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Hudbay Minerals (HBM) Competitors

Hudbay Minerals logo
C$37.79 -1.29 (-3.30%)
As of 09/23/2026 04:24 PM Eastern

HBM vs. FM, LUN, CS, KAT, and ERO

Should you buy Hudbay Minerals stock or one of its competitors? Hudbay Minerals's main competitors and comparable companies include First Quantum Minerals (FM), Lundin Mining (LUN), Capstone Copper (CS), Katanga Mining Limited (KAT.TO) (KAT), and Ero Copper (ERO). Companies are selected based on similarities in market, industry, and size. These companies are all part of the "copper" industry.

How does Hudbay Minerals compare to First Quantum Minerals?

First Quantum Minerals (TSE:FM) and Hudbay Minerals (TSE:HBM) are both large-cap materials companies, but which is the better business? We will compare the two companies based on the strength of their profitability, institutional ownership, valuation, risk, analyst recommendations, media sentiment, earnings and dividends.

First Quantum Minerals has a beta of 1.42897, indicating that its stock price is 43% more volatile than the broader market. Comparatively, Hudbay Minerals has a beta of 2.30667, indicating that its stock price is 131% more volatile than the broader market.

70.7% of First Quantum Minerals shares are held by institutional investors. Comparatively, 44.6% of Hudbay Minerals shares are held by institutional investors. 19.4% of First Quantum Minerals shares are held by company insiders. Comparatively, 0.1% of Hudbay Minerals shares are held by company insiders. Strong institutional ownership is an indication that large money managers, endowments and hedge funds believe a stock will outperform the market over the long term.

Hudbay Minerals has lower revenue, but higher earnings than First Quantum Minerals. First Quantum Minerals is trading at a lower price-to-earnings ratio than Hudbay Minerals, indicating that it is currently the more affordable of the two stocks.

CompanyGross RevenuePrice/Sales RatioNet IncomeEarnings Per SharePrice/Earnings Ratio
First Quantum MineralsC$5.75B6.56-C$1.05B-C$0.09N/A
Hudbay MineralsC$2.47B6.80C$69.59MC$1.6323.21

In the previous week, First Quantum Minerals had 1 more articles in the media than Hudbay Minerals. MarketBeat recorded 6 mentions for First Quantum Minerals and 5 mentions for Hudbay Minerals. First Quantum Minerals' average media sentiment score of 0.41 beat Hudbay Minerals' score of 0.37 indicating that First Quantum Minerals is being referred to more favorably in the media.

Company Very Positive Positive Neutral Negative Very Negative Overall Sentiment
First Quantum Minerals
1 Very Positive mention(s)
2 Positive mention(s)
1 Neutral mention(s)
0 Negative mention(s)
0 Very Negative mention(s)
Neutral
Hudbay Minerals
1 Very Positive mention(s)
0 Positive mention(s)
4 Neutral mention(s)
0 Negative mention(s)
0 Very Negative mention(s)
Neutral

First Quantum Minerals presently has a consensus target price of C$46.34, indicating a potential upside of 2.60%. Hudbay Minerals has a consensus target price of C$41.78, indicating a potential upside of 10.56%. Given Hudbay Minerals' stronger consensus rating and higher probable upside, analysts plainly believe Hudbay Minerals is more favorable than First Quantum Minerals.

Company Sell Ratings Hold Ratings Buy Ratings Strong Buy Ratings Rating Score
First Quantum Minerals
0 Sell rating(s)
3 Hold rating(s)
10 Buy rating(s)
1 Strong Buy rating(s)
2.86
Hudbay Minerals
0 Sell rating(s)
1 Hold rating(s)
9 Buy rating(s)
2 Strong Buy rating(s)
3.08

Hudbay Minerals has a net margin of 27.22% compared to First Quantum Minerals' net margin of -1.44%. Hudbay Minerals' return on equity of 18.41% beat First Quantum Minerals' return on equity.

Company Net Margins Return on Equity Return on Assets
First Quantum Minerals-1.44% -0.73% 2.31%
Hudbay Minerals 27.22%18.41%4.78%

Summary

Hudbay Minerals beats First Quantum Minerals on 11 of the 17 factors compared between the two stocks.

How does Hudbay Minerals compare to Lundin Mining?

Lundin Mining (TSE:LUN) and Hudbay Minerals (TSE:HBM) are both large-cap materials companies, but which is the better stock? We will compare the two businesses based on the strength of their analyst recommendations, risk, earnings, institutional ownership, media sentiment, dividends, valuation and profitability.

61.2% of Lundin Mining shares are owned by institutional investors. Comparatively, 44.6% of Hudbay Minerals shares are owned by institutional investors. 15.7% of Lundin Mining shares are owned by company insiders. Comparatively, 0.1% of Hudbay Minerals shares are owned by company insiders. Strong institutional ownership is an indication that large money managers, hedge funds and endowments believe a stock will outperform the market over the long term.

Lundin Mining has higher revenue and earnings than Hudbay Minerals. Lundin Mining is trading at a lower price-to-earnings ratio than Hudbay Minerals, indicating that it is currently the more affordable of the two stocks.

CompanyGross RevenuePrice/Sales RatioNet IncomeEarnings Per SharePrice/Earnings Ratio
Lundin MiningC$4.63B6.41C$216.85MC$1.7519.92
Hudbay MineralsC$2.47B6.80C$69.59MC$1.6323.21

Lundin Mining presently has a consensus target price of C$39.72, suggesting a potential upside of 13.93%. Hudbay Minerals has a consensus target price of C$41.78, suggesting a potential upside of 10.56%. Given Lundin Mining's higher probable upside, analysts plainly believe Lundin Mining is more favorable than Hudbay Minerals.

Company Sell Ratings Hold Ratings Buy Ratings Strong Buy Ratings Rating Score
Lundin Mining
1 Sell rating(s)
5 Hold rating(s)
8 Buy rating(s)
0 Strong Buy rating(s)
2.50
Hudbay Minerals
0 Sell rating(s)
1 Hold rating(s)
9 Buy rating(s)
2 Strong Buy rating(s)
3.08

Lundin Mining has a net margin of 35.11% compared to Hudbay Minerals' net margin of 27.22%. Lundin Mining's return on equity of 22.97% beat Hudbay Minerals' return on equity.

Company Net Margins Return on Equity Return on Assets
Lundin Mining35.11% 22.97% 4.56%
Hudbay Minerals 27.22%18.41%4.78%

Lundin Mining has a beta of 2.226388, indicating that its share price is 123% more volatile than the broader market. Comparatively, Hudbay Minerals has a beta of 2.30667, indicating that its share price is 131% more volatile than the broader market.

Lundin Mining pays an annual dividend of C$0.08 per share and has a dividend yield of 0.2%. Hudbay Minerals pays an annual dividend of C$0.02 per share and has a dividend yield of 0.1%. Lundin Mining pays out 4.5% of its earnings in the form of a dividend. Hudbay Minerals pays out 1.3% of its earnings in the form of a dividend. Both companies have healthy payout ratios and should be able to cover their dividend payments with earnings for the next several years.

In the previous week, Hudbay Minerals had 3 more articles in the media than Lundin Mining. MarketBeat recorded 5 mentions for Hudbay Minerals and 2 mentions for Lundin Mining. Hudbay Minerals' average media sentiment score of 0.37 beat Lundin Mining's score of -0.19 indicating that Hudbay Minerals is being referred to more favorably in the news media.

Company Very Positive Positive Neutral Negative Very Negative Overall Sentiment
Lundin Mining
0 Very Positive mention(s)
0 Positive mention(s)
2 Neutral mention(s)
0 Negative mention(s)
0 Very Negative mention(s)
Neutral
Hudbay Minerals
1 Very Positive mention(s)
0 Positive mention(s)
4 Neutral mention(s)
0 Negative mention(s)
0 Very Negative mention(s)
Neutral

Summary

Hudbay Minerals beats Lundin Mining on 10 of the 19 factors compared between the two stocks.

How does Hudbay Minerals compare to Capstone Copper?

Capstone Copper (TSE:CS) and Hudbay Minerals (TSE:HBM) are both large-cap materials companies, but which is the better investment? We will compare the two businesses based on the strength of their institutional ownership, analyst recommendations, dividends, profitability, media sentiment, risk, earnings and valuation.

In the previous week, Capstone Copper had 1 more articles in the media than Hudbay Minerals. MarketBeat recorded 6 mentions for Capstone Copper and 5 mentions for Hudbay Minerals. Hudbay Minerals' average media sentiment score of 0.37 beat Capstone Copper's score of 0.18 indicating that Hudbay Minerals is being referred to more favorably in the news media.

Company Very Positive Positive Neutral Negative Very Negative Overall Sentiment
Capstone Copper
0 Very Positive mention(s)
0 Positive mention(s)
5 Neutral mention(s)
0 Negative mention(s)
0 Very Negative mention(s)
Neutral
Hudbay Minerals
1 Very Positive mention(s)
0 Positive mention(s)
4 Neutral mention(s)
0 Negative mention(s)
0 Very Negative mention(s)
Neutral

Capstone Copper presently has a consensus price target of C$16.71, indicating a potential upside of 14.60%. Hudbay Minerals has a consensus price target of C$41.78, indicating a potential upside of 10.56%. Given Capstone Copper's higher probable upside, analysts clearly believe Capstone Copper is more favorable than Hudbay Minerals.

Company Sell Ratings Hold Ratings Buy Ratings Strong Buy Ratings Rating Score
Capstone Copper
0 Sell rating(s)
2 Hold rating(s)
6 Buy rating(s)
2 Strong Buy rating(s)
3.00
Hudbay Minerals
0 Sell rating(s)
1 Hold rating(s)
9 Buy rating(s)
2 Strong Buy rating(s)
3.08

Hudbay Minerals has lower revenue, but higher earnings than Capstone Copper. Hudbay Minerals is trading at a lower price-to-earnings ratio than Capstone Copper, indicating that it is currently the more affordable of the two stocks.

CompanyGross RevenuePrice/Sales RatioNet IncomeEarnings Per SharePrice/Earnings Ratio
Capstone CopperC$2.68B4.16-C$14.64MC$0.6223.52
Hudbay MineralsC$2.47B6.80C$69.59MC$1.6323.21

37.1% of Capstone Copper shares are held by institutional investors. Comparatively, 44.6% of Hudbay Minerals shares are held by institutional investors. 15.4% of Capstone Copper shares are held by insiders. Comparatively, 0.1% of Hudbay Minerals shares are held by insiders. Strong institutional ownership is an indication that hedge funds, large money managers and endowments believe a stock is poised for long-term growth.

Hudbay Minerals has a net margin of 27.22% compared to Capstone Copper's net margin of 17.67%. Hudbay Minerals' return on equity of 18.41% beat Capstone Copper's return on equity.

Company Net Margins Return on Equity Return on Assets
Capstone Copper17.67% 13.69% 0.47%
Hudbay Minerals 27.22%18.41%4.78%

Capstone Copper has a beta of 2.21098, indicating that its stock price is 121% more volatile than the broader market. Comparatively, Hudbay Minerals has a beta of 2.30667, indicating that its stock price is 131% more volatile than the broader market.

Capstone Copper pays an annual dividend of C$0.26 per share and has a dividend yield of 1.8%. Hudbay Minerals pays an annual dividend of C$0.02 per share and has a dividend yield of 0.1%. Capstone Copper pays out 41.9% of its earnings in the form of a dividend. Hudbay Minerals pays out 1.3% of its earnings in the form of a dividend. Both companies have healthy payout ratios and should be able to cover their dividend payments with earnings for the next several years.

Summary

Hudbay Minerals beats Capstone Copper on 12 of the 18 factors compared between the two stocks.

How does Hudbay Minerals compare to Katanga Mining Limited (KAT.TO)?

Katanga Mining Limited (KAT.TO) (TSE:KAT) and Hudbay Minerals (TSE:HBM) are both materials companies, but which is the better investment? We will compare the two businesses based on the strength of their dividends, profitability, valuation, risk, institutional ownership, earnings, analyst recommendations and media sentiment.

In the previous week, Hudbay Minerals had 5 more articles in the media than Katanga Mining Limited (KAT.TO). MarketBeat recorded 5 mentions for Hudbay Minerals and 0 mentions for Katanga Mining Limited (KAT.TO). Hudbay Minerals' average media sentiment score of 0.37 beat Katanga Mining Limited (KAT.TO)'s score of 0.00 indicating that Hudbay Minerals is being referred to more favorably in the news media.

Company Overall Sentiment
Katanga Mining Limited (KAT.TO) Neutral
Hudbay Minerals Neutral

Hudbay Minerals has a consensus price target of C$41.78, suggesting a potential upside of 10.56%. Given Hudbay Minerals' stronger consensus rating and higher probable upside, analysts clearly believe Hudbay Minerals is more favorable than Katanga Mining Limited (KAT.TO).

Company Sell Ratings Hold Ratings Buy Ratings Strong Buy Ratings Rating Score
Katanga Mining Limited (KAT.TO)
0 Sell rating(s)
0 Hold rating(s)
0 Buy rating(s)
0 Strong Buy rating(s)
0.00
Hudbay Minerals
0 Sell rating(s)
1 Hold rating(s)
9 Buy rating(s)
2 Strong Buy rating(s)
3.08

44.6% of Hudbay Minerals shares are held by institutional investors. 0.1% of Hudbay Minerals shares are held by insiders. Strong institutional ownership is an indication that hedge funds, endowments and large money managers believe a company is poised for long-term growth.

Hudbay Minerals has a net margin of 27.22% compared to Katanga Mining Limited (KAT.TO)'s net margin of 0.00%. Hudbay Minerals' return on equity of 18.41% beat Katanga Mining Limited (KAT.TO)'s return on equity.

Company Net Margins Return on Equity Return on Assets
Katanga Mining Limited (KAT.TO)N/A N/A N/A
Hudbay Minerals 27.22%18.41%4.78%

Hudbay Minerals has higher revenue and earnings than Katanga Mining Limited (KAT.TO). Katanga Mining Limited (KAT.TO) is trading at a lower price-to-earnings ratio than Hudbay Minerals, indicating that it is currently the more affordable of the two stocks.

CompanyGross RevenuePrice/Sales RatioNet IncomeEarnings Per SharePrice/Earnings Ratio
Katanga Mining Limited (KAT.TO)C$1.39B0.00-C$11.75B-C$0.19N/A
Hudbay MineralsC$2.47B6.80C$69.59MC$1.6323.21

Summary

Hudbay Minerals beats Katanga Mining Limited (KAT.TO) on 15 of the 15 factors compared between the two stocks.

How does Hudbay Minerals compare to Ero Copper?

Hudbay Minerals (TSE:HBM) and Ero Copper (TSE:ERO) are both materials companies, but which is the superior business? We will compare the two businesses based on the strength of their profitability, institutional ownership, earnings, media sentiment, analyst recommendations, risk, dividends and valuation.

44.6% of Hudbay Minerals shares are owned by institutional investors. Comparatively, 61.8% of Ero Copper shares are owned by institutional investors. 0.1% of Hudbay Minerals shares are owned by insiders. Comparatively, 10.4% of Ero Copper shares are owned by insiders. Strong institutional ownership is an indication that large money managers, hedge funds and endowments believe a company is poised for long-term growth.

Hudbay Minerals has a beta of 2.30667, suggesting that its share price is 131% more volatile than the broader market. Comparatively, Ero Copper has a beta of 1.86839, suggesting that its share price is 87% more volatile than the broader market.

Ero Copper has a net margin of 29.72% compared to Hudbay Minerals' net margin of 27.22%. Ero Copper's return on equity of 30.09% beat Hudbay Minerals' return on equity.

Company Net Margins Return on Equity Return on Assets
Hudbay Minerals27.22% 18.41% 4.78%
Ero Copper 29.72%30.09%3.46%

Hudbay Minerals has higher revenue and earnings than Ero Copper. Ero Copper is trading at a lower price-to-earnings ratio than Hudbay Minerals, indicating that it is currently the more affordable of the two stocks.

CompanyGross RevenuePrice/Sales RatioNet IncomeEarnings Per SharePrice/Earnings Ratio
Hudbay MineralsC$2.47B6.80C$69.59MC$1.6323.21
Ero CopperC$1.04B5.14C$10.88MC$2.9517.44

Hudbay Minerals presently has a consensus target price of C$41.78, indicating a potential upside of 10.56%. Ero Copper has a consensus target price of C$48.33, indicating a potential downside of 6.08%. Given Hudbay Minerals' stronger consensus rating and higher probable upside, research analysts plainly believe Hudbay Minerals is more favorable than Ero Copper.

Company Sell Ratings Hold Ratings Buy Ratings Strong Buy Ratings Rating Score
Hudbay Minerals
0 Sell rating(s)
1 Hold rating(s)
9 Buy rating(s)
2 Strong Buy rating(s)
3.08
Ero Copper
0 Sell rating(s)
9 Hold rating(s)
6 Buy rating(s)
2 Strong Buy rating(s)
2.59

In the previous week, Ero Copper had 5 more articles in the media than Hudbay Minerals. MarketBeat recorded 10 mentions for Ero Copper and 5 mentions for Hudbay Minerals. Hudbay Minerals' average media sentiment score of 0.37 beat Ero Copper's score of 0.26 indicating that Hudbay Minerals is being referred to more favorably in the media.

Company Very Positive Positive Neutral Negative Very Negative Overall Sentiment
Hudbay Minerals
1 Very Positive mention(s)
0 Positive mention(s)
4 Neutral mention(s)
0 Negative mention(s)
0 Very Negative mention(s)
Neutral
Ero Copper
1 Very Positive mention(s)
1 Positive mention(s)
4 Neutral mention(s)
1 Negative mention(s)
0 Very Negative mention(s)
Neutral

Summary

Hudbay Minerals beats Ero Copper on 10 of the 16 factors compared between the two stocks.

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New MarketBeat Followers Over Time

This chart shows the number of new MarketBeat users adding HBM and its top 5 competitors to their watchlist. Each company is represented with a line over a 90 day period.
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Media Sentiment Over Time

This chart shows the average media sentiment of TSE and its competitors over the past 90 days as caculated by MarketBeat. The averaged score is equivalent to the following: Very Negative Sentiment <= -1.5, Negative Sentiment > -1.5 and <= -0.5, Neutral Sentiment > -0.5 and < 0.5, Positive Sentiment >= 0.5 and < 1.5, and Very Positive Sentiment >= 1.5.
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HBM vs. The Competition

MetricHudbay MineralsMetals & Mining IndustryMaterials SectorTSE Exchange
Market CapC$17.36BC$3.96BC$4.94BC$12.84B
Dividend Yield0.10%5.21%4.71%6.27%
P/E Ratio23.2125.7526.0940.36
Price / Sales6.8030,922.2218,350.819.35
Price / Cash6.5029.4726.8982.29
Price / Book2.8812.2010.144.69
Net IncomeC$69.59MC$127.53MC$158.14MC$299.09M
7 Day Performance2.05%0.77%0.46%0.01%
1 Month Performance-7.87%-2.33%-2.23%-2.14%
1 Year Performance92.22%30.24%25.36%20.17%

Hudbay Minerals Competitors List

CompanyMarketRankShare PriceAnalysts' Price Target1Y Price PerformanceMarket CapRevenueP/E RatioEmployee CountIndicator(s)
HBM
Hudbay Minerals
2.367 of 5 stars
C$37.79
-3.3%
C$41.78
+10.6%
+103.3%C$17.36BC$2.47B23.212,233
FM
First Quantum Minerals
1.8456 of 5 stars
C$41.83
-1.1%
C$45.68
+9.2%
+62.3%C$34.89BC$5.75BN/A15,661
LUN
Lundin Mining
2.468 of 5 stars
C$31.89
-1.7%
C$39.72
+24.5%
+98.2%C$27.15BC$4.63B18.226,195
CS
Capstone Copper
2.9587 of 5 stars
C$13.75
-1.0%
C$16.71
+21.5%
+41.4%C$10.50BC$2.68B22.181,049
KAT
Katanga Mining Limited (KAT.TO)
N/AN/AN/AN/AC$9.79BC$1.39BN/A4,457

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This page (TSE:HBM) was last updated on 9/24/2026 by MarketBeat.com Staff.
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