TD Securities resumed coverage of Hudbay Minerals (HBM) following the close of the Copper World sale with a Buy rating and a price target of C$43, up from C$17. During the firm’s period of restriction, copper and gold prices have increased materially, which is captured in the firm’s revised estimates and increased price target the analyst tells investors.
Claim 50% Off TipRanks Premium
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis and maximize your portfolio's potential
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on HBM:
- Hudbay, JOGMEC sign option agreement to expand partnership with Marubeni
- Hudbay Hits 2025 Copper and Gold Targets on Strong Fourth Quarter Performance
- Hudbay Minerals reports preliminary Q4, FY25 production results
- Hudbay Minerals price target raised to C$35 from C$16 at CIBC
- Hudbay Minerals price target raised to C$34 from C$26 at Raymond James