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Hudbay Minerals Inc.(HBM)
Top performer 
Advisory History & Simulated Performance *
*as per simulation (see disclosures)- ALL
- 1Y
- 1M
- 1W
- BUY Advisory
- SELL Advisory (Profit)
- SELL Advisory (Loss)
- Profit
- Loss
- PASS (Skip)
Stock price based on last close Advisory Performance History (Simulated)
Upturn Advisory & Investor View for HBM
11/06/2026: HBM (5-star) is currently NOT-A-BUY. Pass it for now.
Hudbay Minerals is a diversified mid-cap mining company that primarily produces copper, with gold and zinc as important byproducts. Its key strengths include a geographically stable asset base in North and South America and a clear growth pipeline centered on the Copper World project. While it offers strong leverage to long-term copper demand, it faces risks related to commodity price cycles, capital-intensive expansion, and regulatory hurdles. The stock is best suited for growth-oriented investors with a high tolerance for volatility who are looking for copper exposure. Market participants should monitor project permitting timelines and copper price trends as primary catalysts.
How to Read the Upturn Advisory
The Upturn Star Rating and the current BUY, SELL, or PASS advisory are generated by Upturn’s AI advisory engine based on proprietary signal analysis, price behavior, advisory history, and historical signal performance.
Company fundamentals, valuation, risks, and news provide supporting context about the business.
Investor Fit
| Investor style | Fit | Why |
|---|---|---|
| Growth investor | Strong fit | Hudbay offers significant production growth potential through its current development pipeline. |
| Momentum investor | Mixed fit | Momentum fit is conditional on the underlying copper price trend and positive operational updates. |
| Value investor | Mixed fit | The valuation depends heavily on commodity price cycles and the successful execution of capital-intensive projects. |
| Dividend investor | Weak fit | The company prioritizes reinvestment over dividend income for shareholders. |
| Low-risk investor | Weak fit | The stock experiences high volatility due to commodity price fluctuations and operational mining risks. |
Risk Profile
| Risk factor | Level | Why it matters |
|---|---|---|
| Price volatility | High | The company's revenue is directly dependent on global copper and gold prices. |
| Valuation risk | Medium / high | Equity value can swing significantly based on market sentiment toward mining equities. |
| Competition risk (Base metals) | Medium | Hudbay competes with much larger, lower-cost miners globally. |
| Business quality | Medium | Operations are generally stable but inherently capital-intensive and subject to geological uncertainty. |
| Dividend income | Low | This is not primarily an income-generating stock for dividend seekers. |
| Execution risk | Medium / high | Successfully permitting and building large mines like Copper World is complex and subject to delays. |
Price Behavior
Rolling Over
The price momentum is slowing down and beginning to turn downward.
Choppy
The stock has experienced frequent reversals and pronounced short-term price swings.
Analysis of Past Performance
Type Stock | Historic Profit 172.18% | Avg. Invested days 50 | Today’s Advisory PASS |
Upturn Advisory Rating  | Upturn Advisory Performance  3.0 | Stock Returns Performance  5.0 |
| Profits based on simulation | Last Close 11/06/2026 |
Upturn Scorecard
Upturn Star Rating 
Company Fundamentals
Financial Health Rating
Growth Momentum Score
Ownership
Top 5 Institutional Investors
Unit Economics (Per $1K Revenue)
Economic Dimensions
Quantitative Style Profile
Style Classification
Quality Focused
Key Highlights
Company Size Mid-Cap Stock | Market Capitalization 9.29B USD | Price to earnings Ratio 12.23 | 1Y Target Price 34.77 |
Price to earnings Ratio 12.23 | 1Y Target Price 34.77 | ||
Volume (30-day avg) 4.8M shares | Beta 2.36 | 52 Weeks Range 14.33 - 32.13 | Updated Date 11/07/2026 |
52 Weeks Range 14.33 - 32.13 | Updated Date 11/07/2026 | ||
Dividends yield (FY) 0.10% | Basic EPS (TTM) 1.71 |
How Company Makes Money
| Business area | What it includes | Retail investor read |
|---|---|---|
| Copper Segment | Production and sale of copper concentrate from Constancia, Copper Mountain, and Snow Lake. | Copper prices are the main driver of the company's revenue and profitability. |
| Precious Metals | Gold and silver produced primarily as a byproduct of base metal mining. | These metals help offset the costs of mining copper, providing additional margin. |
| Geography: Americas | Mine operations in Peru, Canada, and development projects in the US. | Geographic spread helps mitigate local operational risks in any single country. |
Analyzing Revenue: Products, Geography and Growth
Revenue by Geography
Geography revenue - Year on Year
Earnings Date
Report Date 2026-11-12 | When Before Market | Estimate 0.35 | Actual - |
Profitability
Profit Margin 27.48% | Operating Margin (TTM) 32.58% |
Management Effectiveness
Return on Assets (TTM) 6.74% | Return on Equity (TTM) 16.74% |
Valuation
Trailing PE 12.23 | Forward PE 11.85 | Enterprise Value 9.40B | Price to Sales(TTM) 3.76 |
Enterprise Value 9.40B | Price to Sales(TTM) 3.76 | ||
Enterprise Value to Revenue 3.81 | Enterprise Value to EBITDA 7.5 | Shares Outstanding 444.14M | Shares Floating 427.53M |
Shares Outstanding 444.14M | Shares Floating 427.53M | ||
Percent Insiders 3.64 | Percent Institutions 78.41 |
Financial Metrics
🧭 Investment Snapshot
Total Revenue (Scale)
Total money earned from selling products or services before any costs. It is needed to understand the scale of the business and its ability to generate income.
Net Income (Profit)
Final profit after all expenses, interest, and taxes are deducted. It is needed to determine the overall profitability available to shareholders.
Free Cash Flow (Cash Strength)
Cash remaining after operating activities and capital expenditures, showing cash available for growth. It is needed to evaluate the company’s ability to invest, pay dividends, or reduce debt.
📈 Growth & Strength
Operating Income (Core Profit)
Profit from core operations after deducting all operating expenses. It is needed to measure how efficiently the company runs its primary business activities.
EBITDA (Cash Earnings)
Earnings before interest, taxes, depreciation, and amortization, indicating operating cash potential. It is needed to compare operating performance across companies without accounting or financing differences.
Gross Profit (Unit Profitability)
Revenue minus cost of revenue, showing profit after direct production costs. It is needed to evaluate core business profitability before overhead expenses.
🛡️ Financial Safety
Cash (Liquidity Buffer)
Total cash and cash equivalents on hand. It is needed to evaluate immediate liquidity and financial flexibility.
Total Debt (Leverage Risk)
Total debt including both short-term and long-term components. It is needed to assess the company’s leverage and financial risk.
Net Working Capital (Short-Term Health)
Current assets minus current liabilities, indicating short-term liquidity strength. It is needed to assess whether the company can meet its short-term obligations.
🧱 Balance Sheet Strength
Stockholder Equity (Net Worth)
Total equity value held by shareholders. It is needed to understand the net worth of the company from the owners’ perspective.
Total Assets (Asset Base)
The full value of everything the company owns, including cash, inventory, equipment, and investments. It is needed to understand the resource base used to generate revenue.
Income Before Tax (Pre-Tax Earnings)
Income before provision for income taxes. It is needed to analyze profitability independent of tax structures.
⚙️ Cost & Drag Factors
Cost of Revenue (Production Cost)
Direct costs required to produce and deliver the products or services sold. It is needed to assess efficiency in production and service delivery.
Total Operating Expenses (Operating Cost)
Indirect costs of running the business such as salaries, marketing, and administration. It is needed to understand how much it costs to sustain ongoing business operations.
Income Tax Expense (Tax Drag)
Amount of taxes paid or payable to the government. It is needed to evaluate the impact of taxation on overall profitability.
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