HBM vs TGB Stock Comparison

Hudbay Minerals and Trekor Metals Prices as of Oct 26, 2026 Peers: Industry group
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
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

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.

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

Percentile Scorecard

HBMTGB

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

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

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

Risk

MeasureHBMTGBSPY
Volatility, 1Y 62.6%71.4% 12.7%
Downside volatility, 1Y 67.5%70.5% 12.7%
Beta vs S&P 500, 1Y 2.752.96 1.00
Return / volatility, 1Y 0.641.23 1.02
Max drawdown, 5Y -63.3%-61.9% -25.4%
From 52-week high -30.5%-21.1% -1.8%
52-week high $31.87$9.68 $779.14
52-week low $14.58$4.05 $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.

MultipleHBMTGB
P/E now vs peer median 12.8xmedian 10.6x 171.4xmedian 10.6x
P/S now vs peer median 3.6xmedian 3.1x 3.0xmedian 3.1x
EV/EBITDA now vs peer median 5.9xmedian 5.9x 6.8xmedian 5.9x
P/FCF now vs peer median 10.0xmedian 11.3x 5.5xmedian 11.3x
P/B now vs peer median 1.8xmedian 2.3x 3.2xmedian 2.3x
PEG now vs peer median 0.04median 0.17 3.55median 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 monthsHBMTGB
Revenue $2.47B $916.35M
Gross profit $972.40M $387.04M
Operating income $1.10B $372.24M
Net income $680.00M $15.68M
Free cash flow $880.20M $502.57M
R&D $58.40M –
EPS (diluted) $1.72 $0.04
Cash & equivalents $890.90M $185.76M
Total debt $3.67B $3.05B
Shares (diluted) 396.65M 323.50M
Enterprise value $6.08B $2.17B

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

Growth

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

Profitability

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

Financial Health

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

Shareholder Returns

7 metrics
MetricHBMTGB
Dividend yield 0.1% –
Net buyback yield -0.4% -0.4%
Shareholder yield -0.2% -0.4%
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.

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

Institutional Ownership

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

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.

HBMTGB
HBM 1.00 0.85
TGB 0.85 1.00

Add a Peer

Largest companies in the same industry

Related Comparisons

Frequently Asked Questions

Which is bigger, HBM and TGB?

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

Which stock is cheaper, HBM and TGB?

Hudbay Minerals (HBM) trades on the lowest price-to-earnings ratio (Hudbay Minerals (HBM) 12.8x, Trekor Metals (TGB) 171.4x). On next year's consensus earnings, Hudbay Minerals (HBM) is cheapest (Hudbay Minerals (HBM) 15.0x, Trekor Metals (TGB) 19.6x). 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: Hudbay Minerals (HBM) +12.1%, Trekor Metals (TGB) +72.6%.

Which company is more profitable?

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

Which stock has performed better?

Over the past year Trekor Metals (TGB) returned the most: Hudbay Minerals (HBM) +40.0%, Trekor Metals (TGB) +87.7%. Over five years, Trekor Metals (TGB) compounded fastest (Hudbay Minerals (HBM) +26.0%/yr, Trekor Metals (TGB) +29.4%/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 (Hudbay Minerals (HBM) 62.6%, Trekor Metals (TGB) 71.4%). Volatility measures how widely the price swings, not the risk of the business.

Do HBM and TGB 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, HBM and TGB?

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.