HBM vs CDE vs PAAS vs KGC

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). Kinross Gold Corporation (KGC) offers the better valuation at 15. 3x trailing P/E (9. 7x 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.

On trailing P/E, Kinross Gold Corporation (KGC) is the cheapest at 15.

3x versus Pan American Silver Corp. at 22. 1x. On forward P/E, Coeur Mining, Inc. is actually cheaper at 9. 1x — notably different from the trailing picture, reflecting expected earnings growth. The PEG ratio (P/E divided by earnings growth rate) is the most growth-adjusted single valuation metric: Coeur Mining, Inc. wins at 0. 17x versus Kinross Gold Corporation's 0. 78x — a PEG below 1. 0 traditionally signals the market is underpricing earnings growth.

Over the past 5 years, Kinross Gold Corporation (KGC) delivered a total return of +301.

4%, compared to +71. 4% for Pan American Silver Corp. (PAAS). Over 10 years, the gap is even starker: HBM returned +552. 2% versus CDE's +149. 9%. Past returns do not guarantee future results, and the stock with the higher historical return may already have its best growth priced in.

By beta (market sensitivity over 5 years), Kinross Gold Corporation (KGC) is the lower-risk stock at 0.

69β versus Hudbay Minerals Inc. 's 1. 91β — meaning HBM is approximately 178% more volatile than KGC relative to the S&P 500. On balance sheet safety, Kinross Gold Corporation (KGC) carries a lower debt/equity ratio of 9% versus 34% for Hudbay Minerals Inc. — giving it more financial flexibility in a downturn.

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: Pan American Silver Corp. grew EPS 741. 9% year-over-year, compared to 158. 4% for Kinross Gold Corporation. 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.

Kinross Gold Corporation (KGC) is the more profitable company, earning 33.

9% net margin versus 26. 3% for Hudbay Minerals Inc. — meaning it keeps 33. 9% of every revenue dollar as bottom-line profit. Operating margin tells a similar story: KGC leads at 43. 2% versus 25. 5% for HBM. At the gross margin level — before operating expenses — KGC leads at 47. 5%, 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.

The PEG ratio (forward P/E divided by expected earnings growth rate) is the most precise measure of undervaluation relative to growth potential.

By this metric, Coeur Mining, Inc. (CDE) is the more undervalued stock at a PEG of 0. 17x versus Kinross Gold Corporation's 0. 78x. A PEG below 1. 0 is traditionally considered the threshold for growth-adjusted undervaluation. On forward earnings alone, Coeur Mining, Inc. (CDE) trades at 9. 1x forward P/E versus 15. 3x for Hudbay Minerals Inc. — 6. 2x cheaper on a one-year earnings basis. Analyst consensus price targets imply the most upside for CDE: 60. 1% to $29. 00.

In this comparison, PAAS (0.

8% yield), KGC (0. 4% yield) pay a dividend. HBM, CDE do not pay a meaningful dividend and should not be held primarily for income.

For long-horizon retirement investors, Pan American Silver Corp.

(PAAS) is the stronger choice — it scores higher on the combination of lower volatility, dividend reliability, and long-term compounding (low volatility (β 0. 74), 0. 8% yield, +326. 1% 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 (PAAS: +326. 1%, CDE: +149. 9%), 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.

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; PAAS is a mid-cap high-growth stock; KGC is a mid-cap high-growth stock. PAAS pays a dividend while HBM, CDE, KGC do not, making them suitable for different income and tax situations. 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.