Hudbay Minerals (HBM) has reached a 52-week high, rising 5.01% in regular trading amid positive market conditions.
The company announced a partnership with the Japan Organization for Metals & Energy Security, securing at least C$6M in funding to enhance exploration in northern Manitoba. This partnership includes an option for JOGMEC to purchase a 10% stake in three projects, with Hudbay acting as the operator, which is expected to solidify its market position and boost resource development potential. This agreement also continues Hudbay's historical cooperation with Marubeni, which has rights to acquire a 20% stake upon funding at least C$12M in exploration.
This funding and partnership are likely to enhance Hudbay's exploration capabilities and market presence, positioning the company favorably for future growth.
Wall Street analysts forecast HBM stock price to fall over the next 12 months. According to Wall Street analysts, the average 1-year price target for HBM is 20.63 USD with a low forecast of 17.24 USD and a high forecast of 24.79 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
10 Analyst Rating
Wall Street analysts forecast HBM stock price to fall over the next 12 months. According to Wall Street analysts, the average 1-year price target for HBM is 20.63 USD with a low forecast of 17.24 USD and a high forecast of 24.79 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
10 Buy
0 Hold
0 Sell
Strong Buy
Current: 25.430
Low
17.24
Averages
20.63
High
24.79
Current: 25.430
Low
17.24
Averages
20.63
High
24.79
Scotiabank
Orest Wowkodaw
maintain
$31 -> $37
2026-01-26
New
Reason
Scotiabank
Orest Wowkodaw
Price Target
$31 -> $37
AI Analysis
2026-01-26
New
maintain
Reason
Scotiabank analyst Orest Wowkodaw raised the firm's price target on Hudbay Minerals to C$37 from C$31 and keeps an Outperform rating on the shares.
TD Securities
NULL
to
Buy
upgrade
$17 -> $43
2026-01-22
Reason
TD Securities
Price Target
$17 -> $43
2026-01-22
upgrade
NULL
to
Buy
Reason
TD Securities resumed coverage of Hudbay Minerals following the close of the Copper World sale with a Buy rating and a price target of C$43, up from C$17. During the firm's period of restriction, copper and gold prices have increased materially, which is captured in the firm's revised estimates and increased price target, the analyst tells investors.
Unlock Full Analyst Thesis， Get the complete breakdown of rating reason for HBM
Unlock Now
UBS
George Eadie
Buy
initiated
$34.50
2026-01-08
Reason
UBS
George Eadie
Price Target
$34.50
2026-01-08
initiated
Buy
Reason
UBS analyst George Eadie initiated coverage of Hudbay Minerals with a Buy rating and C$34.50 price target. The firm says Hudbay is "diversified" copper producer with a "strong and organically funded" pathway to grow production in 2030 as Copper World ramps up, the analyst tells investors in a research note.
Citi
Buy
initiated
$23
2025-12-15
Reason
Citi
Price Target
$23
2025-12-15
initiated
Buy
Reason
Citi initiated coverage of Hudbay Minerals with a Buy rating and $23 price target. The firm sees the company's production lifting in the near-term and finds the stock attractively valued at current levels.
About HBM
Hudbay Minerals Inc. is a Canada-based copper-focused critical minerals company with three operations and a pipeline of copper growth projects in tier-one mining jurisdictions of Canada, Peru and the United States. The Company's operating portfolio includes the Constancia mine in Cusco (Peru), the Snow Lake operations in Manitoba (Canada) and the Copper Mountain mine in British Columbia (Canada). The Company's growth pipeline includes the Copper World project in Arizona (United States), the Mason project in Nevada (United States), the Llaguen project in La Libertad (Peru) and several expansion and exploration opportunities near its existing operations. The Copper Mountain Mine, located south of Princeton, British Columbia, is a conventional open pit, truck and shovel operation. The Constancia mine is located in the province of Chumbivilcas in southern Peru. Its primary production is copper, complemented by gold production and by-products, such as zinc, silver, and molybdenum.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
