Hudbay Minerals
Operates copper mines in Canada and Peru alongside an Americas project pipeline.
Something off on this page? Send us feedback.
Profile
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
Key statistics
Year to date +45.7% · Average volume (30d) 4.2M
Analysts
Ratings
Target range
Latest analyst notes
| Date | Firm | Action | Rating | Prior target | Target |
|---|---|---|---|---|---|
| Aug 4, 2026 | William Blair | Initiate | Outperform | ||
| Aug 4, 2026 | RBC Capital | Initiate | Outperform | ||
| Jul 15, 2026 | Barclays | Reiterate | Overweight | $30 | $32 |
| May 21, 2026 | Barclays | Target | $30 |
Earnings
EPS
Revenue
History
| Report date | EPS est | EPS | Surprise | Revenue est | Revenue | Surprise | Next session |
|---|---|---|---|---|---|---|---|
| Jul 29, 2026Q2 FY26 | $0.26 | $0.28 | +8.4% | $632.4M | $631.3M | −0.2% | +3.50% |
| May 1, 2026Q1 FY26 | $0.34 | $0.40 | +17.6% | $684.7M | $757.3M | +10.6% | −4.52% |
| Feb 20, 2026Q4 FY25 | $0.40 | $0.22 | −45.0% | $736.4M | $732.9M | −0.5% | +4.32% |
| Nov 12, 2025Q3 FY25 | $0.06 | $0.03 | −50.0% | $715.6M | $346.8M | −51.5% | −6.65% |
Financial highlights
| 12 quarters | Q1 FY25 | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | |
|---|---|---|---|---|---|---|---|
| Revenue | $594.9M | $536.4M | $346.8M | $732.9M | $757.3M | $651.0M | |
| Gross profit | $231.3M | $176.5M | $65.3M | $270.1M | $368.0M | $266.8M | |
| Operating income | $182.2M | $151.8M | $10.4M | $217.2M | $302.6M | $236.2M | |
| Net income | $100.4M | $117.7M | $222.4M | $128.0M | $190.4M | $133.9M | |
| Diluted EPS | $0.25 | $0.30 | $0.56 | $0.33 | $0.47 | $0.33 | |
| Gross margin | 38.9% | 32.9% | 18.8% | 36.9% | 48.6% | 41.0% | |
| Operating margin | 30.6% | 28.3% | 3.0% | 29.6% | 40.0% | 36.3% |
Fiscal years (4-quarter sums)FY21 $1.50B · FY22 $1.46B · FY23 $1.69B · FY24 $2.02B · FY25 $2.21B
Balance sheet, Jun 30, 2026Cash & short-term investments $939.9M · Total debt $912.1M · Total assets $8.05B · Shareholders' equity $4.79B
Dividends
Last raised to $0.01 from $0.0074 in Jun 2026. To collect a payout, hold shares through the close before the ex-date.
History
| Ex-date | Record | Paid | Amount | Note |
|---|---|---|---|---|
| Jun 9, 2026 | Jun 9 | Jun 26 | $0.01 | raised from $0.0074 |
| Mar 10, 2026 | Mar 10 | Mar 27 | $0.0074 | raised from $0.0073 |
| Sep 2, 2025 | Sep 2 | Sep 19 | $0.0073 | raised from $0.0069 |
| Mar 4, 2025 | Mar 4 | Mar 21 | $0.0069 | cut from $0.0074 |
| Sep 3, 2024 | Sep 3 | Sep 20 | $0.0074 | |
| Mar 4, 2024 | Mar 5 | Mar 22 | $0.0074 | |
| Aug 31, 2023 | Sep 1 | Sep 22 | $0.0074 | raised from $0.0073 |
| Mar 6, 2023 | Mar 7 | Mar 24 | $0.0073 | cut from $0.0076 split-adjusted |
Ownership
Shares outstanding 444.12M · Float 427.44M · 96.3% free float
Top shareholders13F · 13D/G · Form 4
| Holder | Shares | % outstanding | Form | Filed |
|---|---|---|---|---|
| FIL Ltd | 28.30M | 6.37% | 13F | Aug 13, 2026 |
| Mirae Asset Global Etfs Holdings Ltd. | 19.92M | 4.49% | 13F | Aug 14, 2026 |
| GMT Capital Corp | 18.28M | 4.12% | 13F | Aug 14, 2026 |
| Hancock Prospecting PTY Ltd | 15.89M | 3.58% | 13F | Aug 14, 2026 |
| Royal Bank of Canada | 14.81M | 3.33% | 13F | Aug 14, 2026 |
Insider tradesForm 4
Nothing filed in the last 12 months.
View detailsPeers
- 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
CompareAfter-hours close
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| Hudbay Minerals | $29.00 | −1.01% | $13.01B | 17.3 | 16.2 | 5.2 | +17.7% |
| Teck | $69.57 | +0.33% | $33.49B | 19.0 | 21.0 | 3.3 | +70.8% |
| Ero Copper | $38.45 | −0.97% | $4.05B | 13.1 | 8.2 | 3.9 | +73.9% |
| Trekor Metals | $9.08 | −1.18% | $3.36B | 850.0 | 10.9 | 5.3 | +95.4% |
| Median | 19.0 | 10.9 | 3.9 | +73.9% |