Barclays raises target for Hudbay Minerals stock to CAD 46.00

Published on 10/08/2026 at 20:23 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Snow Lake runs to 2043 after two more reserve years. Hudbay Minerals stock costs EUR 22.47 on October 8, 2026, versus EUR 23.11, down 2.77 percent.

Key points in brief

Barclays raised its Hudbay Minerals price target from CAD 45.00 to CAD 46.00 on October 6, 2026.
Snow Lake reserves now support mining to 2043, with average gold production of 185,000 ounces from 2026 to 2030.
Hudbay Minerals stock was at EUR 22.47 at Lang & Schwarz on October 8, 2026, down 2.77 percent versus the prior close.

HBM, CA4436281022, Illustration mit AI erstellt.

Hudbay Minerals stock (CA4436281022) was trading at EUR 22.47 at Lang & Schwarz on October 8, 2026, while Markets Insider reported on October 6 that Barclays raised its Hudbay Minerals target from CAD 45.00 to CAD 46.00. The move keeps the Overweight rating and places the latest target 2.22 percent above the previous target.

Three dated operating signals

On July 29, 2026, Hudbay reported second-quarter revenue of USD 631.30 million, up 17.70 percent year over year, according to MarketBeat. On September 28, 2026, Hudbay extended Snow Lake's reserve mine life to 2043 and set average gold production at 185,000 ounces for 2026 through 2030, according to FinanzNachrichten. On October 6, Barclays then lifted its target from CAD 45.00 to CAD 46.00.

What does Snow Lake add?

The updated plan raises five-year average gold production by 37 percent against the 2021 technical report and increases life-of-mine gold production by 60 percent to 2.8 million ounces, according to FinanzNachrichten. The reserve estimate reached 27.0 million tonnes containing 2.0 million ounces of gold, a 38 percent increase in tonnage from January 1, 2026.

Next project milestones

Hudbay's plan schedules full production at the 1901 project for late 2027 and commissioning of the Stall hot tailings leaching project for early 2028, according to FinanzNachrichten. The milestones give the reserve extension an operating timetable while Hudbay continues to develop its copper pipeline in Canada, Peru and the United States.

After-hours stock move

At Lang & Schwarz, Hudbay Minerals stock was trading at EUR 22.47 on October 8, 2026 at 8:13 p.m. CEST in after-hours trading, down 2.77 percent versus the prior close of EUR 23.11 on October 7, 2026. The primary listings are the NYSE and TSX, where the finance quote showed USD 25.20 on October 8, 2026 at 2:21 p.m. ET, with a USD 14.34 to USD 32.15 52-week range and USD 11.2 billion market capitalization. The further course of trading is shown by the continuously updated real-time quote of Hudbay Minerals stock.