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Hudbay Minerals Inc. (HBM)



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Upturn Advisory Summary
09/17/2025: HBM (4-star) is a STRONG-BUY. BUY since 21 days. Simulated Profits (25.07%). Updated daily EoD!
1 Year Target Price $14.09
1 Year Target Price $14.09
8 | Strong Buy |
8 | Buy |
0 | Hold |
0 | Sell |
0 | Strong Sell |
Analysis of Past Performance
Type Stock | Historic Profit 77.63% | Avg. Invested days 36 | Today’s Advisory Regular Buy |
Upturn Star Rating ![]() ![]() | Upturn Advisory Performance ![]() | Stock Returns Performance ![]() |
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Key Highlights
Company Size Mid-Cap Stock | Market Capitalization 5.35B USD | Price to earnings Ratio 18.52 | 1Y Target Price 14.09 |
Price to earnings Ratio 18.52 | 1Y Target Price 14.09 | ||
Volume (30-day avg) 16 | Beta 2.09 | 52 Weeks Range 5.95 - 13.96 | Updated Date 09/17/2025 |
52 Weeks Range 5.95 - 13.96 | Updated Date 09/17/2025 | ||
Dividends yield (FY) 0.10% | Basic EPS (TTM) 0.73 |
Analyzing Revenue: Products, Geography and Growth
Revenue by Geography
Earnings Date
Report Date - | When - | Estimate - | Actual - |
Profitability
Profit Margin 13.12% | Operating Margin (TTM) 28.09% |
Management Effectiveness
Return on Assets (TTM) 6.65% | Return on Equity (TTM) 10.41% |
Valuation
Trailing PE 18.52 | Forward PE 17.09 | Enterprise Value 5902545996 | Price to Sales(TTM) 2.43 |
Enterprise Value 5902545996 | Price to Sales(TTM) 2.43 | ||
Enterprise Value to Revenue 2.68 | Enterprise Value to EBITDA 5.75 | Shares Outstanding 395679988 | Shares Floating 348463495 |
Shares Outstanding 395679988 | Shares Floating 348463495 | ||
Percent Insiders 0.08 | Percent Institutions 80.14 |
Upturn AI SWOT
Hudbay Minerals Inc.

Company Overview
History and Background
Hudbay Minerals Inc. was founded in 1927. Originally focused on base metal mining in Manitoba, Canada, it has evolved through acquisitions and project development to become a diversified international mining company.
Core Business Areas
- Mining Operations: Hudbay operates copper, zinc, gold, and silver mines and concentrators primarily in North and South America.
- Exploration and Development: Hudbay focuses on exploration and development of new mineral deposits and expansion of existing operations.
Leadership and Structure
The company is led by a board of directors and an executive management team. Peter Kukielski is the President and CEO. The organizational structure is hierarchical, with functional departments supporting mining operations and project development.
Top Products and Market Share
Key Offerings
- Copper Concentrate: Hudbay's primary product. It has a global copper concentrate market share of approximately 1% in 2023 (estimated based on production volume relative to total global copper production). Competitors include BHP (BHP), Rio Tinto (RIO), Freeport-McMoRan (FCX).
- Zinc Concentrate: Zinc is another significant product. Hudbay's global zinc concentrate market share is around 0.5% (estimated based on production volume relative to total global zinc production). Competitors include Glencore (GLNCY), Teck Resources (TECK).
- Gold: Gold is produced as a byproduct of Hudbay's copper and zinc mining. Contributes to revenue stream, though no major market share. Barrick Gold (GOLD) is a competitor
Market Dynamics
Industry Overview
The mining industry is cyclical and influenced by global economic conditions, commodity prices, and geopolitical factors. Demand for base metals is driven by industrial production, infrastructure development, and the transition to renewable energy.
Positioning
Hudbay is a mid-tier base metals producer with assets in politically stable jurisdictions. Its competitive advantages include low-cost operations at some of its mines and a pipeline of development projects.
Total Addressable Market (TAM)
The global copper market is estimated to be worth over $200 billion. Hudbay's TAM is limited by its production capacity, but it aims to expand its market share through organic growth and acquisitions.
Upturn SWOT Analysis
Strengths
- Diversified production base (copper, zinc, gold, silver)
- Low-cost operations at some mines
- Significant exploration potential
- Assets in politically stable regions
Weaknesses
- Reliance on commodity prices
- Project development risks
- Higher debt levels compared to peers
- Operational challenges at some sites
Opportunities
- Increasing demand for copper due to electrification
- Advancement of development projects
- Potential acquisitions of undervalued assets
- Cost reduction initiatives
Threats
- Fluctuations in commodity prices
- Geopolitical risks
- Environmental regulations
- Labor disputes
- Inflationary pressures
Competitors and Market Share
Key Competitors
- FCX
- BHP
- RIO
- GLNCY
- SCCO
Competitive Landscape
Hudbay's competitive advantage lies in its low-cost mines and development projects. Disadvantages include a smaller scale compared to major diversified miners and reliance on commodity prices. Hudbay focuses on copper and its diversified portfolio
Major Acquisitions
Capstone Mining Corp
- Year: 2023
- Acquisition Price (USD millions): 810
- Strategic Rationale: Expands copper production capacity and diversifies asset base with addition of Pinto Valley mine in Arizona and Mantos Blancos mine in Chile.
Growth Trajectory and Initiatives
Historical Growth: Hudbay's growth has been driven by acquisitions and project development, resulting in fluctuating revenue and earnings based on commodity cycles and operations
Future Projections: Analysts project revenue growth for Hudbay based on increased production from ongoing projects and higher commodity prices. Estimates vary based on market conditions. These projections are unreliable as they are based on market conditions.
Recent Initiatives: Recent initiatives include the development of the Copper World project in Arizona and ongoing exploration activities at its existing mines. Development delays in some projects and focus on shareholder value are strategic objectives.
Summary
Hudbay Minerals is a mid-tier base metals producer with a diversified asset base and focus on copper. Its strengths include low-cost operations and growth potential from ongoing projects. However, it faces challenges from commodity price volatility and project execution risks. The acquisition of Capstone should help, but the future relies heavily on copper prices.
Peer Comparison
Sources and Disclaimers
Data Sources:
- Company filings, analyst reports, industry publications, third-party financial data providers. Market share data estimated from publicly available information.
Disclaimers:
This analysis is based on publicly available information and general knowledge of the industry. Financial data is illustrative and may not be current. Market share estimates are approximate. Investment decisions should be based on thorough due diligence and consultation with a financial advisor.
AI Summarization is directionally correct and might not be accurate.
Summarized information shown could be a few years old and not current.
Fundamental Rating based on AI could be based on old data.
AI-generated summaries may have inaccuracies (hallucinations). Please verify the information before taking action.
About Hudbay Minerals Inc.
Exchange NYSE | Headquaters Toronto, ON, Canada | ||
IPO Launch date 2009-02-13 | President, CEO & Director Mr. Peter Gerald Jan Kukielski Bsc, Msc | ||
Sector Basic Materials | Industry Copper | Full time employees - | Website https://www.hudbayminerals.com |
Full time employees - | Website https://www.hudbayminerals.com |
Hudbay Minerals Inc., a diversified mining company, focuses on the exploration, development, operation, and optimization of properties in North and South America. It produces and sells copper concentrates containing copper, gold, and silver; silver/gold doré; zinc concentrates containing zinc and gold; and molybdenum concentrates. The company's flagship project is the Constancia mine located in Cusco in Peru. Hudbay Minerals Inc. is based in Toronto, Canada.

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