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HBM · Hudbay Minerals Inc.

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$20.58 -1.64 (-7.38%) At close · Nov 5
Market Cap
$9.87B
Shares
444.14M
Volume · Nov 5 5.25M Avg daily vol (3M) 4.52M

Price & Indicators

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20d MA 50d MA 200d MA Earnings Filing Insider Congress Investor day
Close$20.58 Open$22.35 Day$19.99–22.50 52W close$14.58–31.87 Avg vol 30d4.7M Short int9.9M · 2.2% of shares · 2.3d Short vol40% Last earningsNov 12, 2026 DataJan 2020–Nov 2026

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Nov 12, 2026 Announced · in 1 wks
Nov 12, 2026 Scheduled · in 1 wks

Latest documents

2026
Oct 30
Current report 6-K
Copper World construction approved with production targeted for 2029

Hudbay Minerals Inc. and Mitsubishi Corporation approved construction of Copper World, targeting first production in the second half of 2029. Initial growth capital expenditures are approximately $2,070 million, net of equipment financing, in 2026 dollars and on a 100% basis.

3 source passages
On October 21, 2026, Hudbay and its joint venture partner Mitsubishi Corporation ("Mitsubishi") announced the final investment decision to proceed with the construction and development of the Copper World project ("Copper World"). First production at Copper World is targeted for the second half of 2029. As part of the final investment decision made by Hudbay and Mitsubishi, the parties approved initial growth capital expenditures of approximately $2,070 million (net of equipment financing), in 2026 dollars and on a 100% basis. Open the document at this passage
Oct 23
Current report 6-K
Current report

Hudbay Minerals Inc.’s 2026 Definitive Feasibility Study found its 70%-owned Copper World project economically viable in the 15-year Base Case, with major permits secured; a 37-year Extension Case requires federal permits and is not the selected option.

Read from the first part of this long document
Oct 21
Current report 6-K
Current report

Hudbay Minerals Inc. and Mitsubishi approved construction of the 70%-owned Copper World project in Arizona, targeting first production in the second half of 2029; growth capital is $2.07 billion and average copper production is 102,000 tonnes over the first 10 years.

Read from the first part of this long document
Sep 28
Current report 6-K
Current report

Hudbay Minerals Inc. updated Snow Lake’s plan to extend reserve mine life to 2043, target average annual gold production of 185,000 ounces for 2026-2030, and increase life-of-mine gold production 60% to 2.8 million ounces.

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All documents

Metrics snapshot

Useful current figures from the complete screener profile.

Revenue (TTM)
$2.47B
Trailing 12 months
Net income (TTM)
$678.20M
Trailing 12 months
Revenue growth YoY
+17.7%
Year over year
Operating margin
44.7%
Trailing 12 months
P / E (TTM)
14.6
Trailing earnings · reciprocal yield 6.9%
FCF yield
—
TTM · current market cap
Return on invested capital
13.5%
Trailing 12 months
Net cash
$30.70M
Latest balance sheet
Dividend yield
0.1%
Trailing 12 months
Shares change YoY
+0.1%
Year over year · more shares
Price change (1Y)
+49.6%
Trailing year
Short interest
2.2%
Latest settlement · 2.3 days to cover
View all 122 metrics

Equibles Rating

blended score · not investment advice
Overall
Sell
SellHoldBuy
Technical Sell Momentum Weak Sentiment Neutral Fundamentals Limited Quant / Vol Very High
Market backdrop VIX 28.2 · fear Equity put/call 0.44
Technical
price trend
Sell
50 / 200-day cross No cross
Price vs 200-day avg −17%
below
Price vs 50-day avg −19%
below
RSI (14) 32
neutral
MACD trend Negative
52-week position 35%
mid-range
Volume (OBV) Confirms
volume backs price
Momentum
relative strength
Weak
1-month return −19%
trailing
6-month return −18%
trailing
YTD return +4%
this year
Relative strength −17%
vs S&P · 6-mo
Sentiment
smart money
Neutral
Trend (MA cross) No cross
50d $26 › 200d $25 — 50d above 200d
Institutional flow Distributing
118 of 321 funds reported for Sep 30 · net -2.2M sh shares · +21 new
Insider flow Flat
No net insider activity over 90 days
Short interest Rising
2.22% of shares out · ▲ +12.6% MoM · 2.3 days cover
Volume signal Normal
Volume near normal
Institution breadth Multi-yr high
321 holders — near 3-yr high, broad support
Squeeze score 62
elevated · 0–100
Fundamentals
Limited
Not enough data for a confident read.
Quant / Vol
risk profile
Very High
Volatility 62%
annualized · 1-yr
Max drawdown −36%
past year
ATR 6.0%
of price · 14-day

Blended from price, momentum, positioning, fundamentals & volatility · daily-close · not investment advice. Market backdrop is context, not part of the score.

Guidance & track record

Latest guidance · from the Earnings Call filed Jul 29, 2026
second half of 2026
Cactus project spending $30M
next year
Copper production growth 24%

Guidance from company 8-Ks · delivered figures from as-reported statements · no analyst estimates involved.

Technicals

trend & momentum for long-term holders Sell
3 · 4 · 0
50 / 200-day cross
No cross Neutral
Price vs 200-day avg
−17% Bearish
Price vs 50-day avg
−19% Bearish
RSI (14)
32 Neutral
MACD trend
Negative Bearish
52-week position
35% Neutral
Volume (OBV)
Confirms Neutral
Market signals — smart money & positioning
Bearish · 2 of 6
Trend (MA cross) No cross
50d $26 › 200d $25 — 50d above 200d
Institutional flow Distributing
118 of 321 funds reported for Sep 30 · net -2.2M sh shares · +21 new
Insider flow Flat
No net insider activity over 90 days
Short interest Rising
2.22% of shares out · ▲ +12.6% MoM · 2.3 days cover
Volume signal Normal
Volume near normal
Institution breadth Multi-yr high
321 holders — near 3-yr high, broad support
Price context
position in its 52-week range
Range low $15 Now $21 · 35% Range high $32
vs 200-day avg -17% vs 50-day avg -19%

Illustrative technical + ownership context — a signal mix, not investment advice.

Versus peers

Copper — same industry group
Open screener →
Company Mkt cap YTD Rev growth Y/Y P/E Short % shares
HBM
Hudbay Minerals Inc.
this stock
$9.87B +3.7% — — 2.2%
SCCO
Southern Copper Corp
$141.12B — +23.7% 22.2 1.2%
FCX
Freeport-Mcmoran Inc
$83.15B +14.0% +1.8% — 1.8%
TECK
Teck Resources Ltd
$29.42B +25.1% — — 2.8%
GUNN
Gunnison Copper Corp.
$3.77B — — — 0.3%

Peers by industry group · P/E from as-reported trailing EPS · short % is of shares outstanding

At a glance

key data from every section
Ownership
Institutional Holders Reducing
Holders
323
% held
74.7%
Reported
118 of 321
Top holder
FIL Ltd
Held Float
View
Held by Funds
Fund positions
217
View
Short & Settlement
Short Interest Rising
Shares short
9.9M
Days to cover
2.3d
Change
+1.1M sh
View
Short Volume
Short vol %
40%
As of
Nov 5, 2026
Short Total
View
Fails to Deliver
FTD shares
26.3K
Value
$709.7K
As of
Sep 30, 2026
View
Off-Exchange
Off-exchange %
33.8%
Week of
Sep 28, 2026
Off-exch Lit
View
Filings
SEC Filings
Latest
6-K
Filed
Oct 30, 2026
This year
30

Hudbay Minerals Inc. and Mitsubishi Corporation approved construction of Copper World, targeting first production in the second half of 2029. Initial growth capital expenditures are approximately $2,070 million, net of equipment financing, in 2026 dollars and on a 100% basis.

View
Proposed Sales
Value
$583.2K
Shares
20.0K
Filed
Jun 16, 2026
View
Earnings & Events
Webcasts Upcoming
Next webcast
Nov 12, 2026
Last webcast
Oct 21, 2026
View
Investor Relations
Latest news
Hudbay and Mitsubishi Approve Cop…
Published
Oct 21, 2026
Upcoming events
2
View

Performance

5D 20D 120D MTD YTD
HBM -11.9% -18.9% -17.5% -5.2% +3.7%
SPY -4.7% -5.3% -0.8% -3.0% +7.5%
vs SPY -7.2% -13.7% -16.7% -2.2% -3.8%

Capital returns

Latest dividend
$0.007 / share · ex Sep 8, 2026
Cut 12.5%
Paid (TTM)
$0.021 / share · 3 payouts
Dividend yield (TTM, derived)
0.10%
Full dividend history

Dividends per share over the trailing 365 days by ex-date · buyback figures as last reported in SEC filings ("spent" derived as authorized − remaining; when several programs run concurrently, authorized is their combined total per the newest filing) · components shown separately — trailing-year buyback spend isn't tracked, so no combined shareholder yield is derived.

Key facts CIK 1322422 CUSIP 443628102 13F (30d) 113 filings 100 filers Visit website Investor relations