BofA Raises its Price Target on Hudbay Minerals Inc. (HBM) to $32.50 and Maintains a Buy Rating

Hudbay Minerals Inc. (NYSE:HBM) is among the 15 Best Stocks to Buy and Hold for the Next 10 Years.

On February 26, 2026, BofA raised its price target on Hudbay Minerals Inc. (NYSE:HBM) to $32.50 from $27.50 and maintained a Buy rating. The firm said it is updating price targets across its North American Metals and Mining coverage following revised 2026 metal price forecasts.

On February 23, 2026, Scotiabank lowered its price target on Hudbay Minerals to C$35.50 from C$37 and kept an Outperform rating.

On February 20, 2026, Hudbay reported Q4 adjusted EPS of 22c versus 39c consensus and revenue of $732.9M compared with $734.56M consensus. President and CEO Peter Kukielski said, “2025 was a transformative year for Hudbay,” highlighting record annual revenue of $2.2B and more than $1B in adjusted EBITDA, supported by an 11th consecutive year of meeting consolidated copper production guidance. Kukielski added that the company generated over $380M in free cash flow and delivered record throughput in Manitoba, strong performance in Peru driven by high-grade Pampacancha ore, and completion of the SAG mill feed system in British Columbia while meeting copper and gold production targets and outperforming cost guidance.

Hudbay Minerals Inc. (NYSE:HBM) is a diversified mining company focused on exploration, development, and operation of properties in North and South America, producing copper, gold, silver, zinc, and molybdenum concentrates.

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: 12 Best Tech Stocks that Beat Earnings Estimates and 40 Most Popular Stocks Among Hedge Funds Heading Into 2026.

Disclosure: None. Follow Insider Monkey on Google News.