The Globe and Mail reports in its Thursday, Feb. 12, edition that Citi analyst Alexander Hacking continues to rate Hudbay Minerals "buy." The Globe's David Leeder writes in the Eye On Equities column that Mr. Hacking boosted his share target to $32.50, from $23. Analysts on average target the shares at $34.21. Mr. Hacking says Hudbay Minerals offers investors "exposure to medium-term production growth but with varying levels of jurisdictional and technical risk." Mr. Hacking says in a note: "The stock screens as 'high risk' based upon our quantitative model, and we assign it a 'high risk' rating based on its volatility. Citi maintains a bullish long-term view on copper. We see more upside than downside from Hudbay, with organic growth projects from Copper Mountain and Snow Lake. The Copper World project represents an opportunity for Hudbay to step production up to 250kt/a Cu in the long term and in a desirable jurisdiction in our view. This does carry downside risks in terms of potential capital overrruns and execution risk." The Globe reported on Dec. 16 that Citi analyst Steven Stroup continued to rate Hudbay "buy." The shares could then be had for $25.54.