Canaccord downgraded Arizona Sonoran Copper (ASCUF) to Hold from Speculative Buy with a price target of C$8.75, up from C$8, after Hudbay Minerals announced an agreement to acquire the company for $1.48B in stock.
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Read More on ASCUF:
- Hudbay Minerals to acquire Arizona Sonoran Copper for C$9.35 per share
- Arizona Sonoran Ends Nuton JV Option, Retains Full Control of Cactus Project
- Arizona Sonoran Copper price target raised to C$7 from C$6.25 at Scotiabank
- Arizona Sonoran Advances Parks/Salyer Drilling to Upgrade Copper Resources
- Arizona Sonoran Bolsters Board and IR Team as Cactus Project Moves Toward Development