HBM vs FCX vs TECK

For growth investors, Teck Resources Limited (TECK) is the stronger pick with 18.

6% revenue growth year-over-year, versus 1. 1% for Freeport-McMoRan Inc. (FCX). Hudbay Minerals Inc. (HBM) offers the better valuation at 16. 3x trailing P/E (15. 3x 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, Hudbay Minerals Inc.

(HBM) is the cheapest at 16. 3x versus Freeport-McMoRan Inc. at 39. 9x. On forward P/E, Teck Resources Limited is actually cheaper at 13. 0x — notably different from the trailing picture, reflecting expected earnings growth.

Over the past 5 years, Hudbay Minerals Inc.

(HBM) delivered a total return of +159. 2%, compared to +44. 3% for Freeport-McMoRan Inc. (FCX). Over 10 years, the gap is even starker: TECK returned +599. 3% versus FCX's +507. 7%. 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), Teck Resources Limited (TECK) is the lower-risk stock at 1.

73β versus Hudbay Minerals Inc. 's 1. 91β — meaning HBM is approximately 10% more volatile than TECK relative to the S&P 500. On balance sheet safety, Hudbay Minerals Inc. (HBM) carries a lower debt/equity ratio of 34% versus 40% for Teck Resources Limited — giving it more financial flexibility in a downturn.

By revenue growth (latest reported year), Teck Resources Limited (TECK) is pulling ahead at 18.

6% versus 1. 1% for Freeport-McMoRan Inc. (FCX). On earnings-per-share growth, the picture is similar: Hudbay Minerals Inc. grew EPS 630. 0% year-over-year, compared to 16. 9% for Freeport-McMoRan Inc.. Over a 3-year CAGR, HBM leads at 14. 6% 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.

Hudbay Minerals Inc.

(HBM) is the more profitable company, earning 26. 3% net margin versus 8. 6% for Freeport-McMoRan Inc. — meaning it keeps 26. 3% of every revenue dollar as bottom-line profit. Operating margin tells a similar story: HBM leads at 25. 5% versus 16. 5% for TECK. At the gross margin level — before operating expenses — HBM leads at 29. 1%, 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.

On forward earnings alone, Teck Resources Limited (TECK) trades at 13.

0x forward P/E versus 22. 4x for Freeport-McMoRan Inc. — 9. 4x cheaper on a one-year earnings basis. Analyst consensus price targets imply the most upside for FCX: 10. 5% to $67. 00.

In this comparison, FCX (1.

0% yield), TECK (0. 6% yield) pay a dividend. HBM does not pay a meaningful dividend and should not be held primarily for income.

For long-horizon retirement investors, Teck Resources Limited (TECK) is the stronger choice — it scores higher on the combination of lower volatility, dividend reliability, and long-term compounding (0.

6% yield, +599. 3% 10Y return). Hudbay Minerals Inc. (HBM) carries a higher beta of 1. 91 — meaning larger drawdowns in market downturns, which matters significantly when you cannot wait years for a recovery. Both have compounded well over 10 years (TECK: +599. 3%, HBM: +552. 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.

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; FCX is a mid-cap quality compounder stock; TECK is a mid-cap high-growth stock. FCX, TECK pay a dividend while HBM does 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.