Hudbay Minerals Inc.
HBM
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Bull / bear case
Site-generated summary from fundamentals, news, and score — not investment advice. As of 2026-10-08.
- Hudbay Minerals Inc. operates in a competitive copper industry, which is expected to see increased demand due to global infrastructure projects and the transition to renewable energy.
- The company reported a revenue of $631.3 million in Q2 2026, despite a 17% decrease from the previous quarter.
- Hudbay's profit margin stands at 27.5%, showcasing its ability to maintain profitability even in fluctuating market conditions.
- The copper industry is subject to regulatory challenges and price volatility, which can impact Hudbay's financial performance.
- Hudbay's operating margin compressed to 32.4% in Q2 2026, down from 39.9% in Q1 2026, indicating potential operational inefficiencies.
- The company's net income decreased to $137.4 million in Q2 2026 from $190.4 million in Q1 2026, reflecting a concerning downward trend.
Fundamentals
| Market cap | $11.28B | Enterprise value | $11.89B | Trailing P/E | 14.85 | Forward P/E | 12.71 |
| PEG | — | Price / book | 2.35 | Beta | 2.33 | Dividend yield | 0.11% |
| Revenue growth | 17.7% | Earnings growth | 14.1% | Gross margin | 56.6% | Operating margin | 32.6% |
| Profit margin | 27.5% | ROE | 16.7% | ROA | 6.7% | Debt / equity | 0.20 |
| Current ratio | 2.24 | Free cash flow | $450.24M | Analyst recommendation | strong_buy | Mean target | $35.02 |
| 52w high | $32.15 | 52w low | $14.34 |
Quarterly
| 2026-Q2 | 2026-Q1 | 2025-Q4 | 2025-Q3 | 2025-Q2 | 2025-Q1 | |
|---|---|---|---|---|---|---|
| Revenue | $631M | $757M | $733M | $347M | $536M | — |
| Op margin | 32.4% | 40.0% | 29.6% | 3.0% | 28.3% | — |
| Net income | $137M | $190M | $128M | $222M | $118M | — |
| Gross margin | 42.6% | 48.6% | 36.9% | 18.8% | 32.9% | — |
| Gross profit | $269M | $368M | $270M | $65.3M | $177M | — |
| Operating income | $205M | $303M | $217M | $10.4M | $152M | — |
- Revenue -17% vs prior quarter ($631M vs $757M).
- Gross margin 42.6% (was 48.6% prior quarter).
- Operating margin compressed to 32.4%.
Yearly (6y)
| 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|
| Revenue | $2.2B | $2.0B | $1.7B | $1.5B | — |
| Op margin | 25.4% | 20.7% | 17.8% | 20.7% | — |
| Net income | $569M | $76.7M | $66.4M | $70.4M | — |
| Gross margin | 33.6% | 27.4% | 23.2% | 18.9% | — |
| Gross profit | $743M | $554M | $393M | $277M | — |
| Operating income | $562M | $418M | $300M | $303M | — |
No flags
• No distress or material-risk keywords in recent headlines (keyword scan only — not a guarantee).
News
2026-10-08 · UBS Adjusts Price Target on Hudbay Minerals to CA$46 From CA$43, Maintains Buy Rating
2026-10-06 · HudBay Minerals (HBM) Stock Drops Despite Market Gains: Important Facts to Note
2026-10-01 · Gunnison Copper adds former Hudbay operations chief to board, becomes debt-free
2026-10-01 · Gunnison Copper Appoints Former Hudbay Minerals COO Andre Lauzon to Board of Directors
2026-09-30 · Why HudBay Minerals (HBM) Dipped More Than Broader Market Today
2026-09-29 · Hudbay Minerals Targets Copper Growth as Snow Lake Gold Reserves Surge 60%
2026-09-28 · Hudbay Minerals Raises Estimates for Manitoba Gold Mine
2026-09-28 · Hudbay Minerals Releases Updated Mine Plan for Snow Lake Operations
2026-09-24 · HudBay Minerals (HBM) Dips More Than Broader Market: What You Should Know
2026-09-19 · Why Is Hudbay Minerals (TSX:HBM) In Focus As Copper Hits Record Prices?
Price (daily)
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