Desjardins analyst Bryce Adams initiated coverage of Hudbay Minerals (HBM) with a Buy rating and C$16 price target The firm, which is initiating coverage of several Canadian-listed copper companies, has a positive long-term outlook for copper pricing as it views the metal as a key input for global decarbonization efforts, data center demand and EV use.
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Read More on HBM:
- Hudbay Minerals price target raised to C$17 from C$16 at Raymond James
- Hudbay Minerals files early warning report for American Copper Development
- Hudbay Minerals price target lowered to C$13.50 from C$14 at Scotiabank
- Hudbay Minerals’ Strategic Consolidation and Growth Prospects Justify Buy Rating
- Hudbay Minerals Consolidates Full Ownership of Copper Mountain Mine
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