HBM Stock Analysis: Hudbay Minerals | NYSE
Copper | NYSE, USA | Market Cap: 10.603m USD | 12M Return: 112.8% | Charts, Fundamentals & Technical Analysis
Avg Turnover: 161M
Qual. Beats: 0
Rev. Trend: 87.9%
Qual. Beats: 1
Warnings
Tailwinds
No distinct edge detected
Seasonality 10.5 years of data
How good or bad each month usually is (without trend). The score below shows how much you can trust it: under 40 is mostly noise, over 50 gets interesting, and over 70 is strong.
Hudbay Minerals Inc. is a diversified mining company that explores for, develops, operates, and optimizes mineral properties across North and South America. Its primary commodity focus includes copper, gold, zinc, molybdenum, and silver, often produced as concentrates. The company holds a 100% interest in the Copper Mountain mine, located approximately 20 kilometers south of Princeton, British Columbia, in the Similkameen Valley. Founded in 1927 and headquartered in Toronto, Canada, Hudbay trades on the NYSE under the ticker HBM and is classified within the Materials sector under the Diversified Metals & Mining sub-industry.
As a diversified miner, Hudbays revenue is tied to multiple base and precious metals, which can provide some natural hedging against single-commodity price volatility. Copper concentrates - a refined product further processed by smelters - are particularly relevant given coppers role in electrification, grid infrastructure, and renewable energy applications, supporting long-term demand fundamentals for producers operating in stable jurisdictions like Canada.
- Copper price swings dominate revenue and cash flow
- Constancia Peru mine faces political and community disruption risk
- Copper Mountain mill expansion lifts throughput and cuts costs
| Net Income: 658.5m TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.04 > 0.02 and ΔFCF/TA -1.01 > 1.0 |
| NWC/Revenue: 17.22% < 20% (prev 28.60%; Δ -11.38% < -1%) |
| CFO/TA 0.11 > 3% & CFO 790.9m > Net Income 658.5m |
| Net Debt (117.0m) to EBITDA (1.60b): 0.07 < 3 |
| Current Ratio: 1.36 > 1.5 & < 3 |
| Outstanding Shares: last quarter (398.8m) vs 12m ago 0.77% < -2% |
| Gross Margin: 37.07% > 18% (prev 30.28%; Δ 6.80% > 0.5%) |
| Asset Turnover: 38.20% > 50% (prev 37.97%; Δ 0.23% > 0%) |
| Interest Coverage Ratio: 16.10 > 6 (EBIT TTM 1.17b / Interest Expense TTM 72.5m) |
| A: 0.06 (Total Current Assets 1.56b - Total Current Liabilities 1.15b) / Total Assets 6.92b |
| B: 0.09 (Retained Earnings 650.1m / Total Assets 6.92b) |
| C: 0.19 (EBIT TTM 1.17b / Avg Total Assets 6.21b) |
| D: 1.22 (Book Value of Equity 3.55b / Total Liabilities 2.91b) |
| Altman-Z'' = 3.24 = A |
| DSRI: 1.09 (Receivables 336.0m/270.9m, Revenue 2.37b/2.09b) |
| GMI: 0.82 (GM 30.28% / 37.07%) |
| AQI: 1.79 (AQ_t 0.09 / AQ_t-1 0.05) |
| SGI: 1.13 (Revenue 2.37b / 2.09b) |
| TATA: -0.02 (NI 658.5m - CFO 790.9m) / TA 6.92b) |
| Beneish M = -2.55 (Cap -4..+1) = A |
As of July 02, 2026, the stock is trading at USD 23.61 with a total of 3,572,660 shares traded. Over the past week, the price has changed by -1.74%, over one month by -26.13%, over three months by +2.71% and over the past year by +112.76%.
Current recommended Stop Loss: 21.50 (which is 8.9% or 1.3 ATR below the current price).
Hudbay Minerals has received a consensus analysts rating of 4.68. Therefore, it is recommended to buy HBM.
- StrongBuy: 13
- Buy: 6
- Hold: 0
- Sell: 0
- StrongSell: 0
| Analysts Target Price | 33.6 | 42.3% |
P/E Trailing = 14.1796
P/E Forward = 14.1044
P/S = 4.3959
P/B = 2.9526
P/EG = 2.09
Revenue TTM = 2.37b USD
EBIT TTM = 1.17b USD
EBITDA TTM = 1.60b USD
Long Term Debt = 536.9m USD (from longTermDebt, last quarter)
Short Term Debt = 502.8m USD (from shortTermDebt, last quarter)
Debt = 1.12b USD (from shortLongTermDebtTotal, last quarter) + Leases 55.7m
Net Debt = 117.0m USD (calculated: Debt 1.12b - CCE 1.01b)
Enterprise Value = 10.7b USD (10.6b + Debt 1.12b - CCE 1.01b)
Interest Coverage Ratio = 16.10 (Ebit TTM 1.17b / Interest Expense TTM 72.5m)
EV/FCF = 38.80x (Enterprise Value 10.7b / FCF TTM 276.3m)
FCF Yield = 2.58% (FCF TTM 276.3m / Enterprise Value 10.7b)
FCF Margin = 11.64% (FCF TTM 276.3m / Revenue TTM 2.37b)
Net Margin = 27.75% (Net Income TTM 658.5m / Revenue TTM 2.37b)
Gross Margin = 37.07% ((Revenue TTM 2.37b - Cost of Revenue TTM 1.49b) / Revenue TTM)
Gross Margin QoQ = 48.59% (prev 36.85%)
Tobins Q-Ratio = 1.55 (Enterprise Value 10.7b / Total Assets 6.92b)
Interest Expense / Debt = 6.45% (Interest Expense 72.5m / Debt 1.12b)
Taxrate = 39.19% (423.1m / 1.08b)
NOPAT = 710.2m (EBIT 1.17b * (1 - 39.19%))
Current Ratio = 1.36 (Total Current Assets 1.56b / Total Current Liabilities 1.15b)
Debt / Equity = 0.32 (Debt 1.12b / totalStockholderEquity, last quarter 3.55b)
Debt / EBITDA = 0.07 (Net Debt 117.0m / EBITDA 1.60b)
Debt / FCF = 0.42 (Net Debt 117.0m / FCF TTM 276.3m)
Total Stockholder Equity = 3.18b (last 4 quarters mean from totalStockholderEquity)
RoA = 10.60% (Net Income 658.5m / Total Assets 6.92b)
RoE = 20.72% (Net Income TTM 658.5m / Total Stockholder Equity 3.18b)
RoCE = 31.43% (EBIT 1.17b / Capital Employed (Equity 3.18b + L.T.Debt 536.9m))
RoIC = 11.54% (NOPAT 710.2m / Invested Capital 6.16b)
WACC = 13.31% (E(10.6b)/V(11.7b) * Re(14.30%) + D(1.12b)/V(11.7b) * Rd(6.45%) * (1-Tc(0.39)))
Discount Rate = 14.30% (= CAPM, Blume Beta Adj.) -> capped to 13.17%
Shares (quarterly) Correlation: 91.11 | Cagr: 6.09%
[DCF] Terminal Value 60.21% ; FCFF base≈275.9m ; Y1≈277.9m ; Y5≈296.2m
[DCF] Fair Price = 5.32 (EV 2.50b - Net Debt 117.0m = Equity 2.38b / Shares 447.8m; r=13.31% [WACC]; 5y FCF grow 0.37% → 2.50% )
EPS Correlation: N/A | EPS CAGR: N/A | SUE: 0.52 | # QB: 0
Revenue Correlation: 87.90 | Revenue CAGR: 20.02% | SUE: 1.54 | # QB: 1
EPS current Quarter (2026-09-30): EPS=0.39 | Chg30d=-13.29% | Revisions=-33% | Analysts=4
EPS current Year (2026-12-31): EPS=1.57 | Chg30d=-2.29% | Revisions=-17% | GrowthEPS=+134.3% | GrowthRev=+37.0%
EPS next Year (2027-12-31): EPS=1.78 | Chg30d=-16.90% | Revisions=+0% | GrowthEPS=+13.1% | GrowthRev=+7.2%
[Analyst] Revisions Ratio: -33%