Stifel Lifts PT on Hudbay Minerals (HBM) to C$17 From C$16.50, Keeps a Buy Rating

Hudbay Minerals Inc. (NYSE:HBM) is one of the best strong buy stocks to buy under $10. On July 22, Stifel analyst Ralph Profiti raised the firm’s price target on Hudbay Minerals Inc. (NYSE:HBM) to C$17 from C$16.50, keeping a Buy rating on the shares.

Is Hudbay Minerals Inc. (HBM) the Best Copper Stock to Buy According to Wall Street Analysts?

An aerial view of a copper mine, showing the intricate workings of heavy machinery.

Hudbay Minerals Inc. (NYSE:HBM) reported $594.9 million in revenue in its fiscal Q1 2025 results, along with a record quarterly adjusted EBITDA of $287.2 million.

The strong results were attributed to record-low consolidated cash cost performance, as all three of the company’s business units executed on their planned strategies and expanded operating cost margins.

Hudbay Minerals Inc. (NYSE:HBM) also reported consolidated copper production of 30,958 tonnes in Q1 2025, in line with the quarterly cadence expectations. However, consolidated gold production for the quarter exceeded the quarterly cadence expectations at 73,784 ounces. This solid performance was driven by outperformance in Manitoba.

Hudbay Minerals Inc. (NYSE:HBM) is a mining company that produces copper concentrate, molybdenum concentrate, and zinc metal. The company’s focus is on the production, discovery, and marketing of base and precious metals.

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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Disclosure: None. This article is originally published at Insider Monkey.