10:48 AM EDT, 05/04/2026 (MT Newswires) -- RBC Capital Markets on Friday maintained Hudbay Minerals'(HBM.TO) outperform rating and C$40 price target.

Hudbay continues to demonstrate stability at its core operations, with a clear and credible path to near and long-term production growth, RBC said.

With guidance reaffirmed across all metrics and a net debt-free balance sheet, RBC remains constructive on the shares.

Hudbay's Copper World project and Cactus projects in Arizona provide long-term upside for the company, RBC said.

Hudbay traded at $30.77 per share at last look Monday on the Toronto Stock Exchange.

Price: 30.80, Change: -0.22, Percent Change: -0.71

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