RBC Capital Raises PT on Hudbay Minerals Inc. (HBM) Citing its Partnership with Mitsubishi Corporation

Hudbay Minerals Inc. (NYSE:HBM) is included in our list of the 10 Unstoppable Canadian Stocks to Buy Now.

On August 14, 2025, RBC Capital increased its price target on Hudbay Minerals Inc. (NYSE:HBM) from $12.26 to $13.70, maintaining an ‘Outperform’ rating.

The price revision reflects Hudbay Minerals Inc. (NYSE:HBM)’s partnership with Mitsubishi Corporation. Under the agreement, Mitsubishi acquired a 30% stake in the company’s Copper World project in Arizona. Furthermore, the analyst cited the company’s revision of its streaming agreement with Wheaton Precious, which, alongside the Mitsubishi partnership, is pivotal in advancing Copper World toward a 2026 sanction decision and targeted 2029 production.

Looking ahead, RBC Capital remains confident in Hudbay Minerals Inc. (NYSE:HBM)’s ability to de-risk the project and unlock long-term value for its shareholders.

With key operations in the Americas, Hudbay Minerals Inc. (NYSE:HBM), a Canada-based mining company, focuses on the discovery, production, and development of base and precious metals. It is one of the unstoppable stocks.

While we acknowledge the potential of HBM as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.

READ NEXT: 13 Best Oil Refinery Stocks to Buy Right Now and 13 Hot Oil Stocks to Buy Now.

Disclosure: None.