<p>我们认为所有投资者都应该尝试购买并持有高质量的多年度赢家。多年来，我们见证了一些真正惊人的收益。你不相信吗？那么看看 <strong>Hudbay Minerals Inc.</strong> (TSE:HBM) 的股价。它比五年前上涨了 349%。这只是一些长期投资者所取得的巨大收益的一个例子。另一方面，过去一周股价回落了 5.8%。但请注意，自上周以来，整体市场下跌了 0.6%，这可能影响了 Hudbay Minerals 的股价。</p>
<p>鉴于过去一周股价下跌了 5.8%，我们想调查更长期的故事，看看基本面是否推动了公司积极的五年回报。</p>
<p>我们发现 21 只美国股票预计明年将支付超过 6% 的股息收益率。查看完整列表，免费获取。</p>
<p>尽管有效市场假说仍然被一些人教授，但市场被证明是过度反应的动态系统，投资者并不总是理性。评估公司情绪变化的一个有缺陷但合理的方法是将每股收益（EPS）与股价进行比较。</p>
<p>在过去的五年中，Hudbay Minerals 实现了盈利。有时，盈利的开始是一个主要的转折点，可能预示着快速的收益增长，这反过来又证明了非常强劲的股价上涨。</p>
<p>你可以在下面看到 EPS 随时间的变化（点击图片可发现确切值）。</p>
<p><img src="https://imageproxy.pbkrs.com/https://images.simplywall.st/asset/chart/1789909-earnings-per-share-growth-1-dark/1743344894545?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" alt="" original-src="https://imageproxy.pbkrs.com/https://images.simplywall.st/asset/chart/1789909-earnings-per-share-growth-1-dark/1743344894545"/></p>
<p>TSX:HBM 每股收益增长 2025 年 3 月 30 日</p>
<p>值得注意的是，我们在上个季度看到显著的内部人士买入，这被我们视为积极信号。另一方面，我们认为收入和收益趋势是衡量业务更有意义的指标。查看我们关于 Hudbay Minerals 的收益、收入和现金流的 <strong>免费</strong> 报告可能非常值得。</p>
<h2>股息情况如何？</h2>
<p>考虑任何给定股票的总股东回报以及股价回报是很重要的。总股东回报（TSR）是一种回报计算，考虑了现金股息的价值（假设收到的任何股息都被再投资）以及任何折价融资和分拆的计算价值。可以公平地说，TSR 为支付股息的股票提供了更完整的图景。我们注意到，Hudbay Minerals 在过去五年的 TSR 为 354%，这比上述的股价回报更好。显然，股息支付在很大程度上解释了这种差异！</p>
<h2>不同的视角</h2>
<p>很高兴看到 Hudbay Minerals 的股东在过去一年中获得了 16% 的总股东回报。这包括股息。话虽如此，五年的年均 TSR 为 35%，更为出色。悲观的观点可能是这只股票的最佳时期已经过去，但另一方面，股价可能只是适度调整，而业务本身仍在持续执行。如果你想进一步研究这只股票，内部人士买入的数据显然是一个好的起点。你可以点击这里查看谁在购买股票——以及他们支付的价格。</p>
<p>Hudbay Minerals 并不是唯一一只内部人士在买入的股票。所以请查看这份 <strong>免费</strong> 列表，里面是一些内部人士正在购买的估值吸引的小型公司。</p>
<p><em>请注意，本文中引用的市场回报反映了目前在加拿大交易所交易的股票的市场加权平均回报。</em></p>

<p>Hudbay Minerals（多伦多证券交易所代码：HBM）在过去一周的股价下跌了 5.8%，导致市值损失了 2.69 亿加元。然而，股东在过去五年中享受到了惊人的 354% 的总股东回报率（TSR），这得益于公司的盈利能力和分红。尽管近期波动频繁，但长期前景依然乐观，内部人士的显著买入也表明了这一点。该公司五年的年均 TSR 为 35%，显示出强劲的表现，这表明尽管股价可能正在稳定，但业务基本面仍然支持增长</p>

<p>We think all investors should try to buy and hold high quality multi-year winners. And we've seen some truly amazing gains over the years. Don't believe it? Then look at the <strong>Hudbay Minerals Inc.</strong> (TSE:HBM) share price. It's 349% higher than it was five years ago. And this is just one example of the epic gains achieved by some long term investors. On the other hand, the stock price has retraced 5.8% in the last week. But note that the broader market is down 0.6% since last week, and this may have impacted Hudbay Minerals' share price.</p>
<div class="lb-trans"><p>我们认为所有投资者都应该尝试购买并持有高质量的多年度赢家。多年来，我们见证了一些真正惊人的收益。你不相信吗？那么看看 <strong>Hudbay Minerals Inc.</strong> (TSE:HBM) 的股价。它比五年前上涨了 349%。这只是一些长期投资者所取得的巨大收益的一个例子。另一方面，过去一周股价回落了 5.8%。但请注意，自上周以来，整体市场下跌了 0.6%，这可能影响了 Hudbay Minerals 的股价。</p>
</div><p>In light of the stock dropping 5.8% in the past week, we want to investigate the longer term story, and see if fundamentals have been the driver of the company's positive five-year return.</p>
<div class="lb-trans"><p>鉴于过去一周股价下跌了 5.8%，我们想调查更长期的故事，看看基本面是否推动了公司积极的五年回报。</p>
</div><p>We've found 21 US stocks that are forecast to pay a dividend yield of over 6% next year. See the full list for free.</p>
<div class="lb-trans"><p>我们发现 21 只美国股票预计明年将支付超过 6% 的股息收益率。查看完整列表，免费获取。</p>
</div><p>While the efficient markets hypothesis continues to be taught by some, it has been proven that markets are over-reactive dynamic systems, and investors are not always rational. One flawed but reasonable way to assess how sentiment around a company has changed is to compare the earnings per share (EPS) with the share price.</p>
<div class="lb-trans"><p>尽管有效市场假说仍然被一些人教授，但市场被证明是过度反应的动态系统，投资者并不总是理性。评估公司情绪变化的一个有缺陷但合理的方法是将每股收益（EPS）与股价进行比较。</p>
</div><p>During the last half decade, Hudbay Minerals became profitable. Sometimes, the start of profitability is a major inflection point that can signal fast earnings growth to come, which in turn justifies very strong share price gains.</p>
<div class="lb-trans"><p>在过去的五年中，Hudbay Minerals 实现了盈利。有时，盈利的开始是一个主要的转折点，可能预示着快速的收益增长，这反过来又证明了非常强劲的股价上涨。</p>
</div><p>You can see below how EPS has changed over time (discover the exact values by clicking on the image).</p>
<div class="lb-trans"><p>你可以在下面看到 EPS 随时间的变化（点击图片可发现确切值）。</p>
</div><p><img src="https://imageproxy.pbkrs.com/https://images.simplywall.st/asset/chart/1789909-earnings-per-share-growth-1-dark/1743344894545" alt="" original-src="https://images.simplywall.st/asset/chart/1789909-earnings-per-share-growth-1-dark/1743344894545"/></p>
<p>TSX:HBM Earnings Per Share Growth March 30th 2025</p>
<div class="lb-trans"><p>TSX:HBM 每股收益增长 2025 年 3 月 30 日</p>
</div><p>It's probably worth noting we've seen significant insider buying in the last quarter, which we consider a positive. On the other hand, we think the revenue and earnings trends are much more meaningful measures of the business. It might be well worthwhile taking a look at our <strong>free</strong> report on Hudbay Minerals' earnings, revenue and cash flow.</p>
<div class="lb-trans"><p>值得注意的是，我们在上个季度看到显著的内部人士买入，这被我们视为积极信号。另一方面，我们认为收入和收益趋势是衡量业务更有意义的指标。查看我们关于 Hudbay Minerals 的收益、收入和现金流的 <strong>免费</strong> 报告可能非常值得。</p>
</div><h2>What About Dividends?</h2>
<div class="lb-trans"><h2>股息情况如何？</h2>
</div><p>It is important to consider the total shareholder return, as well as the share price return, for any given stock. The TSR is a return calculation that accounts for the value of cash dividends (assuming that any dividend received was reinvested) and the calculated value of any discounted capital raisings and spin-offs. It's fair to say that the TSR gives a more complete picture for stocks that pay a dividend. We note that for Hudbay Minerals the TSR over the last 5 years was 354%, which is better than the share price return mentioned above. And there's no prize for guessing that the dividend payments largely explain the divergence!</p>
<div class="lb-trans"><p>考虑任何给定股票的总股东回报以及股价回报是很重要的。总股东回报（TSR）是一种回报计算，考虑了现金股息的价值（假设收到的任何股息都被再投资）以及任何折价融资和分拆的计算价值。可以公平地说，TSR 为支付股息的股票提供了更完整的图景。我们注意到，Hudbay Minerals 在过去五年的 TSR 为 354%，这比上述的股价回报更好。显然，股息支付在很大程度上解释了这种差异！</p>
</div><h2>A Different Perspective</h2>
<div class="lb-trans"><h2>不同的视角</h2>
</div><p>It's nice to see that Hudbay Minerals shareholders have received a total shareholder return of 16% over the last year. That's including the dividend. Having said that, the five-year TSR of 35% a year, is even better. The pessimistic view would be that be that the stock has its best days behind it, but on the other hand the price might simply be moderating while the business itself continues to execute. If you want to research this stock further, the data on insider buying is an obvious place to start. You can click here to see who has been buying shares - and the price they paid.</p>
<div class="lb-trans"><p>很高兴看到 Hudbay Minerals 的股东在过去一年中获得了 16% 的总股东回报。这包括股息。话虽如此，五年的年均 TSR 为 35%，更为出色。悲观的观点可能是这只股票的最佳时期已经过去，但另一方面，股价可能只是适度调整，而业务本身仍在持续执行。如果你想进一步研究这只股票，内部人士买入的数据显然是一个好的起点。你可以点击这里查看谁在购买股票——以及他们支付的价格。</p>
</div><p>Hudbay Minerals is not the only stock insiders are buying. So take a peek at this <strong>free</strong> list of small cap companies at attractive valuations which insiders have been buying.</p>
<div class="lb-trans"><p>Hudbay Minerals 并不是唯一一只内部人士在买入的股票。所以请查看这份 <strong>免费</strong> 列表，里面是一些内部人士正在购买的估值吸引的小型公司。</p>
</div><p><em>Please note, the market returns quoted in this article reflect the market weighted average returns of stocks that currently trade on Canadian exchanges.</em></p>
<div class="lb-trans"><p><em>请注意，本文中引用的市场回报反映了目前在加拿大交易所交易的股票的市场加权平均回报。</em></p>
</div>

尽管 Hudbay Minerals（TSE:HBM）在过去 7 天内市值损失了 2.69 亿加元，但股东在过去 5 年内的收益仍然上涨了 354%