# Hudbay Minerals Inc. (HBM)

> Source: Nexqual · https://nexqual.com/HBM · data as of 2026-10-22 20:00 UTC · cite as "Nexqual, Hudbay Minerals Inc. (HBM), nexqual.com/HBM" · informational, not investment advice.

**Price:** USD 21.89 (-8.75% on the day) · last close of Oct 22, 2026; US market pre market, not a live price. Prev close 23.99 · day 21.64–22.76 · 52w 14.34–32.15 · market cap $9.72B · NYQ

## Key facts
- Analysts: Buy (mean 1.70 on a 1–5 scale) (23 analysts), mean target USD 34.77 (range 31.5–43).
- Total return with dividends: 1Y +42.0% vs S&P 500 +14.9%; 5Y +206.5% vs S&P 500 +80.3%.
- Next earnings: 2026-11-12, EPS estimate USD 0.34, revenue estimate $737M.

## Analysts
Consensus Buy (mean 1.70 on a 1–5 scale), 23 analysts; mean target USD 34.77 (low 31.5, high 43).
Rating changes, last 120 days:
| Date | Firm | Action | Rating | Price target |
|---|---|---|---|---|
| 2026-07-16 | Barclays | Target raised | Overweight | $30 → $32 |
| 2026-07-09 | B of A Securities | Target lowered | Buy | $33.5 → $29.5 |

## Total return (dividends reinvested)
|  | 1Y (from 2025-10-23) | 5Y (from 2021-10-18) |
|---|---|---|
| Total return | +42.0% | +206.5% |
| S&P 500 (SPY) | +14.9% | +80.3% |
| Per year | +42.2% | +25.0% |
| Volatility (annualized) | 62.6% | 55.0% |
| Max drawdown | -36.2% (Feb 2026→Mar 2026) | -61.3% (Mar 2022→Jul 2022) |

## Peers (Copper)
TECK (Teck Resources Ltd) USD 58.9 -6.18% · ERO (Ero Copper Corp.) USD 30.13 -5.81% · TGB (Trekor Metals Limited) USD 7.3 -8.29% · IE (Ivanhoe Electric Inc.) USD 7.89 -7.07% · FCX (Freeport-McMoRan, Inc.) USD 64.59 -6.26% · SCCO (Southern Copper Corporation) USD 183.59 -7.31%

## More
Full page: https://nexqual.com/HBM · Free keyless MCP server with the same data and citations: https://mcp.nexqual.com/mcp · Guide for agents: https://nexqual.com/agents · https://nexqual.com/llms.txt

## Supply chain and relationships (SEC annual reports)


Other companies that name HBM in their own reports (relationship from HBM's side):

| Relationship | Company | Their filing | Sentence |
|---|---|---|---|
| customer | Foremost Clean Energy Ltd. (FMST) | 20-F 2026-06-30 | "The surrounding region has extensive mining history and infrastructure, including nearby mining operations operated by Hudbay Minerals Inc. The Company believes the area provides access to experienced…" |

## Analyst estimates and revisions

| Period | EPS est. | 90d ago | Change | Revenue est. | Analysts |
|---|---|---|---|---|---|
| Current quarter (ends 2026-09-30) | $0.34 | $0.38 | -8.9% | $737.4M | 15 |
| Next quarter (ends 2026-12-31) | $0.41 | $0.41 | -0.0% | $796.3M | 11 |
| Current fiscal year (ends 2026-12-31) | $1.48 | $1.39 | +6.7% | $2.94B | 17 |
| Next fiscal year (ends 2027-12-31) | $2.03 | $1.82 | +11.7% | $3.38B | 16 |