Is HBM or IE more undervalued in 2026?

CirclFi compares Hudbay Minerals Inc. (HBM) and Ivanhoe Electric Inc. (IE) using 13 institutional-grade valuation models. HBM has a Quality of Company score of 2.2/10 while IE scores 6.0/10.

Which is a better buy — HBM or IE?

Compare intrinsic values from 13 independent models against current market prices. CirclFi also calculates Value Trap scores. This is not financial advice — conduct your own analysis.

How do HBM and IE valuations compare?

HBM at $28.23 and IE at $13.72 are compared across Bayesian DCF, EPV, EROIC Spread, First Chicago, Markov DDM, and 8 additional models.

HBM vs IE Valuation Comparison 2026 — Intrinsic Value Analysis

HBM

Copper

Hudbay Minerals Inc.

Quality

2.2

out of 10

Value Trap

SAFE

Price

$28.23

Last close

Models

13/13

Active

IE

Copper

Ivanhoe Electric Inc.

Quality

6.0

out of 10

Value Trap

SAFE

Price

$13.72

Last close

Models

12/13

Active

Model-by-Model Comparison

Model	Type	HBM Fair Value	HBM Upside	IE Fair Value	IE Upside
Bayesian DCF	Intrinsic	$13.20	-53.2%	$4.97	-63.8%
Earnings Power Value	Intrinsic	$10.60	-55.8%	$0.47	-96.4%
EROIC Spread	Intrinsic	$•••.••	••.•%	$•••.••	••.•%
First Chicago	Scenario	$•••.••	••.•%	$•••.••	••.•%
Markov DDM	Intrinsic	$•••.••	••.•%	$•••.••	••.•%
ML-RIV	Intrinsic	$•••.••	••.•%	$•••.••	••.•%
Dynamic NAV	Asset-Based	$•••.••	••.•%	$•••.••	••.•%
PWERM	Option-Based	$•••.••	••.•%	$•••.••	••.•%
Regime Cross-Sectional	Relative	$•••.••	••.•%	$•••.••	••.•%
Sentiment SOTP	Hybrid	$•••.••	••.•%	$•••.••	••.•%
CUCE Ensemble	Ensemble	$•••.••	••.•%	$•••.••	••.•%
FTNN Topology	Relative	$•••.••	••.•%	$•••.••	••.•%
RCMH-DCF	Intrinsic	$•••.••	••.•%	$•••.••	••.•%

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HBM vs IE — Which Stock Is More Undervalued?

IE scores higher with a 6.0/10 quality rating vs HBM's 2.2/10. Both stocks are analyzed daily using SEC EDGAR filings across 13 independent models.

Comparing Hudbay Minerals Inc. (HBM) and Ivanhoe Electric Inc. (IE) across 13 institutional-grade valuation models reveals how each company's intrinsic value stacks up against its market price. CirclFi's engine processes SEC EDGAR 10-K and 10-Q filings, FRED macroeconomic data, and GDELT news sentiment to generate independent fair value estimates daily.

HBM currently trades at $28.23 with a QOC of 2.2/10, while IE trades at $13.72 with a QOC of 6.0/10.

Both companies are analyzed with models spanning intrinsic (Bayesian DCF, EPV), scenario-based (First Chicago), regime-switching (Markov DDM, RCMH-DCF), machine learning (ML-RIV, FTNN Topology), and ensemble methods (CUCE).