The Globe and Mail reports in its Wednesday, April 12, edition that in a research report released Tuesday titled From Prospecting to Prosperity, Eight Capital analysts Ralph Profiti and Puneet Singh predicted "moderate-to-severe" price spikes for copper over the next three to five years following nearly a decade of under investment in supply levels. The Globe's David Leeder writes that the Eight Capital analysts said: "Prices are well below the incentive price based on our analysis. ... We believe the copper mining industry is entering a prosperity-phase where prices are likely to surprise to the upside. ... We could see an upside of 20 to 50 per cent in copper equities compared to current prices." The Eight Capital analysts named Hudbay Minerals one of their "top sector picks." They said, "Hudbay's organic growth pipeline offers medium- to long-term copper production optionality through Copper World." They rate Hudbay "buy" with an $11 share target. Analysts on average target the shares at $9.39. The Globe reported on March 15 that Scotia Capital's Orest Wowkodaw rated Hudbay "sector outperform." In the item Mr. Wowkodaw said, "Hudbay ranks very well on valuation." The shares could then be had for $6.37.