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.

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

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 to grow, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than HBM and that has 100x upside potential, check out our report about this cheapest AI stock.

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