The Globe and Mail reports in its Wednesday edition that Stifel's Cole McGill has cut Arizona Sonoran Copper to "hold" from "buy." The Globe's David Leeder writes that Mr. McGill's share target soared $5.35 to $9.35. Analysts on average target the shares at $7.92. Mr. McGill is "constructive" on Hudbay's deal to buy the remaining shares in Arizona Sonoran. He says in a note: "We see the acquisition implying 0.79 times P/NAV (0.84 times consensus), and recommend Koryx Copper for similar, cycled development exposure (PEA stage, Namibia, updated MRE imminent, trading at 0.57 times [fully funded, risked] or 0.29 times [unfunded, risked 'takeout' NAVPS of $12.73), alongside ATEX Resources for exploration exposure (MRE downside protection at $3.78/sh plus seasonal best time for exploration exposure given breccia accretion amidst -25km drill program)." The Globe reported on Oct. 11, 2024, that Mr. McGill had resumed coverage of Arizona Sonoran with a "buy" rating and $4 share target. The shares could then be had for $1.48. The Globe reported on Sept. 24, 2025, that Desjardins Securities analyst Bryce Adams had commenced coverage on Arizona Sonoran with a "buy" recommendation and $5 share target. It was then worth $2.65.