The disclosure provides catalyst materials useful for hydrogenating olefins and shifting carbon monoxide and methods for using such catalyst materials. In one aspect, the disclosure provides catalyst materials including (a) copper, present in the range of about 20 weight % to about 80 weight %; (b) one or more stabilizer oxides stable under reducing conditions, each stabilizer oxide being a transition metal oxide or a metalloid oxide, the one or more stabilizer oxides being present in a total amount in the range of about 20 weight % to about 70 weight %; and (c) one or more multiple-valence metals, each multiple-valence metal being present in a positive oxidation state, the one or more multiple-valence metals are present in the range of about 0.1 weight % to about 40 weight %, all on an oxide basis.