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Hudbay Minerals reinstated with an Outperform at BMO Capital

BMO Capital analyst Matthew Murphy reinstated coverage of Hudbay Minerals (HBM) with an Outperform rating and C$12 price target Hudbay is a well run copper company with significant gold production, the analyst tells investors in a research note. The firm says the company offers “low-risk assets with good commodity beta” and has several catalysts including partnership and development of Copper World and the turn-around of Copper Mountain.

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