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HBM vs CDE
Revenue, margins, valuation, and 5-year total return — side by side.
Gold
HBM vs CDE — Key Financials
Market cap, revenue, margins, and valuation side-by-side.
| Company Snapshot | ||
|---|---|---|
| Industry | Copper | Gold |
| Market Cap | $9.52B | $12.04B |
| Revenue (TTM) | $2.22B | $2.57B |
| Net Income (TTM) | $570M | $799M |
| Gross Margin | 32.5% | 35.4% |
| Operating Margin | 41.4% | 39.4% |
| Forward P/E | 15.4x | 9.4x |
| Total Debt | $1.09B | $365M |
| Cash & Equiv. | $568M | $554M |
HBM vs CDE — Long-Term Stock Performance
Price return indexed to 100 at period start. Dividends excluded.
| Stock | May 20 | May 26 | Return |
|---|---|---|---|
| Hudbay Minerals Inc. (HBM) | 100 | 888.9 | +788.9% |
| Coeur Mining, Inc. (CDE) | 100 | 325.9 | +225.9% |
Price return only. Dividends and distributions are not included.
Quick Verdict: HBM vs CDE
Each card shows where this stock fits in a portfolio — not just who wins on paper.
HBM is the clearest fit if your priority is income & stability and long-term compounding.
- Dividend streak 0 yrs, beta 1.91, yield 0.1%
- 490.5% 10Y total return vs CDE's 137.2%
- 0.1% yield; the other pay no meaningful dividend
CDE carries the broadest edge in this set and is the clearest fit for growth exposure and sleep-well-at-night.
- Rev growth 96.4%, EPS growth 5.0%, 3Y rev CAGR 38.1%
- Lower volatility, beta 1.81, Low D/E 11.0%, current ratio 2.00x
- Beta 1.81, current ratio 2.00x
See the full category breakdown
| Category | Winner | Why |
|---|---|---|
| Growth | 96.4% revenue growth vs HBM's 8.9% | |
| Value | Lower P/E (9.4x vs 15.4x) | |
| Quality / Margins | 31.1% margin vs HBM's 25.8% | |
| Stability / Safety | Beta 1.81 vs HBM's 1.91, lower leverage | |
| Dividends | 0.1% yield; the other pay no meaningful dividend | |
| Momentum (1Y) | +223.7% vs HBM's +212.7% | |
| Efficiency (ROA) | 11.2% ROA vs HBM's 9.8%, ROIC 23.5% vs 12.0% |
HBM vs CDE — Revenue Breakdown by Segment
How each company's revenue is distributed across its business units
Segment breakdown not available.
HBM vs CDE — Financial Metrics
Side-by-side numbers across 2 stocks — who leads on profitability, valuation, growth, and risk.
Income & Cash Flow (Last 12 Months)
CDE leads this category, winning 4 of 6 comparable metrics.
Income & Cash Flow (Last 12 Months)
CDE and HBM operate at a comparable scale, with $2.6B and $2.2B in trailing revenue. CDE is the more profitable business, keeping 31.1% of every revenue dollar as net income compared to HBM's 25.8%. On growth, CDE holds the edge at +137.8% YoY revenue growth, suggesting stronger near-term business momentum.
| Metric | ||
|---|---|---|
| RevenueTrailing 12 months | $2.2B | $2.6B |
| EBITDAEarnings before interest/tax | $1.4B | $1.2B |
| Net IncomeAfter-tax profit | $570M | $799M |
| Free Cash FlowCash after capex | $215M | $915M |
| Gross MarginGross profit ÷ Revenue | +32.5% | +35.4% |
| Operating MarginEBIT ÷ Revenue | +41.4% | +39.4% |
| Net MarginNet income ÷ Revenue | +25.8% | +31.1% |
| FCF MarginFCF ÷ Revenue | +9.7% | +35.6% |
| Rev. Growth (YoY)Latest quarter vs prior year | +26.0% | +137.8% |
| EPS Growth (YoY)Latest quarter vs prior year | +5.1% | +4.5% |
Valuation Metrics
HBM leads this category, winning 4 of 6 comparable metrics.
Valuation Metrics
At 16.4x trailing earnings, HBM trades at a 21% valuation discount to CDE's 20.8x P/E. On an enterprise value basis, HBM's 9.8x EV/EBITDA is more attractive than CDE's 11.6x.
| Metric | ||
|---|---|---|
| Market CapShares × price | $9.5B | $12.0B |
| Enterprise ValueMkt cap + debt − cash | $10.0B | $11.8B |
| Trailing P/EPrice ÷ TTM EPS | 16.44x | 20.82x |
| Forward P/EPrice ÷ next-FY EPS est. | 15.41x | 9.42x |
| PEG RatioP/E ÷ EPS growth rate | — | 0.40x |
| EV / EBITDAEnterprise value multiple | 9.83x | 11.58x |
| Price / SalesMarket cap ÷ Revenue | 4.33x | 5.81x |
| Price / BookPrice ÷ Book value/share | 2.95x | 3.68x |
| Price / FCFMarket cap ÷ FCF | 48.13x | 18.08x |
Profitability & Efficiency
CDE leads this category, winning 8 of 9 comparable metrics.
Profitability & Efficiency
HBM delivers a 19.2% return on equity — every $100 of shareholder capital generates $19 in annual profit, vs $15 for CDE. CDE carries lower financial leverage with a 0.11x debt-to-equity ratio, signaling a more conservative balance sheet compared to HBM's 0.34x. On the Piotroski fundamental quality scale (0–9), CDE scores 6/9 vs HBM's 5/9, reflecting solid financial health.
| Metric | ||
|---|---|---|
| ROE (TTM)Return on equity | +19.2% | +15.2% |
| ROA (TTM)Return on assets | +9.8% | +11.2% |
| ROICReturn on invested capital | +12.0% | +23.5% |
| ROCEReturn on capital employed | +11.3% | +23.9% |
| Piotroski ScoreFundamental quality 0–9 | 5 | 6 |
| Debt / EquityFinancial leverage | 0.34x | 0.11x |
| Net DebtTotal debt minus cash | $524M | -$188M |
| Cash & Equiv.Liquid assets | $568M | $554M |
| Total DebtShort + long-term debt | $1.1B | $365M |
| Interest CoverageEBIT ÷ Interest expense | 13.44x | 47.33x |
Total Returns (Dividends Reinvested)
Evenly matched — HBM and CDE each lead in 3 of 6 comparable metrics.
Total Returns (Dividends Reinvested)
A $10,000 investment in HBM five years ago would be worth $27,864 today (with dividends reinvested), compared to $20,303 for CDE. Over the past 12 months, CDE leads with a +223.7% total return vs HBM's +212.7%. The 3-year compound annual growth rate (CAGR) favors CDE at 74.6% vs HBM's 65.5% — a key indicator of consistent wealth creation.
| Metric | ||
|---|---|---|
| YTD ReturnYear-to-date | +19.4% | +6.8% |
| 1-Year ReturnPast 12 months | +212.7% | +223.7% |
| 3-Year ReturnCumulative with dividends | +353.7% | +432.4% |
| 5-Year ReturnCumulative with dividends | +178.6% | +103.0% |
| 10-Year ReturnCumulative with dividends | +490.5% | +137.2% |
| CAGR (3Y)Annualised 3-year return | +65.5% | +74.6% |
Risk & Volatility
Evenly matched — HBM and CDE each lead in 1 of 2 comparable metrics.
Risk & Volatility
CDE is the less volatile stock with a 1.81 beta — it tends to amplify market swings less than HBM's 1.91 beta. A beta below 1.0 means the stock typically moves less than the S&P 500. HBM currently trades 83.5% from its 52-week high vs CDE's 67.5% drawdown — a narrower gap to the peak suggests stronger recent price momentum.
| Metric | ||
|---|---|---|
| Beta (5Y)Sensitivity to S&P 500 | 1.91x | 1.81x |
| 52-Week HighHighest price in past year | $28.74 | $27.77 |
| 52-Week LowLowest price in past year | $7.40 | $5.51 |
| % of 52W HighCurrent price vs 52-week peak | +83.5% | +67.5% |
| RSI (14)Momentum oscillator 0–100 | 45.5 | 39.0 |
| Avg Volume (50D)Average daily shares traded | 5.4M | 21.8M |
Analyst Outlook
Insufficient data to determine a leader in this category.
Analyst Outlook
Wall Street rates HBM as "Buy" and CDE as "Buy". Consensus price targets imply 54.7% upside for CDE (target: $29) vs -56.9% for HBM (target: $10).
| Metric | ||
|---|---|---|
| Analyst RatingConsensus buy/hold/sell | Buy | Buy |
| Price TargetConsensus 12-month target | $10.34 | $29.00 |
| # AnalystsCovering analysts | 20 | 21 |
| Dividend YieldAnnual dividend ÷ price | +0.1% | — |
| Dividend StreakConsecutive years of raises | 0 | 0 |
| Dividend / ShareAnnual DPS | $0.01 | — |
| Buyback YieldShare repurchases ÷ mkt cap | 0.0% | +0.1% |
CDE leads in 2 of 6 categories (Income & Cash Flow, Profitability & Efficiency). HBM leads in 1 (Valuation Metrics). 2 tied.
HBM vs CDE: Frequently Asked Questions
10 questions · data-driven answers · updated daily
01Is HBM or CDE a better buy right now?
For growth investors, Coeur Mining, Inc.
(CDE) is the stronger pick with 96. 4% revenue growth year-over-year, versus 8. 9% for Hudbay Minerals Inc. (HBM). Hudbay Minerals Inc. (HBM) offers the better valuation at 16. 4x trailing P/E (15. 4x forward), making it the more compelling value choice. Analysts rate Hudbay Minerals Inc. (HBM) a "Buy" — based on 20 analyst ratings — the highest consensus in this comparison. The "better buy" depends entirely on your goals: growth investors should weight revenue trajectory, value investors should weight P/E and PEG, and income investors should weight dividend yield and streak.
02Which has the better valuation — HBM or CDE?
On trailing P/E, Hudbay Minerals Inc.
(HBM) is the cheapest at 16. 4x versus Coeur Mining, Inc. at 20. 8x. On forward P/E, Coeur Mining, Inc. is actually cheaper at 9. 4x — notably different from the trailing picture, reflecting expected earnings growth.
03Which is the better long-term investment — HBM or CDE?
Over the past 5 years, Hudbay Minerals Inc.
(HBM) delivered a total return of +178. 6%, compared to +103. 0% for Coeur Mining, Inc. (CDE). Over 10 years, the gap is even starker: HBM returned +490. 5% versus CDE's +137. 2%. Past returns do not guarantee future results, and the stock with the higher historical return may already have its best growth priced in.
04Which is safer — HBM or CDE?
By beta (market sensitivity over 5 years), Coeur Mining, Inc.
(CDE) is the lower-risk stock at 1. 81β versus Hudbay Minerals Inc. 's 1. 91β — meaning HBM is approximately 5% more volatile than CDE relative to the S&P 500. On balance sheet safety, Coeur Mining, Inc. (CDE) carries a lower debt/equity ratio of 11% versus 34% for Hudbay Minerals Inc. — giving it more financial flexibility in a downturn.
05Which is growing faster — HBM or CDE?
By revenue growth (latest reported year), Coeur Mining, Inc.
(CDE) is pulling ahead at 96. 4% versus 8. 9% for Hudbay Minerals Inc. (HBM). On earnings-per-share growth, the picture is similar: Hudbay Minerals Inc. grew EPS 630. 0% year-over-year, compared to 500. 0% for Coeur Mining, Inc.. Over a 3-year CAGR, CDE leads at 38. 1% annualised revenue growth. Higher growth typically commands a higher valuation multiple — check whether the premium P/E or P/S is justified by the growth rate using the PEG ratio.
06Which has better profit margins — HBM or CDE?
Coeur Mining, Inc.
(CDE) is the more profitable company, earning 28. 3% net margin versus 26. 3% for Hudbay Minerals Inc. — meaning it keeps 28. 3% of every revenue dollar as bottom-line profit. Operating margin tells a similar story: CDE leads at 36. 3% versus 25. 5% for HBM. At the gross margin level — before operating expenses — CDE leads at 39. 3%, reflecting greater pricing power or product mix advantage. Stronger margins indicate durable pricing power, lower cost of revenue, or higher mix of software/services. They are one of the clearest signs of business quality.
07Is HBM or CDE more undervalued right now?
On forward earnings alone, Coeur Mining, Inc.
(CDE) trades at 9. 4x forward P/E versus 15. 4x for Hudbay Minerals Inc. — 6. 0x cheaper on a one-year earnings basis. Analyst consensus price targets imply the most upside for CDE: 54. 7% to $29. 00.
08Which pays a better dividend — HBM or CDE?
None of the stocks in this comparison currently pay a material dividend.
All are effectively zero-yield and should be held for capital appreciation rather than income.
09Is HBM or CDE better for a retirement portfolio?
For long-horizon retirement investors, Hudbay Minerals Inc.
(HBM) is the stronger choice — it scores higher on the combination of lower volatility, dividend reliability, and long-term compounding (+490. 5% 10Y return). Coeur Mining, Inc. (CDE) carries a higher beta of 1. 81 — meaning larger drawdowns in market downturns, which matters significantly when you cannot wait years for a recovery. Both have compounded well over 10 years (HBM: +490. 5%, CDE: +137. 2%), confirming both are viable long-term holds — but the lower-volatility option typically results in less emotional selling during corrections. Retirement portfolios generally favour predictability over maximum returns. Consult a financial advisor before making allocation decisions.
10What are the main differences between HBM and CDE?
Both stocks operate in the Basic Materials sector, making this a peer-level intra-sector comparison — the same macro tailwinds and headwinds will affect both.
In terms of investment character: HBM is a small-cap deep-value stock; CDE is a mid-cap high-growth stock. These fundamental differences mean investors should not choose between them on a single metric — the "better stock" depends entirely on which of these characteristics aligns with your investment strategy.
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