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Hudbay Minerals Inc. (HBM) stock

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NYSE: HBM NYSE Copper Next results ~November 12, 2026

C+ Fundamentals grade

Hudbay Minerals Inc. is a US-listed company in the copper industry. Its financial year ends in December.

Stock price today

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Third-party market data · may be delayed

Fair value per share

~$16

Cash-flow model

Base case. Range ~$12–$22 across our lower- and higher-growth cases (7.1%–17.1% a year).

Price vs value

Modestly overvalued

The price is inside our value range, 31% above our base value.

Price used: $21.41, November 3, 2026

Hudbay Minerals Inc. valuation: adjust assumptions and compare models →

Who’s trading

What company insiders, investment funds and members of Congress have been doing with the stock, from their own filings.

  • Funds194 adding, 130 cuttingOf 63 active managers that changed their stake, 32 added; quarter to June 30, 2026Fund buyers and sellers

Value diary

Our note on each quarter Hudbay Minerals files

Where Hudbay Minerals stands after its latest Filing

Revenue for the twelve months was $2.21bn, up 9.4% on a year earlier, slower than the 19.6% growth a quarter earlier. Free-cash-flow margin rose to 10.9% from 2.2% a year earlier. Operating margin widened to 41.5% from 1.2%. The diluted share count is up 5.1% on a year earlier, which dilutes existing holders. Against its peers on growth, profitability, cash generation and balance sheet, it grades C+. It passes 4 of our 7 financial-health checks. Our cash-flow model value is $16.35 a share, against a share price of $21.70. At that price, our model says the market is pricing in about 17.0% a year of cash-flow growth for five years, close to the 15.1% a year revenue growth it has delivered.

Written from the company's filings and our models when each quarter's report arrives. Figures in older notes are as published at the time. Not investment advice.

The Fundamentalytics view

Next results ~November 12, 2026 (estimated)

Hudbay Minerals Inc.'s trailing-twelve-month revenue grew 9.4% year on year, with a free-cash-flow margin of 10.9%. Where it stands out: operating margin of 41.5% ranks 11 of 140 materials companies we cover. Where it lags: change in growth rate of -10.2pp ranks 151 of 168 materials companies we cover.

Our discounted-cash-flow model values the business at ~$16 per share in the base case (~$12–$22 across growth scenarios) — model values under stated assumptions, not a price target.

Current signal Free cash flow diverging from earnings: TTM free cash flow fell 24.6% while net income grew 641.2%: a 666pp divergence.

Assembled from SEC-filed figures — the full workings are on this page and in our methodology. Observations, not recommendations.

Highlights

How we pick these

Strengths

  • High operating margin. 41.5% of revenue is left as operating profit, against a median of 7.0% for materials companies we cover.
  • Margins widening. Operating margin is up 21.6 points on a year ago.
  • Estimates rising. Analysts' consensus for next year's earnings per share has risen 11.0% over 90 days.

Things to watch

  • Priced above our value. The share price of $21.70 is 25% above our value per share of $16.
  • Growth slowing. The growth rate is 10.2 points lower than a quarter earlier.
  • Share dilution. Diluted shares rose 5.1% in a year.
  • Weak cash conversion. Free cash flow was 42% of net income over the last 12 months.
  • Below peers: stock pay as % of revenue. Stock pay as % of revenue of 2.8% ranks 113 of 137 materials companies we cover (median 0.7%).
  • Below peers: days sales outstanding. Days sales outstanding of 62 days ranks 96 of 125 materials companies we cover (median 45 days).

Latest results

Earnings per share
$0.28 against an average estimate of $0.25: beat by 13.6%
Next report
November 12, 2026; average EPS estimate $0.34

Hudbay Minerals' figures from its SEC filings and results release; estimates are the analysts' average. Not a recommendation.

Price chart

  • 1 day-1.4%
  • 1 week-8.5%

Closing prices to 2026-11-02. Price change only, dividends excluded.

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Third-party market data · may be delayed

At a glance

Trailing twelve months, from SEC filings

Profitability

Revenue (TTM)
$2.2B
Operating margin
41.5%
Net margin
25.7%
EPS (TTM, diluted)
$1.43

Growth

Revenue growth
+9.4%
Change in growth rate
−10.2 pts
Share count change
+5.1%

Cash

Free cash flow (TTM)
$241M
FCF margin
10.9%
Stock pay % of revenue
2.8%

News & updates

Updated November 2, 2026

Company announcements, filed results and changes that matter to shareholders.

No recent updates are available for HBM from the sources we follow. See filings →

Refreshed hourly when new source data is available. Summaries are checked against company releases and SEC filings. Company announcement headlines are labelled when a checked summary is unavailable.

Valuation

Hudbay Minerals Inc. valuation models and calculator

What the price is pricing in

The share price implies about 16.7% a year of cash-flow growth for five years.That is close to the 15.1% a year revenue growth Hudbay Minerals has delivered.

  • Priced in16.7%
  • Last 12 months9.4%
  • 3 years a year14.8%
  • 5 years a year15.1%

Our cash-flow model with every input fixed except growth over the next five years, solved for the growth at which the model value equals the share price ($21.39, Nov 3, 2026). Cash-flow growth then fades to 2.5% a year; discount rate 8.5%. Delivered figures are revenue growth from SEC filings. This is a model exercise, not investment advice or a forecast of the share price. All companies

Fundamentalytics rating

model v1.6 · 2026-11-03
Sell12-month view
12-month price target
~$16
Price used
$21.39close November 3, 2026
Implied change
▼ 24%
Uncertainty
Medium

How we got here: a discounted-cash-flow model of Hudbay Minerals Inc.'s free cash flow after stock-based pay with after-tax interest added back ($235M, FY2025 Q4 TTM), growing 12.1% a year for five years and fading to 2.5%, discounted at 8.5%. Lower and higher growth cases span ~$12–~$22 ; that spread sets a 25% margin before we rate Buy or Sell.

Produced by Fundamentalytics' automated valuation model on November 3, 2026, using delayed market prices. Rating meanings, methodology and conflicts: recommendations disclosure and research disclaimer. General research, not personal advice — it does not consider your circumstances. Prices can fall as well as rise.

Our value per share comes from a discounted-cash-flow model of Hudbay Minerals Inc.'s free cash flow after stock-based pay ( $235M, FY2025 Q4 TTM, with after-tax interest added back): growth for five years as below (the first two years from forecasts, guidance and the company's record), fading to 2.5%, discounted at 8.5%, then cash added and debt and other claims subtracted. These are model values under stated assumptions, not price targets or recommendations.

Valuation models

We value Hudbay Minerals Inc. as an operating company, with every model that fits that kind of business. Cost of equity 9.3%: the 10-year Treasury yield (4.9%) plus a beta of 0.97 times a 4.5% equity risk premium.

Value per share by model
Model Value per share In the combined value?
Cash-flow model (DCF) Free cash flow to the firm (after stock pay, with after-tax interest added back), grown then faded to 2.5%, discounted at 8.5% as the firm rate, less debt and other claims. ~$16 ~$12–$22 Primary model, counts double
Forward price-to-earnings vs peers Next year's consensus earnings per share times peers' typical (harmonic-mean) forward price-to-earnings. Uses analysts' consensus estimates (third-party data), not our forecasts. ~$20 ~$16–$46 Included
Residual income Book value plus the present value of returns above the cost of equity, fading over ten years. ~$3.0 ~$1.9–$4.9 Left out: out of range vs price (0.14x)
Justified price-to-book Book value times (return on equity - growth) / (cost of equity - growth): steady-state returns. ~$0.2 ~$0.2–$0.3 Left out: out of range vs price (0.01x)
Combined value Weighted average of the models that apply: the primary model (cash-flow model (dcf)) counts double. Models more than 5x or less than 0.2x the share price, or more than 3x away from the other models' median, are left out. ~$18 ~$16–$20 2 models

Different models fail in different ways, so where several apply we average them rather than trust one. Peer-based models compare Hudbay Minerals Inc. with Materials sector in our coverage, using third-party market data. Model values are estimates under stated assumptions, updated as new filings arrive; not price targets or investment advice. How each model works.

What moves the value

  • Revenue growth 5 points lower ▼ −26%
  • Revenue growth 5 points higher ▲ +34%
  • Free-cash-flow margin 1 point lower ▼ −8%
  • Last year's free-cash-flow margin change, if it persists ▼ −29%
  • Discount rate 1 point higher ▼ −16%
Value per share under different assumptions
Discount rate ↓ / growth → −5% growth0% growth5% growth10% growth15% growth20% growth
7% $7$11$15$20$27$36
8.5% $5$8$11$14$19$26
10% $4$6$8$11$15$20

Moat

Not assessed: fewer than five years of comparable figures in the filings. AI disruption exposure for this industry: Low.

A rules-based reading of reported figures, not a forecast and not investment advice. How the score is built: methodology.

Forecasts and guidance

Next results: November 12, 2026, before the open. Analysts expect revenue of $737m and EPS of $0.34 (range $0.26 to $0.43) for the quarter.

Analysts' consensus

Fiscal yearEPSGrowthRevenueGrowth
Current $1.48 +121% $2.9bn +33%
Next $2.02 +36% $3.4bn +16%

Next year's EPS estimate has moved +11.0% in 90 days, across 16 analysts.

How the EPS forecast has moved

The consensus EPS forecast for the current fiscal year is +6.9% on 90 days ago. In the last 30 days, 5 analysts raised Hudbay Minerals Inc.'s forecast and 1 cut it.

Consensus EPS forecast Hudbay Minerals Inc., last 90 days
$1.20 $1.40 $1.60 $1.80 $2.00 $2.20 90 days ago 60 days ago 30 days ago 7 days ago Now Current fiscal year, 90 days ago: $1.39 Current fiscal year, 60 days ago: $1.52 Current fiscal year, 30 days ago: $1.49 Current fiscal year, 7 days ago: $1.48 Current fiscal year, Now: $1.48 $1.48 Next fiscal year, 90 days ago: $1.82 Next fiscal year, 60 days ago: $1.96 Next fiscal year, 30 days ago: $1.94 Next fiscal year, 7 days ago: $2.04 Next fiscal year, Now: $2.02 $2.02

Average of analysts' published estimates (third-party data).

View chart data
Period Current fiscal yearNext fiscal year
90 days ago $1.39$1.82
60 days ago $1.52$1.96
30 days ago $1.49$1.94
7 days ago $1.48$2.04
Now $1.48$2.02

Earnings against estimates

Quarter toEstimateActualSurprise
Jun 2026 $0.25 $0.28 +13.6%
Mar 2026 $0.34 $0.40 +16.6%
Dec 2025 $0.39 $0.22 −43.0%
Sept 2025 $0.06 $0.03 −50.7%

Adjusted EPS as companies report it, against the average analyst estimate.

Analyst recommendations

23 analysts, Nov 2026
Buy2296%
Hold14%
Sell00%

Monthly trend

  1. Nov 202681423
  2. Oct 202681423
  3. Sep 202681423

Counts of recommendations published by analysts covering Hudbay Minerals Inc., by month. Source: Aggregated broker recommendations (third-party data). Aggregated counts only: we do not reproduce any firm's recommendation or price target, and these are not Fundamentalytics ratings.

Positioning

Short interest
—
of tradable shares
Days to cover
2.22
at average volume
Short interest, 1 month
+27%
to October 15, 2026
Held by institutions
78%
of shares
Held by insiders
3.6%
of shares

Consensus figures average analysts' published estimates (third-party data); guidance is the company's own. Neither is our forecast. Short interest is reported twice a month and lags. Market data may be delayed.

This section is general information, not investment advice or a personal recommendation, and it does not take account of your objectives or circumstances. Forecasts and guidance are estimates, not promises: companies miss their own guidance and analysts' figures are often revised. Prices can fall as well as rise, and you can lose money. See our disclaimer.

Share-price performance

Market data may be delayed

Recent prices are available. Older price history and the statistics that need it are being loaded in the background.

Price behaviour

52-week range
Not enough history
From 52-week high
—
vs 50-day average
—
vs 200-day average
—
Volatility (1 year)
—
Beta vs S&P 500
—

Volatility is the annualised standard deviation of daily returns. Beta 1.5 means the shares typically moved 1.5% for each 1% move in the S&P 500 over the past year. Prices to November 2, 2026.

Options strategies

All options ideas

How Hudbay Minerals Inc.’s listed options are priced, and three ways to use them that follow from our valuation. Quotes are delayed, read November 3, 2026. Check the live chain at your broker before trading.

Cash-secured put

Not offered: rated Sell.

We suggest selling a put only on well-rated companies, at a strike where the price you would pay if assigned (strike less premium) is at or below our fair value.

Covered call

Not offered: no liquid call at or above our price target — the model says the upside is worth more than any listed strike.

For holders: sell a call at a strike at or above our fair value, so the shares are only sold at a price the model calls full value.

Collar

Not offered: no liquid put and call pair for the same expiry.

For holders of a stock trading at or above our fair value: buy a put for a floor and sell a call to pay for it.

General research, not personal advice. Options can lose you more than you expect and are not suitable for everyone: put sellers can be made to buy shares that keep falling, call sellers give up gains above the strike, and results or news can move prices sharply. Chances shown are approximations from each option’s delta. Spreads, fees and early assignment are not modelled.

Hudbay Minerals Inc. in five measures

Fundamentals grade C+
Growth Profitability Cash Balance sheet Value

Growth, profitability, cash generation and balance sheet are percentiles against the companies we cover in the same industry, from SEC filings (100 = best). Value compares the share price with our modelled value range (50 = at our base value; higher = cheaper). A description of reported data and our model — not a quality score or advice.

Fundamentals

Revenue (TTM) Hudbay Minerals Inc.
$1B $1.5B $2B $2.5B FY16 Q4 FY18 Q4 FY20 Q4 FY22 Q4 FY25 Q4 Revenue (TTM), FY16 Q4: $1.1B Revenue (TTM), FY17 Q4: $1.4B Revenue (TTM), FY18 Q4: $1.5B Revenue (TTM), FY19 Q4: $1.2B Revenue (TTM), FY20 Q4: $1.1B Revenue (TTM), FY21 Q4: $1.5B Revenue (TTM), FY22 Q4: $1.5B Revenue (TTM), FY23 Q4: $1.7B Revenue (TTM), FY24 Q4: $2B Revenue (TTM), FY25 Q4: $2.2B $2.2B

Source: SEC EDGAR filings. Retrieved November 1, 2026.

View chart data
Period Revenue (TTM)
FY16 Q4 $1.1B
FY17 Q4 $1.4B
FY18 Q4 $1.5B
FY19 Q4 $1.2B
FY20 Q4 $1.1B
FY21 Q4 $1.5B
FY22 Q4 $1.5B
FY23 Q4 $1.7B
FY24 Q4 $2B
FY25 Q4 $2.2B
Revenue growth, TTM YoY Hudbay Minerals Inc.
-20% 0% 20% 40% FY17 Q4 FY19 Q4 FY21 Q4 FY23 Q4 FY25 Q4 Revenue growth, TTM YoY, FY17 Q4: 24.2% Revenue growth, TTM YoY, FY18 Q4: 5.0% Revenue growth, TTM YoY, FY19 Q4: -16.0% Revenue growth, TTM YoY, FY20 Q4: -11.7% Revenue growth, TTM YoY, FY21 Q4: 37.5% Revenue growth, TTM YoY, FY22 Q4: -2.7% Revenue growth, TTM YoY, FY23 Q4: 15.6% Revenue growth, TTM YoY, FY24 Q4: 19.6% Revenue growth, TTM YoY, FY25 Q4: 9.4% 9.4%

Source: SEC EDGAR filings. Retrieved November 1, 2026.

View chart data
Period Revenue growth, TTM YoY
FY17 Q4 24.2%
FY18 Q4 5.0%
FY19 Q4 -16.0%
FY20 Q4 -11.7%
FY21 Q4 37.5%
FY22 Q4 -2.7%
FY23 Q4 15.6%
FY24 Q4 19.6%
FY25 Q4 9.4%
Operating margin (TTM) Hudbay Minerals Inc.
-40% -20% 0% 20% 40% 60% FY16 Q4 FY18 Q4 FY20 Q4 FY22 Q4 FY25 Q4 Operating margin (TTM), FY16 Q4: 15.0% Operating margin (TTM), FY17 Q4: 25.1% Operating margin (TTM), FY18 Q4: 20.3% Operating margin (TTM), FY19 Q4: -23.3% Operating margin (TTM), FY20 Q4: -3.4% Operating margin (TTM), FY21 Q4: 1.2% Operating margin (TTM), FY22 Q4: 14.7% Operating margin (TTM), FY23 Q4: 17.6% Operating margin (TTM), FY24 Q4: 19.8% Operating margin (TTM), FY25 Q4: 41.5% 41.5%

Source: SEC EDGAR filings. Retrieved November 1, 2026.

View chart data
Period Operating margin (TTM)
FY16 Q4 15.0%
FY17 Q4 25.1%
FY18 Q4 20.3%
FY19 Q4 -23.3%
FY20 Q4 -3.4%
FY21 Q4 1.2%
FY22 Q4 14.7%
FY23 Q4 17.6%
FY24 Q4 19.8%
FY25 Q4 41.5%
FCF margin (TTM) Hudbay Minerals Inc.
-20% -10% 0% 10% 20% 30% FY16 Q4 FY18 Q4 FY20 Q4 FY22 Q4 FY25 Q4 FCF margin (TTM), FY16 Q4: 25.0% FCF margin (TTM), FY17 Q4: 20.7% FCF margin (TTM), FY18 Q4: 19.6% FCF margin (TTM), FY19 Q4: 4.2% FCF margin (TTM), FY20 Q4: -11.1% FCF margin (TTM), FY21 Q4: 2.2% FCF margin (TTM), FY22 Q4: 12.2% FCF margin (TTM), FY23 Q4: 11.6% FCF margin (TTM), FY24 Q4: 15.8% FCF margin (TTM), FY25 Q4: 10.9% 10.9%

Source: SEC EDGAR filings. Retrieved November 1, 2026.

View chart data
Period FCF margin (TTM)
FY16 Q4 25.0%
FY17 Q4 20.7%
FY18 Q4 19.6%
FY19 Q4 4.2%
FY20 Q4 -11.1%
FY21 Q4 2.2%
FY22 Q4 12.2%
FY23 Q4 11.6%
FY24 Q4 15.8%
FY25 Q4 10.9%

Data: SEC EDGAR XBRL company facts (as filed in 10-K/10-Q); forms 40-F. Generated November 3, 2026. Definitions in our methodology.

Financial statements

US$ millions unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

Fiscal year 2016 Dec 2016 2017 Dec 2017 2018 Dec 2018 2019 Dec 2019 2020 Dec 2020 2021 Dec 2021 2022 Dec 2022 2023 Dec 2023 2024 Dec 2024 2025 Dec 2025
Income
Revenue 1,129 1,402 1,472 1,237 1,092 1,502 1,461 1,690 2,021 2,211
Gross profit 223 409 374 152 39 131 277 393 554 743
EBITDA 469 650 632 58 326 378 553 690 828 1,358
Operating income 170 353 299 −289 −37 18 214 297 400 917
Net income −35 140 85 −344 −145 −244 70 66 77 569
Diluted EPS — — — — −$0.55 −$0.93 $0.27 $0.22 $0.20 $1.44
Growth (year on year)
Revenue — +24.2% +5.0% −16.0% −11.7% +37.5% −2.7% +15.6% +19.6% +9.4%
EBITDA — +38.7% −2.8% −90.8% +464.1% +15.8% +46.4% +24.7% +20.0% +63.9%
Operating income — +107.6% −15.2% −196.6% — — — +38.6% +34.7% +129.0%
Net income — — −38.9% −502.5% — — — −5.7% +15.5% +641.2%
Diluted EPS — — — — — — — −18.5% −9.1% +620.0%
Margins
Gross margin 19.7% 29.2% 25.4% 12.2% 3.6% 8.7% 18.9% 23.2% 27.4% 33.6%
EBITDA margin 41.5% 46.4% 42.9% 4.7% 29.9% 25.2% 37.9% 40.8% 41.0% 61.4%
Operating margin 15.0% 25.1% 20.3% −23.3% −3.4% 1.2% 14.7% 17.6% 19.8% 41.5%
Net margin −3.1% 10.0% 5.8% −27.8% −13.2% −16.3% 4.8% 3.9% 3.8% 25.7%
Free-cash-flow margin 25.0% 20.7% 19.6% 4.2% −11.1% 2.2% 12.2% 11.6% 15.8% 10.9%
Cash flow
Cash from operations 475 540 480 311 239 385 488 477 666 707
Capital spending 193 250 191 259 361 352 309 281 347 467
Free cash flow 282 290 289 52 −122 33 179 196 319 241
Stock-based pay 10 16 −2 3 15 12 2 7 19 61
Free cash flow after stock pay 272 274 291 49 −137 21 177 188 300 179
Balance sheet
Cash 147 356 515 396 439 271 226 250 542 569
Total debt — 980 981 985 1,136 1,180 1,184 1,288 1,108 1,009
Net debt (negative = net cash) −147 623 466 589 697 909 958 1,038 566 440
Diluted shares 236m 244m 261m 261m 261m 261m 262m 311m 377m 397m
Returned to shareholders
Dividends 4 4 4 4 4 4 4 5 6 6
Total returned 4 4 4 4 4 4 4 5 6 6

Source: SEC EDGAR XBRL company facts (US and foreign periodic filings); column headings link to the filing. EBITDA is operating income plus depreciation and amortisation. Free cash flow is cash from operations minus capital spending. Growth is left blank when last year's figure was a loss or under 2% of revenue. Share counts and EPS are restated for stock splits. A dash means the company didn't report the figure.

Financial health

4 of 7 checks passed · December 31, 2025
What it owns · $6.2bn
Short-term assets $1.2bnLonger-term assets $5.1bn
What it owes, and who funded it · $6.2bn
Short-term liabilities $1.2bnLonger-term liabilities $1.8bnShareholders' equity $3.2bn
  • Short-term assets cover short-term liabilities $1.2bn of assets due within a year against $1.2bn of liabilities due within a year.
  • Short-term assets cover long-term liabilities $1.2bn short-term assets against $1.8bn of longer-dated liabilities.
  • More cash than debt $569m of cash against $1.0bn of debt.
  • Debt below 40% of shareholders' equity Debt is 31% of equity.
  • Debt burden no higher than five years ago Debt to equity moved from 67% to 31% over five years.
  • A year's operating cash flow covers at least 20% of debt $707m of operating cash flow against $1.0bn of debt.
  • Operating profit covers interest at least five times over Operating income of $916m against $61m of interest.

From Hudbay Minerals Inc.'s latest balance sheet as filed. Checks are fixed, documented rules (methodology), counted only where the company reports the figures — a dot means the filing doesn't break the item out. Descriptions of reported data, not advice.

Dividends, buybacks and capital spending

Dividends (TTM)
$5.6M
Returned to shareholders
2%
of free cash flow
Diluted share count
+5.1%
year over year
Total shareholder yield
0.1%
dividends 0.1% + buybacks 0.0% of market value
Dividend payout ratio
1%
of net income paid out
Days sales outstanding
62 days
receivables vs revenue

Competitors: side by side with peers

Closest by revenue in copper
Last 12 months unless stated HBM ERO SCCO FCX Median
Revenue, last 12 months $2.2bn $786m $17.1bn $25.9bn $9.7bn
Revenue growth, last 12 months 9.4% 67.1% 38.7% 0.2% 24.0%
Revenue growth, 3-year average — — 18.0% 5.7% 11.8%
Revenue growth, latest quarter — — 39.1% −7.3% 15.9%
Gross margin 33.6% 43.9% 65.2% 27.1% 38.7%
Operating margin 41.5% 34.4% 58.6% 26.8% 37.9%
Operating margin, 3-year average 22.6% — 51.9% 27.2% 27.2%
Net margin 25.7% 33.6% 37.2% 11.4% 29.6%
Cash from operations / revenue 32.0% 50.3% 43.3% 22.8% 37.6%
Free-cash-flow margin 10.9% 16.8% 32.7% 14.5% 15.7%
Free-cash-flow margin, 3-year average 11.2% — 28.1% 9.0% 11.2%
Stock pay / revenue 2.8% 3.1% — 0.5% 2.8%
Change in share count 5.1% 1.0% −1.6% −0.1% 0.4%

Median of all 4 companies we cover in copper. Shaded: best of the six on that line (lowest for stock pay and share-count growth). 3-year figures average the last three 12-month periods; 3-year growth is compound annual. Source: SEC filings.

Peer comparison

171 materials companies
Measure Company Peer median Rank
Revenue growth Growth 9.4% 8.3% 76 of 170
Change in growth rate Growth -10.2pp +2.4pp 151 of 168
Gross margin Profitability 33.6% 26.1% 53 of 151
Operating margin Profitability 41.5% 7.0% 11 of 140
Net margin Profitability 25.7% 3.8% 23 of 170
Free-cash-flow margin Cash generation 10.9% 5.0% 42 of 167
Stock pay as % of revenue Cash generation 2.8% 0.7% 113 of 137
Long-term debt as % of assets Balance sheet 8.6% 22.8% 36 of 147
Change in share count Balance sheet 5.1% 0.4% 121 of 161
Days sales outstanding Balance sheet 62 days 45 days 96 of 125

Rank 1 = best in the group (for spending, debt and dilution, lower ranks first).

Who owns it

Funds buying and selling
Reported value
$7.9B
Institutions reporting
318
Shares held vs prior quarter
▲ 10.9%
Positions opened / closed
70 / 47

Top buyers and sellers, Q2 2026: 194 institutions bought and 130 sold ; the biggest buyer was L1 Capital Pty Ltd (+10.0M shares) and the biggest seller Arrowstreet Capital, Limited Partnership (−6.7M). See which funds bought and sold →

Largest reported holders, June 30, 2026
Manager Value Shares Share of 13F value Shares QoQ
Fil Ltd $668M 28.3M 8.5% ▼ 7.5%
Mirae Asset Global Etfs Holdings Ltd. $470M 19.9M 5.9% ▲ 12.3%
Mackenzie Financial Corp $436M 13.0M 5.5% ▲ 20.9%
Gmt Capital Corp $432M 18.3M 5.5% ▼ 16.5%
Hancock Prospecting Pty Ltd $374M 15.9M 4.7% 0.0%
Royal Bank Of Canada $350M 14.8M 4.4% ▲ 79.4%
Vanguard Capital Management LLC $293M 12.4M 3.7% ▲ 12.8%
L1 Capital Pty Ltd $236M 10.0M 3.0% New
Bank Of Montreal $222M 9.4M 2.8% ▲ 16.3%
CIBC Asset Management Inc $209M 8.9M 2.6% ▼ 13.5%
Dimensional Fund Advisors LP $194M 8.2M 2.5% ▼ 15.4%
Acadian Asset Management LLC $183M 7.8M 2.3% ▼ 27.8%

From Form 13F filings with the SEC ( quarterly data sets), as reported by each manager for June 30, 2026 and filed up to 45 days later. 13F reports cover long US-listed positions of managers above $100M only, so this is not Hudbay Minerals Inc.'s complete shareholder register. Values are as reported by the filers ; 1 inconsistently scaled filing rows were excluded.

Insider trading activity

Full insider history and chart
Insider purchases History → $0 0 trades by 0 insiders, last 12 months Insider sales History → $0 0 trades by 0 insiders
Net ▲ $0 net buying

No open-market insider trades reported in the last 12 months.

From insiders' Form 4 filings with the SEC. Excludes awards, option exercises and shares withheld for tax. "Pre-set plan" means the filing marks the trade as made under a Rule 10b5-1 plan. See every insider trade since five years ago, on a price chart.

Earnings dates and SEC filings

Results announcements

Recent SEC filings

Data status

When each part of this page on Hudbay Minerals Inc. was last updated.

DataLast updatedSource
Share priceExchange closing prices
News and updatesCompany releases and SEC 8-K filings
Analyst estimatesAggregated analyst estimates
Valuation and scoresOur models, from the filed figures

How we build and check these figures: methodology and data sources.

Hudbay Minerals Inc. in brief

What does Hudbay Minerals Inc. do?
Hudbay Minerals Inc. is a US-listed company in the copper industry. Its financial year ends in December.
What is Hudbay Minerals Inc.'s stock ticker?
Hudbay Minerals Inc. trades under the ticker HBM on NYSE. This page brings together its financial statements, valuation models, ownership and recent company updates.
What is Hudbay Minerals Inc.'s revenue, and how fast is it growing?
Over its most recent trailing twelve months, Hudbay Minerals Inc. reported revenue of $2.2B, 9.4% higher than a year earlier, according to its SEC filings.
What is Hudbay Minerals Inc.'s free cash flow?
Hudbay Minerals Inc.'s free-cash-flow margin is 10.9% of revenue over the trailing twelve months, ranking 42 of the 167 materials companies we cover.
What is Hudbay Minerals Inc.'s fair value (intrinsic value) per share?
Our discounted-cash-flow model of Hudbay Minerals Inc.'s free cash flow after stock-based pay gives ~$16 per share in the base case, and ~$12–$22 across growth scenarios. These are model values under stated assumptions — not a price target or a recommendation.
Who are Hudbay Minerals Inc.'s largest institutional shareholders?
By value reported in 13F filings for June 30, 2026, the largest reported holders are Fil Ltd, Mirae Asset Global Etfs Holdings Ltd. and Mackenzie Financial Corp. 13F reports cover long US-listed positions of managers above $100M, filed up to 45 days after quarter end.
Does Hudbay Minerals Inc. pay a dividend?
Yes: Hudbay Minerals Inc. paid $5.6M in dividends over the trailing twelve months, a dividend yield of 0.07% and a payout ratio of 1.0%.
How much debt does Hudbay Minerals Inc. have?
Hudbay Minerals Inc.'s debt-to-equity ratio is 31.2%, from its latest balance sheet (66.8% five years earlier). The financial health section below sets out its other solvency checks.
Who are Hudbay Minerals Inc.'s competitors?
In our Copper peer group, the companies closest to Hudbay Minerals Inc. are Ero Copper Corp., Southern Copper Corp/ and Freeport-McMoRan. The side-by-side comparison below sets their revenue, margins and growth against Hudbay Minerals Inc.'s.
When is Hudbay Minerals Inc.'s next earnings date?
Around November 12, 2026, estimated from the spacing of its past results announcements (8-K filings). That is an estimate, not a confirmed date — Hudbay Minerals Inc. announces its own schedule.