The Globe and Mail reports in its Friday, Nov. 14, edition that National Bank Financial analyst Shane Nagle is sticking with his "outperform" recommendation for Hudbay Minerals. The Globe's David Leeder writes in the Eye On Equities column that Mr. Nagle gave his share target a $1.50 boost to $26.50. Analysts on average target the shares at $23.46. Mr. Nagle says in a note: "We anticipate improved operational performance into Q4 along with incremental expansion initiatives in 2026 at Copper Mountain and Constancia to support improvements to an already stable three-year production outlook. We reiterate our 'outperform' rating based on strong financial position, support from byproduct gold production and a strong near-term cash flow generation." The Globe reported on Dec. 11, 2024, and April 17, 2025, that Mr. Nagle continued to rate Hudbay "outperform." It was then worth $13.62 and $9.74. The Globe reported on Oct. 15, 2025, that Scotia Capital analysts rated Hudbay "sector outperform." The shares could then be had for $24.32.