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StocksMedium•11 February 2026•

1 min read

Citigroup Raises Hudbay Minerals (HBM) Price Target to $32.50, Maintains "Buy" Rating

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Citigroup has reaffirmed its "Buy" rating for Hudbay Minerals (HBM) while significantly increasing its price target for the Canadian mining company. The target was raised from $23.00 to $32.50, marking a substantial 41.30% increase. Hudbay Minerals, a key player in base and precious metals, primarily derives its revenue from copper. This upward revision by Citigroup signals a strong positive outlook on HBM's future performance and potential for investor returns. The move is expected to generate considerable interest among market participants.

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