Hudbay Minerals Inc. (HBM) Price Target Analysis
Wall Street analyst price targets, ratings consensus & upside potential · Updated May 1, 2026
Current Price
$24.00
Price Target
$10.34
Target Range
$10.34 — $10.34
Analyst Rating
Buy
Forward P/E15.4x
Trailing P/E16.4x
Forward PEG—
Implied Growth+9.2%
Median Target$10.34
Analyst Spread0.0%
Price Forecast (1 Year)
Last 12 months price action with 12-month analyst target path
Bear Case
$10
-56.9%
Consensus
$10
-56.9%
Bull Case
$10
-56.9%
HBM Price Target Analysis
Updated May 6, 2026As of May 6, 2026, Hudbay Minerals Inc. (HBM) has a Wall Street consensus price target of $10.34, based on estimates from 20 covering analysts. With the stock currently trading at $24.00, this represents a potential downside of -56.9%. The company has a market capitalization of $9.52B.
Analyst price targets range from a low of $10.34 to a high of $10.34, representing a 0% spread in expectations. The median target of $10.34 aligns closely with the consensus average. The tight target dispersion indicates high conviction among analysts.
The current analyst consensus rating is Buy, with 12 analysts rating the stock as a Buy or Strong Buy,8 rating it Hold, and 0 rating it Sell or Strong Sell. The positive sentiment balance indicates moderate optimism about the stock prospects.
From a valuation perspective, HBM trades at a trailing P/E of 16.4x and forward P/E of 15.4x. Analysts expect EPS to grow +9.2% over the next year.
Investment Context: Price targets represent analyst expectations for the next 12 months and should be considered alongside your own research. Targets are based on analysts' assumptions about earnings growth, margins, and market conditions which may change. For sector-specific context, view other Basic Materials stocks.
Analyst Sentiment Comparison
Industry Peer AnalysisAvg Peer Upside+3.8%
Avg Forward P/E13.4x
Peers with Coverage10 / 10
| Company | Market Cap | Price | Target | Upside | Rating | Fwd P/E | Analysts |
|---|---|---|---|---|---|---|---|
 FCXFreeport-McMoRan Inc. | $87.5B | $60.89 | $67.00 | +10.0% | Buy | 22.5x | 41 |
 TECKTeck Resources Limited | $29.9B | $62.01 | $64.50 | +4.0% | Buy | 13.3x | 26 |
 EROEro Copper Corp. | $2.8B | $27.07 | $31.50 | +16.4% | Hold | 6.6x | 3 |
 NEXANexa Resources S.A. | $2.2B | $16.72 | $11.10 | -33.6% | Hold | 7.6x | 10 |
 CDECoeur Mining, Inc. | $12.0B | $18.74 | $29.00 | +54.7% | Buy | 9.4x | 21 |
 SCCOSouthern Copper Corporation | $151.9B | $183.91 | $156.40 | -15.0% | Hold | 26.0x | 30 |
 RIORio Tinto Group | $210.6B | $105.50 | $101.75 | -3.6% | Hold | 12.9x | 31 |
 BHPBHP Group Limited | $214.1B | $84.33 | $71.50 | -15.2% | Hold | 16.7x | 31 |
 VALEVale S.A. | $72.0B | $16.49 | $16.65 | +1.0% | Hold | 8.2x | 37 |
 NEMNewmont Corporation | $127.5B | $115.10 | $137.50 | +19.5% | Buy | 11.0x | 36 |
Upside Potential Comparison
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Start ComparisonHBM — Frequently Asked Questions
Quick answers to the most common questions about buying HBM stock.
What is the HBM stock price target for 2026?
HBM's consensus price target is $10.34, -56.9% below the current price of $24. The 20 analysts tracking HBM see downside risk at present valuations.
Is HBM a buy, sell, or hold?
HBM has a consensus rating of "Buy" based on 20 Wall Street analysts. The rating breakdown is predominantly bullish, with 12 Buy/Strong Buy ratings. The consensus 12-month price target of $10.34 implies -56.9% downside from current levels.
Is HBM stock overvalued or undervalued?
With a forward P/E of 15.4073x, HBM trades at a relatively low valuation. The consensus target of $10.34 implies -56.9% move, suggesting the market may be pricing in risks.
How high can HBM stock go?
The most bullish Wall Street analyst has a price target of $10.3447 for HBM, while the most conservative target is $10.3447. The consensus of $10.34 represents the median expectation. These targets typically reflect 12-month expectations.
How many analysts cover HBM stock?
HBM is well covered by analysts, with 20 analysts providing price targets and ratings. Of these, 0 have Strong Buy ratings, 12 have Buy ratings, 8 recommend Hold, and 0 have Sell or Strong Sell ratings. Higher analyst coverage generally indicates greater institutional interest and more reliable consensus estimates.
What is the HBM stock forecast?
The 12-month HBM stock forecast based on 20 Wall Street analysts shows a consensus price target of $10.34, with estimates ranging from $10.3447 (bear case) to $10.3447 (bull case). The median consensus rating is "Buy".
What is HBM's forward P/E ratio?
HBM trades at a forward P/E ratio of 15.4x based on next-twelve-months earnings estimates compared to a trailing P/E of 16.4x. The lower forward P/E indicates analysts expect earnings growth. A forward P/E is useful for comparing valuations when earnings are expected to change significantly.
Should I buy HBM stock?
Analysts are cautious on HBM, with 0 Sell ratings and a price target of $10.34 (-56.9% from current price). The "Buy" consensus suggests careful evaluation before buying. This information is for educational purposes only. Always conduct your own research, consider your financial situation, and consult a financial advisor before making investment decisions.
Why do HBM price targets vary so much?
HBM analyst price targets range from $10.3447 to $10.3447, a 0% tight range reflecting strong analyst consensus. Differences stem from varying assumptions about revenue growth, profit margins, competitive dynamics, and valuation multiples. The $10.34 consensus represents the middle ground.