Hudbay Minerals (HBM)
Operates copper mines in Canada and Peru alongside an Americas project pipeline.
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Produces copper, gold, zinc, silver, and molybdenum through Constancia, Snow Lake, and Copper Mountain. Its Americas-focused model pairs operating mines in Canada and Peru with development projects in the United States and Peru, while permitting and transport access shape execution.
Produces copper as its primary metal, alongside gold and by-product zinc, silver, and molybdenum. The operating portfolio centers on Constancia in Peru, Snow Lake in Manitoba, and Copper Mountain in British Columbia.
Runs an Americas-focused model combining mine operations, exploration, project development, and partnership-backed expansion. The pipeline includes Copper World and Cactus in Arizona, Mason in Nevada, Llaguen in Peru, plus opportunities near existing operations.
Depends on mine execution across Canada and Peru, output from polymetallic deposits, and permits and community access around growth projects and transport routes. Federal-land approvals have constrained Rosemont, while Constancia has faced recurring corridor blockades; Copper World’s later federal-land expansion would require federal permitting.
Company facts
Target rangeAs of Sep 22, 2026
Latest analyst notes
| Date | Firm | Action | Prior | Current |
|---|---|---|---|---|
| Aug 4, 2026 | William Blair | Initiate | Rating: — | |
| Aug 4, 2026 | RBC Capital | Initiate | Rating: — | |
| Jul 15, 2026 | Barclays | Reiterate | Rating: —Target: $30 | Target: $32 |
| May 21, 2026 | Barclays | Target | Target: — | Target: $30 |
EPSReportedEstimate
RevenueReportedEstimate
Balance sheet, Jun 30, 2026Cash & short-term investments $939.9M · Total debt $912.1M · Total assets $8.05B · Shareholders' equity $4.79B
- Revenue
- $651.0M
- Operating income
- $236.2M
- Net income
- $133.9M
HistoryDividendAnnual yield
| Institutions | 74.23% | 329.65M ADS | |
|---|---|---|---|
| 341 holders · as of Jun 30, 2026 | |||
| Other | 25.77% | 114.47M ADS | |
| remainder | |||
444.12M ADS as of Sep 5, 2026 · institutions as of Jun 30, 2026 · holders as of their latest filing
Some positions are filed in underlying shares, not receipts; the ratio is unknown, so no percentage.
Top shareholders13F · 13D/G · Form 4
| Holder | Stake | Shares | Date |
|---|---|---|---|
FIL LtdInstitution | 6.37% | 28.30M ADS | as of Jun 30, 2026 |
Mirae Asset Global Etfs Holdings Ltd.Institution | 4.49% | 19.92M ADS | as of Jun 30, 2026 |
GMT Capital CorpInstitution | 4.12% | 18.28M ADS | as of Jun 30, 2026 |
Hancock Prospecting PTY LtdInstitution | 3.58% | 15.89M ADS | as of Jun 30, 2026 |
Royal Bank of CanadaInstitution | 3.33% | 14.81M ADS | as of Jun 30, 2026 |
Insider tradesForm 4
Nothing filed in the last 12 months.
- Teck
Larger copper-and-zinc rival sharing Canadian and Peruvian exposure
- Ero Copper
Smaller copper-and-gold producer competing through Brazilian growth
- Trekor Metals
Focused overlap in British Columbia and Arizona copper assets
Compare
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| Hudbay Minerals | $26.77 | −3.51% | $12.32B | 16.4 | 14.9 | 5.0 | +17.7% |
| Teck | $66.04 | −4.12% | $33.27B | 19.1 | 20.7 | 3.4 | +70.8% |
| Ero Copper | $36.33 | −2.57% | $3.89B | 12.6 | 8.1 | 3.7 | +73.9% |
| Trekor Metals | $8.91 | −4.86% | $3.42B | — | 10.8 | — | +275.3% |
| Median | 15.9 | 10.8 | 3.5 | +73.9% |