Research Analysts’ Weekly Ratings Updates for Hudbay Minerals (HBM)

Hudbay Minerals (TSE: HBM) recently received a number of ratings updates from brokerages and research firms:

• 1/29/2026 – Hudbay Minerals was downgraded by analysts at National Bankshares, Inc. from an “outperform” rating to a “sector perform” rating. They now have a C$40.00 price target on the stock, up previously from C$28.00.
• 1/28/2026 – Hudbay Minerals was downgraded by analysts at Natl Bk Canada from a “strong-buy” rating to a “hold” rating.
• 1/26/2026 – Hudbay Minerals had its price target raised by analysts at Desjardins from C$30.00 to C$36.00. They now have a “buy” rating on the stock.
• 1/26/2026 – Hudbay Minerals had its price target raised by analysts at Raymond James Financial, Inc. from C$34.00 to C$36.00. They now have an “outperform” rating on the stock.
• 1/22/2026 – Hudbay Minerals had its price target raised by analysts at TD Securities from C$17.00 to C$43.00. They now have a “buy” rating on the stock.
• 1/19/2026 – Hudbay Minerals had its price target raised by analysts at Jefferies Financial Group Inc. from C$31.00 to C$37.00.
• 1/9/2026 – Hudbay Minerals was given a new C$34.50 price target on by analysts at UBS Group AG. They now have a “buy” rating on the stock.
• 1/8/2026 – Hudbay Minerals was upgraded by analysts at UBS Group AG to a “strong-buy” rating.
• 1/8/2026 – Hudbay Minerals had its price target raised by analysts at Scotiabank from C$26.00 to C$31.00.
• 12/15/2025 – Hudbay Minerals was given a new C$23.00 price target on by analysts at Citigroup Inc.. They now have a “buy” rating on the stock.
• 12/15/2025 – Hudbay Minerals had its price target raised by analysts at Desjardins from C$26.00 to C$30.00. They now have a “buy” rating on the stock.
• 12/10/2025 – Hudbay Minerals had its price target raised by analysts at Royal Bank Of Canada from C$26.00 to C$28.00.
• 12/8/2025 – Hudbay Minerals had its price target raised by analysts at Jefferies Financial Group Inc. from C$27.00 to C$31.00.

Hudbay Minerals Inc is a Canadian mining company with its operations, property developments, and exploration activities across the United States. The major mines that Hudbay operates are located in Manitoba, Canada, Arizona, United States; and Peru. The company is principally focused on the discovery, production, and marketing of base and precious metals. Hudbay produces copper concentrate, which contains copper, gold, and silver, as well as zinc metal. More than half the company’s revenue is attributable to the copper business.