HBM

Hudbay Minerals Inc.'s (TSE:HBM) robust earnings report didn't manage to move the market for its stock. Our analysis suggests that shareholders have noticed something concerning in the numbers. This technology could replace computers: discover the 20 stocks are working to make quantum computing a reality. Importantly, our data indicates that Hudbay Minerals' profit received a boost of US$440m in unusual items, over the last year. We can't deny that higher profits generally leave us optimistic, but we'd prefer it if the profit were to be sustainable. When we crunched the numbers on thousands of publicly listed companies, we found that a boost from unusual items in a given year is often not repeated the next year. And that's as you'd expect, given these boosts are described as 'unusual'. Hudbay Minerals had a rather significant contribution from unusual items relative to its profit to March 2026. As a result, we can surmise that the unusual items are making its statutory profit significantly stronger than it would otherwise be. That might leave you wondering what analysts are forecasting in terms of future profitability. Luckily, you can click here to see an interactive graph depicting future profitability, based on their estimates. As we discussed above, we think the significant positive unusual item makes Hudbay Minerals' earnings a poor guide to its underlying profitability. As a result, we think it may well be the case that Hudbay Minerals' underlying earnings power is lower than its statutory profit. But the good news is that its EPS growth over the last three years has been very impressive. The goal of this article has been to assess how well we can rely on the statutory earnings to reflect the company's potential, but there is plenty more to consider. With this in mind, we wouldn't consider investing in a stock unless we had a thorough understanding of the risks. In terms of investment risks, we've identified 1 warning sign with Hudbay Minerals, and understanding this should be part of your investment process. This note has only looked at a single factor that sheds light on the nature of Hudbay Minerals' profit. But there is always more to discover if you are capable of focussing your mind on minutiae. For example, many people consider a high return on equity as an indication of favorable business economics, while others like to 'follow the money' and s...

Hudbay Minerals Inc. reported first-quarter 2026 results showing sales of US$757.3 million and net income of US$190.4 million, both higher than a year earlier, while also confirming a quarterly dividend of C$0.01 per share payable in June. Despite lower production volumes across copper, gold, zinc, silver and molybdenum, Hudbay combined stronger earnings with a new 5% normal course issuer bid, signaling management’s confidence in its financial position. We’ll now examine how Hudbay’s stronger quarterly earnings and newly authorized share repurchase program shape the company’s broader investment narrative. The best AI stocks today may lie beyond giants like Nvidia and Microsoft. Find the next big opportunity with these 16 smaller AI-focused companies with strong growth potential through early-stage innovation in machine learning, automation, and data intelligence that could fund your retirement. To own Hudbay, you generally need to believe its Americas focused copper and gold portfolio can translate into durable cash generation despite project and jurisdiction risks. The latest quarter’s stronger earnings, despite lower metal output, slightly supports that view near term, but the key catalyst and risk still center on large capital projects like Copper World, where execution, permitting and cost outcomes remain far more important than this single set of results. The newly authorized 5% normal course issuer bid is the most relevant announcement here, sitting alongside the higher earnings and ongoing dividend. While prior buyback capacity went unused, this fresh approval, if executed, could modestly alter the share count over the next 12 months and interact with future cash needs for Copper World and other projects, keeping capital allocation a live part of the Hudbay story. Yet behind the stronger quarter, investors should also be aware of how project delays, especially at Copper World, could... Read the full narrative on Hudbay Minerals (it's free!) Hudbay Minerals’ narrative projects $3.2 billion revenue and $797.5 million earnings by 2029. Uncover how Hudbay Minerals' forecasts yield a CA$41.34 fair value, a 27% upside to its current price. Some of the lowest estimate analysts were assuming Hudbay’s revenue would reach about US$2.6 billion and earnings about US$501.8 million by 2029, which paints a more cautious picture than the recent beat on Q1 2026 earnin...

Stifel Canada on Monday reiterated its buy rating on the shares of Hudbay Minerals (HBM.TO) and its

Record financial results were driven by a unique commodity mix where gold byproduct credits effectively insulated the company from emerging external cost pressures like higher fuel prices. The Peru operations achieved record mill throughput by utilizing a regulatory allowance to operate 10% above permitted levels, though gold and copper production remained lower than the previous quarter due to the depletion of high-grade Pampacancha ore. In Manitoba, management prioritized gold ore feed for the New Britannia mill to maintain production levels despite lower equipment and labor availability at the Lalor mine. The acquisition of Arizona Sonoran and the Mitsubishi joint venture establish a major copper hub in Southern Arizona, creating regional synergies between the Copper World and Cactus projects. Operational agility in British Columbia focused on a multiyear optimization plan, including an accelerated stripping program to unlock higher-grade ore in the second half of 2026. The company's 'net debt to EBITDA' ratio reached its lowest point in over a decade, providing the financial flexibility to fund growth without immediate reliance on external capital markets. Consolidated copper production is expected to average 147 thousand tonnes per year over the next three years, representing a 24% increase from 2025, with a pathway to 500 thousand tonnes by the mid-2030s through staged U.S. developments. Copper World is advancing toward a sanctioning decision later in 2026, with the definitive feasibility study on track for completion in mid-2026. The Cactus project will be sequenced to follow Copper World Phase 1, utilizing shared infrastructure and fleet synergies to minimize capital intensity. New Ingerbelle is expected to double gold production in British Columbia starting in 2028, benefiting from a stripping ratio three times lower than current mining areas. Exploration in Peru at Maria Reyna and Caballito remains a long-term priority, though timelines are currently subject to the completion of local and federal election cycles. Management is monitoring a judicial review application by the LSIB regarding New Ingerbelle permits but remains confident the court will uphold the regulatory decision. Labor availability in Manitoba is being addressed through the onboarding of 80 new employees and the potential use of contractors for the 1901 deposit development. The prim...

This article first appeared on GuruFocus. Revenue: Record quarterly revenues of $757 million. Adjusted EBITDA: Record adjusted EBITDA of $422 million. Adjusted Net Earnings: Record adjusted net earnings of $159 million or $0.40 per share. Cash Generated from Operating Activities: $211 million. Free Cash Flow: $102 million in the first quarter; trailing 12-month free cash flow of approximately $400 million. Cash and Cash Equivalents: Over $1 billion at the end of the quarter. Total Liquidity: $1.4 billion as of March 31. Net Debt: Nearly zero, with a net debt-to-EBITDA ratio at its lowest point in more than a decade. Consolidated Copper Production: 28,000 tonnes. Consolidated Gold Production: 62,000 ounces. Consolidated Cash Costs: Record low of negative $1.80 per pound of copper. Peru Operations Cash Costs: $0.70 per pound of copper. Manitoba Gold Cash Cost: $408 per ounce. British Columbia Cash Costs: $2.41 per pound of copper. Warning! GuruFocus has detected 4 Warning Sign with HBM. Is HBM fairly valued? Test your thesis with our free DCF calculator. Release Date: May 01, 2026 For the complete transcript of the earnings call, please refer to the full earnings call transcript. Hudbay Minerals Inc (NYSE:HBM) achieved record revenue, adjusted EBITDA, and adjusted earnings in the first quarter of 2026. The company reported record low consolidated cash costs, contributing to strong free cash flow generation. Hudbay ended the quarter with over $1 billion in cash and cash equivalents, enhancing financial flexibility. The company is on track to achieve 2026 production and cost guidance across all operations. Hudbay's diversified platform with significant byproduct credits from gold production helps mitigate external cost pressures. Copper and gold production in Peru were lower than the previous quarter due to the depletion of higher-grade ore. The company faces emerging external cost pressures, such as higher fuel prices and labor challenges. There are ongoing delays in the permitting process for exploration at the Maria Reyna and Caballito properties in Peru. Hudbay's net debt-to-EBITDA ratio is at its lowest point in over a decade, but total liquidity decreased by $473 million after repaying senior unsecured notes. The company is navigating judicial review processes related to regulatory decisions, which could impact project timelines. Q: Have you set a goal for...

Hudbay delivered a standout quarter with record revenue of $757 million, record adjusted EBITDA of $422 million and adjusted net earnings of $159 million (or $0.40 per share), while generating strong free cash flow (Q1 FCF $102 million; trailing 12‑month ~$400 million) driven by higher realized metal prices and cost control. The company reported record low consolidated cash costs of negative $1.80 per pound of copper—helped by gold by‑product credits that made up 39% of gross revenues—and said operations are on track to meet 2026 guidance. Balance sheet and growth outlook remain solid: Hudbay ended Q1 with over $1 billion cash and $1.4 billion liquidity (net debt nearly zero), received a $420 million Copper World contribution from Mitsubishi, repaid 2026 notes (post‑repayment liquidity ~$957 million), and has the Copper World DFS >85% complete with sanctioning expected later in 2026 while advancing New Ingerbelle (permit with judicial review), the Cactus acquisition, and Mason pre‑feasibility work. Interested in HudBay Minerals Inc? Here are five stocks we like better. The Copper Shortage Is Coming—These 3 Miners Are Ready HudBay Minerals (NYSE:HBM) reported what President and CEO Peter Kukielski described as “a great start to the year,” citing record quarterly revenue, record adjusted EBITDA and record adjusted earnings in the company’s first-quarter 2026 results call. Kukielski said the quarter was driven by “steady operating performance, our focus on cost control, and the continued benefit from margin expansion with our unique mix of copper and gold exposure.” He added that Hudbay’s “leading operating cost performance resulted in record low consolidated cash costs in the Q1,” helping support strong free cash flow generation. Management said all operations are on track to meet 2026 production and cost guidance. → Corning Beats Q1 Estimates but Drops 9% on Guidance Miss Top Growth Picks: 3 Low-Cost Stocks That Could Double in Value Hudbay reported record quarterly revenue of $757 million and record adjusted EBITDA of $422 million for Q1 2026. Cash generated from operating activities was $211 million, which Kukielski said was “remaining relatively consistent” with the prior quarter due to favorable non-cash working capital changes. Adjusted net earnings were a record $159 million, or $0.40 per share, which management attributed to higher realized metal price...

Image source: The Motley Fool. May 1, 2026, 11 a.m. ET President & Chief Executive Officer — Peter Gerald Kukielski Senior Vice President & Chief Operating Officer — Andre Lauzon Senior Vice President & Chief Financial Officer — Eugene Lei Vice President, Investor Relations & Corporate Communications — Candace Brule Need a quote from a Motley Fool analyst? Email [email protected] Peter Gerald Kukielski: Thank you, Candace. Good morning, everyone, and thank you for joining us on today's call. We have had a great start to the year, achieving several key operational, financial, and growth milestones. Hudbay Minerals Inc. delivered another quarter of record revenue, record adjusted EBITDA, and record adjusted earnings in the first quarter. This was driven by steady operating performance, our focus on cost control, and the continued benefit from margin expansion with our unique mix of copper and gold exposure. Our leading operating cost performance resulted in record low consolidated cash costs in the first quarter, which contributed to continued strong free cash flow generation. With the strong performance in the quarter, all our operations are on track to achieve 2026 production and cost guidance. Building on our commitment to prudent balance sheet management, we ended the quarter with over $1 billion in cash and cash equivalents, benefiting from $420 million received from Mitsubishi for their initial cash contribution on closing of the Copper World joint venture transaction in January. Our enhanced financial flexibility has positioned us well to continue advancing the development of Copper World, reinvest in high-return opportunities at each of our operations, and de-risk the Cactus project upon completion of the acquisition of Arizona Sonoran to deliver attractive growth and maximize long-term risk-adjusted returns at each of our operations for stakeholders. Slide three provides an overview of our first quarter operational and financial performance. The first quarter demonstrated strong operating performance with higher mill throughput across the three operations compared to the previous quarter, delivering consolidated copper production of 28 thousand tonnes and consolidated gold production of 62 thousand ounces. We achieved record quarterly revenues of $757 million and record adjusted EBITDA of $422 million in the first quarter. Cash generated from operating acti...

TORONTO, May 01, 2026 (GLOBE NEWSWIRE) -- Hudbay Minerals Inc. (“Hudbay” or the “Company”) (TSX, NYSE: HBM) released its first quarter 2026 financial results today. All amounts are in U.S. dollars, unless otherwise noted. “Hudbay delivered another quarter of record revenue, record adjusted EBITDA and record adjusted earnings, driven by steady operating performance, expanded margins from strong copper and gold exposure and a focus on cost control across the business,” said Peter Kukielski, President and Chief Executive Officer. “Our leading operating cost performance resulted in record low consolidated cash costs and contributed to continued strong free cash flow generation in the quarter. All our operations are on track to achieve 2026 production and cost guidance. Building on our commitment to prudent balance sheet management, we ended the quarter with over $1 billion in cash and cash equivalents. Our enhanced financial flexibility positions us well to advance the development of Copper World, invest in high-return opportunities at our operations and de-risk the Cactus project upon completion of the acquisition of Arizona Sonoran to deliver attractive growth and maximize long-term risk-adjusted returns for stakeholders.” Achieved Record Adjusted EBITDA Driven by Stable Copper and Gold Production and Industry-Leading Margins; 2026 Production and Cost Guidance Reaffirmed Achieved record quarterly revenue of $757.3 million, record quarterly adjusted EBITDAi of $421.9 million and record adjusted net earnings attributable to owners of $159.1 million in the first quarter, driven by steady operating performance, expanding margins from strong copper and gold exposure and a focus on cost control across the business. Consolidated copper and gold production of 27,929 tonnes and 61,700 ounces, respectively, in the first quarter was in line with quarterly cadence expectations. Industry-leading cost performance continues with record low consolidated cash costi and sustaining cash costi, net of by-product credits, of $(1.80) and $0.00, respectively, in the first quarter. Reaffirmed full year 2026 consolidated production guidance including 110,000 to 138,000 tonnes of copper and 217,000 to 272,000 ounces of gold. Reaffirmed 2026 cost guidance, including consolidated cash costi guidance of $(0.30) to $(0.10) per pound of copper and sustaining cash costi guidance of $1.70 to...

Hudbay Minerals (HBM.TO) reported an increase in first-quarter adjusted earnings year over year desp

Find your next quality investment with Simply Wall St's easy and powerful screener, trusted by over 7 million individual investors worldwide. Hudbay Minerals (TSX:HBM) drew fresh attention after reporting record first quarter adjusted earnings and outlining higher copper and gold production targets for 2026 to 2028. These developments can influence how investors view the stock. See our latest analysis for Hudbay Minerals. The recent record adjusted earnings and higher 2026 to 2028 copper and gold production targets come as the share price sits at CA$31.42, with a 1 month share price return of 7.86% and a very large 1 year total shareholder return of 211.38%. This suggests strong momentum even after some shorter term share price pullbacks. If Hudbay’s run has you thinking about other mining names tied to copper, it could be worth scanning the market for opportunities using our 8 top copper producer stocks With the share price already at CA$31.42 after a very large 1 year return and analysts’ average target sitting higher, the key question now is simple: is Hudbay still undervalued or is the recent strength already pricing in future growth? Hudbay’s most followed valuation narrative puts fair value at about CA$41.34 per share, well above the last close at CA$31.42. This gap is driving a lot of debate around what could justify that difference. Read the complete narrative. Want to see what sits behind that copper growth story and higher price tag? The narrative leans on specific revenue, margin, and earnings power assumptions that are anything but casual. Result: Fair Value of CA$41.34 (UNDERVALUED) Have a read of the narrative in full and understand what's behind the forecasts. However, the story can change quickly if Copper World or the Arizona Sonoran Copper acquisition face cost overruns or permitting delays that affect margins and timelines. Find out about the key risks to this Hudbay Minerals narrative. The analyst narrative points to a fair value of CA$41.34, yet the SWS DCF model comes out far lower at CA$7.04 per share, with Hudbay trading at CA$31.42 today. That is a wide gap in what “fair” might mean. Which set of assumptions do you trust more? Look into how the SWS DCF model arrives at its fair value. Simply Wall St performs a discounted cash flow (DCF) on every stock in the world every day (check out Hudbay Minerals for example). We show the entire...

TORONTO (AP) — TORONTO (AP) — HudBay Minerals Inc. (HBM) on Friday reported first-quarter profit of $190.4 million. The Toronto-based company said it had profit of 48 cents per share. Earnings, adjusted for non-recurring gains, came to 40 cents per share. The results topped Wall Street expectations. The average estimate of 14 analysts surveyed by Zacks Investment Research was for earnings of 34 cents per share. The mining company posted revenue of $757.3 million in the period, also beating Street forecasts. Thirteen analysts surveyed by Zacks expected $677.7 million. _____ This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on HBM at https://www.zacks.com/ap/HBM

For the quarter ended March 2026, HudBay Minerals (HBM) reported revenue of $757.3 million, up 27.3% over the same period last year. EPS came in at $0.40, compared to $0.24 in the year-ago quarter. The reported revenue represents a surprise of +11.74% over the Zacks Consensus Estimate of $677.72 million. With the consensus EPS estimate being $0.34, the EPS surprise was +16.41%. While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance. Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance. Here is how HudBay Minerals performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts: Payable metal sold - Gold - British Columbia: 6,126.00 Oz versus the 13-analyst average estimate of 5,077.97 Oz. Contained metal in concentrate and dore produced - Copper - Peru: 20,573.00 Ton versus 20,416.82 Ton estimated by 13 analysts on average. Realized Sales Prices - Gold: $4468 per ounce versus $4554.7 per ounce estimated by 13 analysts on average. Realized Sales Prices - Zinc: 1.44 $/lb compared to the 1.38 $/lb average estimate based on 13 analysts. Revenue from external customers- Peru: $363 million versus the 11-analyst average estimate of $294.17 million. The reported number represents a year-over-year change of +25.3%. Revenue from external customers- British Columbia: $107.8 million compared to the $103.2 million average estimate based on 10 analysts. The reported number represents a change of +34.1% year over year. Revenue from external customers- Manitoba: $286.5 million compared to the $276.14 million average estimate based on 10 analysts. The reported number represents a change of +27.5% year over year. Revenue from contracts: $739.5 million compared to the $672.55 million average estimate based on 12 analysts. The reported number represents a change of +35.5% year over year. Revenue from contracts- Zinc: $11.9 million versus $12.24 million estimated by 11 analysts on average. Compared to the year-ago quarter, this numbe...