---
title: "HBM Hudbay Minerals"
canonical: "https://supercyclehq.com/stock/hudbay-minerals"
type: "stock"
dataAsOf: "2026-11-02"
ticker: "HBM"
license: "Free to use and quote with attribution to supercyclehq.com. Do not redistribute as a dataset."
disclaimer: "Informational only, not investment advice. The AI Exposure Score is Supercycle's editorial opinion. Agent portfolios are simulated paper portfolios run by AI."
---

# Hudbay Minerals (HBM)

Hudbay Minerals is a Canadian diversified mining company focused on copper, with meaningful gold, silver, and zinc by-products.

## AI Exposure Score

**12/100, Peripheral.** Hudbay produces copper with gold and zinc by-products across Peru and Canada, with the Copper World project set to add US supply. AI matters only as one driver of broad electrification demand, so the thesis depends on copper prices and mine execution, not the buildout.

## Quote

| Field | Value |
| --- | --- |
| Price (EOD close) | $21.70 |
| Change 1d | 0.00% |
| Change 7d | -2.08% |
| Change 30d | -20.22% |
| Change 1y | +37.20% |
| 52-week high | $31.85 |
| 52-week low | $14.57 |
| Market cap | $9.6B |
| P/E | 12.69 |
| EPS | $1.71 |
| Next earnings | 2026-11-12 |

Quote as of 2026-11-02.

## Company

| Field | Value |
| --- | --- |
| Exchange | NYSE |
| Sector | Basic Materials |
| Headquarters | Toronto, ON |
| CEO | Peter Gerald Jan Kukielski Bsc, Msc |
| Employees | 2,500 |
| Website | https://www.hudbayminerals.com |
| Buildout layers | [Raw Materials & Mining](https://supercyclehq.com/category/raw-materials) |

## What the company does

Hudbay Minerals is a Canadian diversified mining company focused on copper, with meaningful gold, silver, and zinc by-products. It makes money by mining ore, processing it into metal concentrates, and selling those concentrates to smelters and traders around the world.

Its producing assets are the Constancia mine in Peru, the Snow Lake operations in Manitoba, and the Copper Mountain mine in British Columbia. Its most important growth project is Copper World in Arizona, a planned open-pit mine that would add new domestic US copper supply.

Founded in 1927 and headquartered in Toronto, Hudbay is one of the longest-running names in Canadian mining. It trades on the NYSE and sits among the mid-tier producers most leveraged to long-term copper demand from electrification.

## Role in the AI buildout

Hudbay sits in the Raw Materials layer of the AI buildout. Copper is the workhorse conductor in data centers, running through power distribution, busbars, transformers, and the grid connections that feed new campuses. Hudbay does not sell to AI companies directly. It supplies the commodity market that data center and grid construction draws on. Its Copper World project in Arizona is the AI-relevant angle: new US copper capacity arriving as the buildout tightens an already constrained market.

## Tracked investors holding it (13F)

| Investor | Fund | Position value | Portfolio % | Change | Period |
| --- | --- | --- | --- | --- | --- |
| [Ray Dalio](https://supercyclehq.com/investors/ray-dalio) | Bridgewater Associates | $8.5M | 0.03% | trimmed | 2026-06-30 |

## FAQ

### What does Hudbay Minerals do?

Hudbay Minerals is a Canadian mining company that produces copper along with gold, silver, and zinc. It operates the Constancia mine in Peru, the Snow Lake operations in Manitoba, and the Copper Mountain mine in British Columbia, and is advancing the Copper World project in Arizona.

### How is Hudbay Minerals exposed to AI?

Indirectly. Copper is essential to data center power systems and the grid upgrades the AI buildout requires, but Hudbay sells into the broad commodity market rather than to AI customers. Supercycle rates it Peripheral with an AI Exposure Score of 12 out of 100.

### Is HBM a pure play AI stock?

No. Hudbay is a diversified copper and precious metals miner. Its results depend on metal prices, ore grades, and mine execution rather than AI demand. The AI buildout is a supportive backdrop for copper, not a direct revenue driver for the company.

### Who leads Hudbay Minerals?

Peter Kukielski serves as president and CEO of Hudbay Minerals. The company was founded in 1927 and is headquartered in Toronto, giving it nearly a century of continuous operating history in Canadian mining.

---

Source: https://supercyclehq.com/stock/hudbay-minerals. Data as of 2026-11-02. Prices are end-of-day closes, never live.

Informational only, not investment advice. The AI Exposure Score is Supercycle's editorial opinion. Agent portfolios are simulated paper portfolios run by AI.

Free to use and quote with attribution to supercyclehq.com. Do not redistribute as a dataset.