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⚠️ Not investment advice. Past performance does not guarantee future results.
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Hudbay Minerals HBM

CanadaBasic Materials · CopperUSD
5.8AI score
Rank 1,161 of 2,130
better than 43% of companies
25.87USD
▲ 56.2% in one year
HBM MSCI World +22.1%
Average analyst target
35.02 USD (+35.4%)
6 analysts
52-wk low 14.34High 32.15
📈 Chart on TradingView ↗(affiliate link)Analysis of 08/10/2026

What does it do?

Hudbay Minerals is a Canadian mining company dedicated to the extraction and processing of copper, with operations in Canada and Peru, selling its production on the global market.

Key points

from its scores
  • ✓Very solid balance sheet8.6
  • ✓Good share-price trend8.1
  • ✓Strong growth7.0
  • ✕Unfavourable risk and backdrop1.1
  • ✕Little or no dividend1.8

AI analysis

bottom line, main risk, context and news
Bottom line

Fundamentals are solid and the balance sheet is very healthy, but the dividend is negligible and Peru country risk adds uncertainty.

Hudbay Minerals has excellent financial health (net debt/EBITDA of 0.13) and solid growth (revenue +17.7%), with a reasonable valuation (P/E 15.13) and strong momentum (60.14%). The main drag is its low dividend yield.

⚠ Main risk

The main risk is exposure to Peru, where political and regulatory instability could affect the operation of its mines and value creation for shareholders.

Context and risks

Hudbay Minerals operates copper mines in Peru, a country with moderate institutional and governance risk, which can affect the operational and regulatory stability of its assets.

Is Hudbay Minerals stock cheap or expensive?

at the analysis date
In line with its sector

On P/E and EV / EBITDA, it trades in line with the Basic Materials median (within 15%).

MultipleCompanySectorDifference
P/E15.119.2−21%
EV / EBITDA10.610.0+6%
Price / book2.42.3+6%
Price / sales4.72.2+112%

Sector: median of the 141 Basic Materials companies analysed. In bold, the multiples used for the comparison.

Valuation score: 6.6 out of 10 (median for Basic Materials: 5.8).

Average analyst target: 35.02 USD, +35.4% versus the price.

Indicative fair value · USD
Graham48.73▲ +88% vs price
Cash flow (DCF)23.75▼ −8% vs price
Price25.87at the analysis date

Classic formulas with standard assumptions (10.0% growth, 8-9% discount rate). Indicative only: they change a lot with the assumptions and are not a recommendation.

Work out its fair value yourself →How much would you have made investing every month? →

Comparing it with its sector does not say whether it is a good buy: this is not investment advice.

🛒 Where to buy HBMCheapest · US (NYSE/Nasdaq) · sample 200.00 € orderCheapest · US (NYSE/Nasdaq) · sample 200.00 € orderAvailable in your country · US (NYSE/Nasdaq) · sample 200.00 € order
By the cost of that order: commission and FX, taxes excluded (public fee schedules). Brokers marked «affiliate» may pay Meridian a commission at no cost to you. This is not investment advice. · Compare all 22 brokers by real cost →

Score by category

0 to 10 · hover overtap each one to see what it measures
Financial healthiExcellent8.6Basic Materials median: 7.1
Quality / MoatiFair6.4Basic Materials median: 5.1
ValuationiFair6.6Basic Materials median: 5.8
GrowthiGood7.0Basic Materials median: 6.8
DividendiPoor1.8Basic Materials median: 4.7
MomentumiGood8.1Basic Materials median: 6.5
Risk & ContextiPoor1.1Basic Materials median: 5.9
Basic Materials median7 or more 5 to 7 under 5

Key metrics

at the analysis date · compared with the Basic Materials median
P/Ei
15.1
Basic Materials: 19.2below
EV / EBITDAi
10.6
Basic Materials: 10.0above
ROEi
16.7%
Basic Materials: 11.3%above
Operating margini
32.6%
Basic Materials: 16.1%above
Net debt / EBITDAi
0.13
Basic Materials: 1.41below
Revenue growthi
+17.7%
Basic Materials: +9.7%above

Valuation

P/E
15.1
Forward P/E
13.2
EV / EBITDA
10.6
Price / book
2.4
Price / sales
4.7
PEG
0.94
Market cap
11.5B USD
Enterprise value
12.1B USD

Profitability

ROE
16.7%
ROA
6.7%
ROIC (approx.)
13.8%
Gross margin
56.6%
Operating margin
32.6%
Net margin
27.5%
Free cash flow
450.2M USD
FCF yield
3.9%
Cash conversion
39%

Solvency

Total debt
1.0B USD
Net debt
153.6M USD
Cash
890.9M USD
EBITDA
1.1B USD
Net debt / EBITDA
0.13
Debt / equity
19.86
Current ratio
2.24
Quick ratio
1.82

Growth

Revenue growth
+17.7%
Earnings growth
+14.1%
EPS (TTM)
1.71 USD
EPS (forward)
1.96 USD

Dividend

Dividend yield
0.1%
Payout
1.3%

Risk and market

Beta
2.33
Analyst consensus
Strong buy (6)
Target price
35.02 USD
52-week range
14.34 – 32.15

Compare it with its sector

All 141 in Basic Materials →
See the full ranking with filters →

Keep browsing the ranking

sorted by score, highest first

Frequently asked questions about Hudbay Minerals

Is Hudbay Minerals stock cheap or expensive?

On P/E and EV / EBITDA, it trades in line with the Basic Materials median (within 15%). Valuation score: 6.6 out of 10 (median for Basic Materials: 5.8). Average analyst target: 35.02 USD, +35.4% versus the price. This is not investment advice.

What score does Hudbay Minerals get on MeridIAn Screener?

It scores 5.8 out of 10, rank 1,161 of 2,130 (better than 43% of the companies analysed). Its strongest category is Financial health (8.6) and its weakest, Risk & Context (1.1). Analysis of 08/10/2026.

What is Hudbay Minerals's P/E ratio?

Its P/E is 15.1: the share price equals 15.1 times earnings per share over the last 12 months. The Basic Materials median is 19.2. Based on the earnings analysts expect, the forward P/E is 13.2.

How much is Hudbay Minerals worth on the stock market?

Its market capitalisation is 11.5B USD and its enterprise value, debt included, is 12.1B USD.

How much debt does Hudbay Minerals have?

Its net debt (debt minus cash) is 153.6M USD. That is 0.13 times its EBITDA; the Basic Materials median is 1.41.

Does Hudbay Minerals pay a dividend?

Yes: its dividend yield is 0.12% and it pays out 1% of its earnings.

How has Hudbay Minerals stock performed over the last year?

It has risen 56.2% over the last year, excluding dividends. Over the last 52 weeks it has traded between 14.34 and 32.15 USD. Past performance does not guarantee future results.

What do analysts think of Hudbay Minerals?

6 analysts cover it; their average recommendation is “Strong buy” and their average target is 35.02 USD (+35.4% versus the price). It is an estimate, not market data.