmerican Beacon GLG Natural Resources ETFMGNR
Market value
44.93M
Weight
4.73%
AUM
915.55M USD
Expense ratio
0.75%
Price / 1D
$55.68+2.03%
Dimensional - International Core Equity 2 ETF logoDimensional - International Core Equity 2 ETFDFIC
Market value
20.6M
Weight
0.13%
AUM
15.43B USD
Expense ratio
0.22%
Price / 1D
$39.405+0.83%
Dimensional - International Small Cap ETF logoDimensional - International Small Cap ETFDFIS
Market value
17.47M
Weight
0.30%
AUM
5.91B USD
Expense ratio
0.39%
Price / 1D
$37.545+0.71%
Sprott Copper Miners ETF logoSprott Copper Miners ETFCOPP
Market value
14.17M
Weight
4.57%
AUM
310.39M USD
Expense ratio
0.66%
Price / 1D
$45.66+6.04%
Dimensional - International Core Equity Market ETF logoDimensional - International Core Equity Market ETFDFAI
Market value
9.46M
Weight
0.05%
AUM
18.23B USD
Expense ratio
0.18%
Price / 1D
$43.35+0.81%
Dimensional International High Profitability ETF logoDimensional International High Profitability ETFDIHP
Market value
7.63M
Weight
0.12%
AUM
6.65B USD
Expense ratio
0.27%
Price / 1D
$35.745+0.78%
Dimensional World ex U.S. Core Equity 2 ETF logoDimensional World ex U.S. Core Equity 2 ETFDFAX
Market value
6.24M
Weight
0.05%
AUM
12.57B USD
Expense ratio
0.28%
Price / 1D
$38.16+0.82%
Sprott Critical Materials ETF logoSprott Critical Materials ETFSETM
Market value
6.06M
Weight
0.97%
AUM
625.81M USD
Expense ratio
0.65%
Price / 1D
$35.22+5.48%

Continue in GoAI

Research HBM

research.disclaimer