TGB vs HBM Stock Comparison

Trekor Metals and Hudbay Minerals Prices as of Oct 26, 2026 Peers: Industry group
TGB Trekor Metals Ltd
$7.64 -11.6% 1M +87.7% 1Y
Market cap
$2.76B
P/E
171.4x
Revenue (TTM)
$916.35M
Div. yield
–
Copper Basic Materials
4 wins
HBM Hudbay Minerals Inc.
$22.16 -16.8% 1M +40.0% 1Y
Market cap
$8.76B
P/E
12.8x
Revenue (TTM)
$2.47B
Div. yield
0.14%
Copper Basic Materials
7 wins

Head to Head

11 decided of 12

Hudbay Minerals leads on 7 of the 12 questions below (Hudbay Minerals 7, Trekor Metals 4). Which ones matter depends on what you are buying for; a cheap multiple and slow growth often come together.

QuestionTGBHBMLeader
Larger companyMarket capitalisation $2.76B $8.76B HBM
Cheaper on earningsLower P/E, profitable companies only 171.4x 12.8x HBM
Cheaper on forward earningsLower price / next fiscal year consensus EPS 19.6x 15.0x HBM
Faster revenue growthRevenue growth, trailing twelve months +72.6% +12.1% TGB
More profitableNet margin, trailing twelve months 1.6% 27.7% HBM
Better return on capitalReturn on invested capital 23.0% 12.6% TGB
Less leveragedLower net debt / EBITDA 1.3x 0.1x HBM
Higher dividend yieldTrailing dividend yield — 0.14% –
Better 1-year returnPrice return, last 12 months +87.7% +40.0% TGB
Better 5-year returnAnnualised price return, 5 years +29.4%/yr +26.0%/yr TGB
Less volatileAnnualised volatility, 1 year 71.4% 62.6% HBM
Higher overall scoreMean of the five percentile scores vs peers 63/100 64/100 HBM

Percentile Scorecard

TGBHBM

Each axis is the mean percentile of its metrics against the company's industry group. 100 is the best in the group, 50 the middle.

Scores by Axis

AxisTGBHBM
Valuation 66 #39 of 114 81 #22 of 114
Growth 91 #10 of 102 87 #14 of 102
Profitability 71 #24 of 81 80 #17 of 81
Financial Health 21 #95 of 120 41 #71 of 120
Shareholder Returns 67 #25 of 73 32 #50 of 73
Overall 63 64
  • TGB ranked among 128 companies in Metals and Mining
  • HBM ranked among 128 companies in Metals and Mining

Price Performance

Price return, split-adjusted, before dividends. Click a name to hide or show it.

Returns

PeriodTGBHBMSPY
1 month -11.6%-16.8% -0.8%
3 months +7.5%-1.0% +3.5%
6 months +2.3%-9.2% +7.0%
Year to date +35.0%+11.6% +12.2%
1 year +87.7%+40.0% +13.0%
3 years +594.5%+405.9% +86.3%
3 years, per year +90.9%+71.7% +23.1%
5 years +262.1%+217.9% +68.6%
5 years, per year +29.4%+26.0% +11.0%
10 years +1,661.2%+475.6% +258.0%
10 years, per year +33.2%+19.1% +13.6%

Risk

MeasureTGBHBMSPY
Volatility, 1Y 71.4%62.6% 12.7%
Downside volatility, 1Y 70.5%67.5% 12.7%
Beta vs S&P 500, 1Y 2.962.75 1.00
Return / volatility, 1Y 1.230.64 1.02
Max drawdown, 5Y -61.9%-63.3% -25.4%
From 52-week high -21.1%-30.5% -1.8%
52-week high $9.68$31.87 $779.14
52-week low $4.05$14.58 $631.97

Valuation History

Weekly multiples on trailing twelve-month fundamentals. Negative or extreme readings (a loss year, a collapsed denominator) are left out so the chart stays readable.

MultipleTGBHBM
P/E now vs peer median 171.4xmedian 10.6x 12.8xmedian 10.6x
P/S now vs peer median 3.0xmedian 3.1x 3.6xmedian 3.1x
EV/EBITDA now vs peer median 6.8xmedian 5.9x 5.9xmedian 5.9x
P/FCF now vs peer median 5.5xmedian 11.3x 10.0xmedian 11.3x
P/B now vs peer median 3.2xmedian 2.3x 1.8xmedian 2.3x
PEG now vs peer median 3.55median 0.17 0.04median 0.17

Financial History

Reported figures by fiscal period, placed on the calendar year (or quarter) each period ended in, so companies with different fiscal years line up.

Trailing twelve monthsTGBHBM
Revenue $916.35M $2.47B
Gross profit $387.04M $972.40M
Operating income $372.24M $1.10B
Net income $15.68M $680.00M
Free cash flow $502.57M $880.20M
R&D – $58.40M
EPS (diluted) $0.04 $1.72
Cash & equivalents $185.76M $890.90M
Total debt $3.05B $3.67B
Shares (diluted) 323.50M 396.65M
Enterprise value $2.17B $6.08B

All Metrics

58 metrics · best in bold

Bold marks the best reading: the lowest positive value for multiples, leverage and payout, the highest for everything else. The bar under each value is its percentile against that company's own peers. Hover a value for its rank and the peer median.

Valuation

12 metrics
MetricTGBHBM
P/E 171.4x 12.8x
P/FCF 5.5x 10.0x
P/Operating cash flow 6.6x 10.0x
P/S 3.0x 3.6x
P/B 3.2x 1.8x
P/Tangible book 3.2x 1.8x
EV/EBITDA 6.8x 5.9x
EV/EBIT 9.1x 8.1x
EV/Revenue 3.7x 3.6x
EV/FCF 6.7x 10.2x
EV/Operating cash flow 8.1x 10.2x
PEG (3Y EPS CAGR) 3.55 0.04

Growth

14 metrics
MetricTGBHBM
Revenue growth (1Y) 72.6% 12.1%
Revenue CAGR (3Y) 32.8% 24.6%
Gross profit growth (1Y) 154.8% 32.8%
Gross profit CAGR (3Y) 49.8% 71.9%
Operating income growth (1Y) 167.9% 89.3%
Operating income CAGR (3Y) 53.4% 126.5%
Net income growth (1Y) 155.8% 139.9%
Net income CAGR (3Y) -5.5% 410.6%
EPS growth (1Y) 159.7% 122.6%
EPS CAGR (3Y) 48.3% 346.8%
Operating cash flow growth (1Y) 88.5% 1.5%
Operating cash flow CAGR (3Y) 78.7% –
Free cash flow growth (1Y) 73.6% 2,912%
Free cash flow CAGR (3Y) 63.2% 115.3%

Profitability

14 metrics
MetricTGBHBM
Gross margin 42.2% 39.4%
EBITDA margin 54.2% 61.9%
Operating margin 40.6% 44.7%
Pretax margin 43.3% 47.3%
Net margin 1.6% 27.7%
FCF margin 54.8% 35.7%
Operating cash flow margin 45.3% 35.6%
Return on equity 5.6% 16.3%
Return on assets 1.8% 43.1%
Return on invested capital 23.0% 12.6%
Return on capital employed 15.8% –
Asset turnover 0.3x 1.6x
Cash conversion (OCF / net income) 26.5x 1.3x
Stock comp / revenue 3.0% 3.3%

Financial Health

11 metrics
MetricTGBHBM
Debt / assets 30.3% 78.4%
Debt / equity 0.9x 0.2x
Net debt / EBITDA 1.3x 0.1x
Debt / FCF 1.6x 1.3x
Liabilities / assets 68.0% -231.7%
Equity / assets 32.0% 331.7%
Interest coverage 8.3x 14.9x
Current ratio – –
Quick ratio 0.8x –
Cash ratio 0.7x –
Altman Z-score – –

Shareholder Returns

7 metrics
MetricTGBHBM
Dividend yield – 0.1%
Net buyback yield -0.4% -0.4%
Shareholder yield -0.4% -0.2%
Payout ratio (earnings) – 1.3%
Payout ratio (FCF) – 1.0%
Dividend growth (1Y) – -260.4%
Dividend CAGR (3Y) – -59.0%

Analyst Estimates

Solid lines are reported fiscal-year results; dashed lines are the consensus for the years ahead. Hover a year for the analysts' high and low, and how each result compared with its estimate.

ConsensusTGBHBM
Forward P/E 19.6xFY2026 15.0xFY2026
EPS, next fiscal year $0.39FY2026 $1.48FY2026
EPS growth, next FY +680.0%FY2026 +120.9%FY2026
EPS growth, the year after +112.8% +27.7%
Revenue, next fiscal year $933.49MFY2026 $3.04BFY2026
Revenue growth, next FY +90.5%FY2026 +37.3%FY2026
Revenue growth, the year after +27.1% +19.3%

Institutional Ownership

13F filings, quarter ended Jun 30, 2026
HoldersTGBHBM
Held by institutions 54.7% 83.1%
Institutions holding 178 319
Change in shares held, QoQ -9.1% +10.9%
Institutions buying 176 200
Institutions selling 2 82
Buyers to sellers 88.00 2.44

Return Correlation

Daily returns, last 12 months

1.00 means two stocks move in lockstep, 0 that they move independently. Pairs below about 0.5 diversify each other.

TGBHBM
TGB 1.00 0.85
HBM 0.85 1.00

Add a Peer

Largest companies in the same industry

Related Comparisons

Frequently Asked Questions

Which is bigger, TGB and HBM?

Hudbay Minerals (HBM) is the largest by market capitalisation: Trekor Metals (TGB) $2.76B, Hudbay Minerals (HBM) $8.76B.

Which stock is cheaper, TGB and HBM?

Hudbay Minerals (HBM) trades on the lowest price-to-earnings ratio (Trekor Metals (TGB) 171.4x, Hudbay Minerals (HBM) 12.8x). On next year's consensus earnings, Hudbay Minerals (HBM) is cheapest (Trekor Metals (TGB) 19.6x, Hudbay Minerals (HBM) 15.0x). A lower multiple can reflect slower expected growth, so read it next to the growth figures.

Which company is growing faster?

Trekor Metals (TGB) grew revenue fastest over the trailing twelve months: Trekor Metals (TGB) +72.6%, Hudbay Minerals (HBM) +12.1%.

Which company is more profitable?

Hudbay Minerals (HBM) has the highest net margin (Trekor Metals (TGB) 1.6%, Hudbay Minerals (HBM) 27.7%). On return on invested capital, Trekor Metals (TGB) leads (Trekor Metals (TGB) 23.0%, Hudbay Minerals (HBM) 12.6%).

Which stock has performed better?

Over the past year Trekor Metals (TGB) returned the most: Trekor Metals (TGB) +87.7%, Hudbay Minerals (HBM) +40.0%. Over five years, Trekor Metals (TGB) compounded fastest (Trekor Metals (TGB) +29.4%/yr, Hudbay Minerals (HBM) +26.0%/yr). Returns are price only, before dividends.

Which pays a higher dividend?

Only one of these companies pays a dividend: Hudbay Minerals (HBM) 0.14%. Trekor Metals (TGB) pays no regular dividend.

Which stock is riskier?

By one-year price volatility, Hudbay Minerals (HBM) has been the steadiest (Trekor Metals (TGB) 71.4%, Hudbay Minerals (HBM) 62.6%). Volatility measures how widely the price swings, not the risk of the business.

Do TGB and HBM move together?

Their daily returns over the past year have a correlation of 0.85, a strong positive relationship. Holding both adds little diversification.

Which is the better stock, TGB and HBM?

There is no single answer; it depends on what you are buying for. On the 12 head-to-head measures on this page, Hudbay Minerals (HBM) leads on 7. Business Quant does not give investment advice; use the comparison as a starting point for your own research.

Data from SEC filings, exchange prices and consensus estimates, via Business Quant. Percentile scores compare each company with its own peer group, so two companies' scores are each relative to different peers unless you rank against the whole market. Price returns exclude dividends. Nothing on this page is investment advice.