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Hudbay Minerals initiated with a Buy at UBS

UBS analyst George Eadie initiated coverage of Hudbay Minerals (HBM) with a Buy rating and C$34.50 price target The firm says Hudbay is “diversified” copper producer with a “strong and organically funded” pathway to grow production in 2030 as Copper World ramps up, the analyst tells investors in a research note.

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