TGB vs HBM vs IE Stock Comparison

Trekor Metals, Hudbay Minerals and Ivanhoe Electric Prices as of Nov 5, 2026 Peers: Industry group
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TGB Trekor Metals Ltd
$6.97 -20.9% 1M +60.6% 1Y
Market cap
$2.52B
P/E
29.7x
Revenue (TTM)
$1.08B
Div. yield
–
Copper Basic Materials
4 wins
HBM Hudbay Minerals Inc.
$20.53 -23.9% 1M +31.3% 1Y
Market cap
$8.12B
P/E
11.9x
Revenue (TTM)
$2.47B
Div. yield
0.15%
Copper Basic Materials
6 wins
IE Ivanhoe Electric Inc.
$7.03 -32.2% 1M -45.9% 1Y
Market cap
$1.12B
P/E
–
Revenue (TTM)
$3.19M
Div. yield
–
Copper Basic Materials
1 win

Head to Head

11 decided of 12

Hudbay Minerals leads on 6 of the 12 questions below (Hudbay Minerals 6, Trekor Metals 4, Ivanhoe Electric 1). Which ones matter depends on what you are buying for; a cheap multiple and slow growth often come together.

QuestionTGBHBMIELeader
Larger companyMarket capitalisation $2.52B $8.12B $1.12B HBM
Cheaper on earningsLower P/E, profitable companies only 29.7x 11.9x -23.5x HBM
Cheaper on forward earningsLower price / next fiscal year consensus EPS 17.9x 13.9x — HBM
Faster revenue growthRevenue growth, trailing twelve months +97.5% +12.1% -13.4% TGB
More profitableNet margin, trailing twelve months 7.0% 27.7% -1,497.7% HBM
Better return on capitalReturn on invested capital 25.6% 12.6% 1.7% TGB
Less leveragedLower net debt / EBITDA 1.0x 0.1x -15.4x IE
Higher dividend yieldTrailing dividend yield — 0.15% — –
Better 1-year returnPrice return, last 12 months +60.6% +31.3% -45.9% TGB
Better 5-year returnAnnualised price return, 5 years +26.2%/yr +24.8%/yr — TGB
Less volatileAnnualised volatility, 1 year 71.7% 63.1% 77.1% HBM
Higher overall scoreMean of the five percentile scores vs peers 67/100 73/100 42/100 HBM

Percentile Scorecard

TGBHBMIE

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

AxisTGBHBMIE
Valuation 82 #32 of 169 86 #25 of 169 23 #130 of 169
Growth 95 #9 of 153 91 #15 of 153 59 #63 of 153
Profitability 81 #24 of 123 89 #15 of 123 30 #87 of 123
Financial Health 20 #132 of 165 49 #85 of 165 85 #25 of 165
Shareholder Returns 57 #50 of 116 49 #60 of 116 12 #102 of 116
Overall 67 73 42
  • TGB ranked among 177 companies in Metals and Mining
  • HBM ranked among 177 companies in Metals and Mining
  • IE ranked among 177 companies in Metals and Mining

Price Performance

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

Returns

PeriodTGBHBMIESPY
1 month -20.9%-23.9%-32.2% -5.9%
3 months -15.4%-22.0%-34.2% -4.6%
6 months -3.9%-13.9%-48.8% +0.2%
Year to date +23.1%+3.4%-56.0% +7.5%
1 year +60.6%+31.3%-45.9% +8.2%
3 years +420.1%+347.3%-33.8% +68.3%
3 years, per year +73.3%+64.8%-12.9% +19.0%
5 years +219.7%+201.9%— +56.5%
5 years, per year +26.2%+24.8%— +9.4%
10 years +1,448.9%+366.6%— +251.5%
10 years, per year +31.5%+16.7%— +13.4%

Risk

MeasureTGBHBMIESPY
Volatility, 1Y 71.7%63.1%77.1% 13.6%
Downside volatility, 1Y 71.9%68.4%81.3% 14.2%
Beta vs S&P 500, 1Y 2.832.643.22 1.00
Return / volatility, 1Y 0.840.50-0.60 0.60
Max drawdown, 5Y -61.9%-63.3%-71.1% -25.4%
From 52-week high -28.0%-35.6%-64.7% -5.9%
52-week high $9.68$31.87$19.92 $779.14
52-week low $4.22$14.58$7.03 $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.

MultipleTGBHBMIE
P/E now vs peer median 29.7xmedian 12.9x 11.9xmedian 12.9x -23.5xmedian 12.9x
P/S now vs peer median 2.3xmedian 3.1x 3.3xmedian 3.1x 352.2xmedian 3.1x
EV/EBITDA now vs peer median 5.4xmedian 7.6x 5.4xmedian 7.6x 80.9xmedian 7.6x
P/FCF now vs peer median 4.2xmedian 12.2x 9.2xmedian 12.2x -12.9xmedian 12.2x
P/B now vs peer median 2.8xmedian 2.2x 1.7xmedian 2.2x 2.2xmedian 2.2x
PEG now vs peer median 0.44median 0.19 0.03median 0.19 -0.52median 0.19

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 monthsTGBHBMIE
Revenue $1.08B $2.47B $3.19M
Gross profit $445.68M $972.40M $1.88M
Operating income $429.96M $1.10B $9.11M
Net income $77.12M $680.00M -$15.91M
Free cash flow $593.87M $880.20M -$86.97M
R&D – $58.40M $84.22M
EPS (diluted) $0.23 $1.72 $-0.30
Cash & equivalents $214.17M $890.90M $214.84M
Total debt $801.56M $1.13B $35.90M
Shares (diluted) 323.50M 396.65M 159.61M
Enterprise value $1.81B $5.43B $191.40M

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
MetricTGBHBMIE
P/E 29.7x 11.9x -23.5x
P/FCF 4.2x 9.2x -12.9x
P/Operating cash flow 5.0x 9.2x -9.7x
P/S 2.3x 3.3x 352.2x
P/B 2.8x 1.7x 2.2x
P/Tangible book 2.8x 1.7x 2.2x
EV/EBITDA 5.4x 5.4x 80.9x
EV/EBIT 7.2x 7.5x 103.5x
EV/Revenue 2.9x 3.4x 296.0x
EV/FCF 5.2x 9.4x -10.8x
EV/Operating cash flow 6.2x 9.4x -8.1x
PEG (3Y EPS CAGR) 0.44 0.03 -0.52

Growth

14 metrics
MetricTGBHBMIE
Revenue growth (1Y) 97.5% 12.1% -13.4%
Revenue CAGR (3Y) 34.5% 24.6% 8.4%
Gross profit growth (1Y) 165.7% 32.8% -20.3%
Gross profit CAGR (3Y) 40.1% 71.9% 50.9%
Operating income growth (1Y) 177.5% 89.3% 108.6%
Operating income CAGR (3Y) 42.1% 126.5% 27.1%
Net income growth (1Y) 238.4% 139.9% 76.0%
Net income CAGR (3Y) 21.5% 410.6% 57.7%
EPS growth (1Y) 239.3% 122.6% 27.7%
EPS CAGR (3Y) 67.5% 346.8% 45.3%
Operating cash flow growth (1Y) 161.3% 1.5% -23.4%
Operating cash flow CAGR (3Y) 78.8% – 6.9%
Free cash flow growth (1Y) 125.0% 2,912% 10.4%
Free cash flow CAGR (3Y) 66.5% 115.3% 17.1%

Profitability

14 metrics
MetricTGBHBMIE
Gross margin 41.1% 39.4% 59.0%
EBITDA margin 52.7% 61.9% 365.8%
Operating margin 39.6% 44.7% 285.9%
Pretax margin 46.0% 47.3% -115.6%
Net margin 7.0% 27.7% -1,498%
FCF margin 54.8% 35.7% -2,730%
Operating cash flow margin 46.2% 35.6% -3,648%
Return on equity 10.8% 16.3% -3.1%
Return on assets 3.5% 43.1% -2.8%
Return on invested capital 25.6% 12.6% 1.7%
Return on capital employed 17.5% – 1.8%
Asset turnover 0.4x 1.6x 0.0x
Cash conversion (OCF / net income) 6.5x 1.3x 7.3x
Stock comp / revenue 2.9% 3.3% 329.7%

Financial Health

11 metrics
MetricTGBHBMIE
Debt / assets 28.9% 78.4% 6.5%
Debt / equity 0.9x 0.2x 0.1x
Net debt / EBITDA 1.0x 0.1x -15.4x
Debt / FCF 1.3x 1.3x -0.4x
Liabilities / assets 67.8% -231.7% 9.8%
Equity / assets 32.2% 331.7% 90.2%
Interest coverage 8.3x 14.9x –
Current ratio – – 4.4x
Quick ratio 0.9x – 4.5x
Cash ratio 0.8x – 4.2x
Altman Z-score – – 11.16

Shareholder Returns

7 metrics
MetricTGBHBMIE
Dividend yield – 0.1% –
Net buyback yield -0.4% -0.4% -22.9%
Shareholder yield -0.4% -0.2% -22.9%
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.

ConsensusTGBHBMIE
Forward P/E 17.9xFY2026 13.9xFY2026 –
EPS, next fiscal year $0.39FY2026 $1.48FY2026 $-0.06FY2026
EPS growth, next FY +680.0%FY2026 +120.9%FY2026 –
EPS growth, the year after +112.8% +27.7% –
Revenue, next fiscal year $937.17MFY2026 $3.05BFY2026 $3.16MFY2026
Revenue growth, next FY +91.3%FY2026 +37.8%FY2026 -2.5%FY2026
Revenue growth, the year after +27.7% +18.9% -6.5%

Institutional Ownership

13F filings, quarter ended Jun 30, 2026
HoldersTGBHBMIE
Held by institutions 0.2% 83.1% 74.0%
Institutions holding 4 319 203
Change in shares held, QoQ -99.7% +10.9% +2.3%
Institutions buying 2 200 126
Institutions selling 2 82 56
Buyers to sellers 1.00 2.44 2.25

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.

TGBHBMIE
TGB 1.00 0.85 0.73
HBM 0.85 1.00 0.77
IE 0.73 0.77 1.00

Add a Peer

Largest companies in the same industry

Related Comparisons

Frequently Asked Questions

Which is bigger, TGB, HBM and IE?

Hudbay Minerals (HBM) is the largest by market capitalisation: Trekor Metals (TGB) $2.52B, Hudbay Minerals (HBM) $8.12B, Ivanhoe Electric (IE) $1.12B.

Which stock is cheaper, TGB, HBM and IE?

Hudbay Minerals (HBM) trades on the lowest price-to-earnings ratio (Trekor Metals (TGB) 29.7x, Hudbay Minerals (HBM) 11.9x, Ivanhoe Electric (IE) -23.5x). On next year's consensus earnings, Hudbay Minerals (HBM) is cheapest (Trekor Metals (TGB) 17.9x, Hudbay Minerals (HBM) 13.9x). 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) +97.5%, Hudbay Minerals (HBM) +12.1%, Ivanhoe Electric (IE) -13.4%.

Which company is more profitable?

Hudbay Minerals (HBM) has the highest net margin (Trekor Metals (TGB) 7.0%, Hudbay Minerals (HBM) 27.7%, Ivanhoe Electric (IE) -1,497.7%). On return on invested capital, Trekor Metals (TGB) leads (Trekor Metals (TGB) 25.6%, Hudbay Minerals (HBM) 12.6%, Ivanhoe Electric (IE) 1.7%).

Which stock has performed better?

Over the past year Trekor Metals (TGB) returned the most: Trekor Metals (TGB) +60.6%, Hudbay Minerals (HBM) +31.3%, Ivanhoe Electric (IE) -45.9%. Over five years, Trekor Metals (TGB) compounded fastest (Trekor Metals (TGB) +26.2%/yr, Hudbay Minerals (HBM) +24.8%/yr). Returns are price only, before dividends.

Which pays a higher dividend?

Only one of these companies pays a dividend: Hudbay Minerals (HBM) 0.15%. Trekor Metals (TGB) and Ivanhoe Electric (IE) pays no regular dividend.

Which stock is riskier?

By one-year price volatility, Hudbay Minerals (HBM) has been the steadiest (Trekor Metals (TGB) 71.7%, Hudbay Minerals (HBM) 63.1%, Ivanhoe Electric (IE) 77.1%). Volatility measures how widely the price swings, not the risk of the business.

Which is the better stock, TGB, HBM and IE?

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 6. 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.