Analysts Are Bullish on These Materials Stocks: Hudbay Minerals (HBM), Gold Royalty (GROY)
There’s a lot to be optimistic about in the Materials sector as 2 analysts just weighed in on Hudbay Minerals (HBM – Research Report) and Gold Royalty (GROY – Research Report) with bullish sentiments.
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Hudbay Minerals (HBM)
TD Cowen analyst Craig Hutchison reiterated a Buy rating on Hudbay Minerals today and set a price target of C$43.00. The company’s shares closed last Thursday at $24.11.
Hutchison has an average return of
According to TipRanks.com, Hutchison is ranked #242 out of 12040 analysts.
Currently, the analyst consensus on Hudbay Minerals is a Strong Buy with an average price target of $22.44, implying a -6.7% downside from current levels. In a report issued on January 8, UBS also initiated coverage with a Buy rating on the stock with a C$34.50 price target.
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Gold Royalty (GROY)
BMO Capital analyst Rene Cartier maintained a Buy rating on Gold Royalty today and set a price target of $5.50. The company’s shares closed last Thursday at $4.87.
According to TipRanks.com, Cartier is a 5-star analyst with an average return of
Gold Royalty has an analyst consensus of Strong Buy, with a price target consensus of $5.50, representing an 11.6% upside. In a report issued on January 15, TipRanks – Google also upgraded the stock to Buy with a $5.50 price target.
