Stifel Nicolaus Remains a Buy on Hudbay Minerals (HBM)
In a report released today, Ralph M. Profiti from Stifel Nicolaus maintained a Buy rating on Hudbay Minerals, with a price target of C$41.00.
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According to TipRanks, M. Profiti is a 5-star analyst with an average return of 26.5% and a 62.70% success rate. M. Profiti covers the Basic Materials sector, focusing on stocks such as Hudbay Minerals, Southern Cross Gold Consolidated, and Wesdome Gold Mines.
In addition to Stifel Nicolaus, Hudbay Minerals also received a Buy from ATB Cormark Capital Markets’s Stefan Ioannou in a report issued today. However, on March 26, TipRanks – xAI downgraded Hudbay Minerals (NYSE: HBM) to a Hold.
Based on Hudbay Minerals’ latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of C$732.9 million and a net profit of C$129.97 million. In comparison, last year the company earned a revenue of C$584.92 million and had a net profit of C$21.16 million
Based on the recent corporate insider activity of 22 insiders, corporate insider sentiment is neutral on the stock.
Read More on HBM:
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- Hudbay Extends Mine Lives and Lifts Copper Outlook in New Three-Year Guidance
- Hudbay Minerals Moves to Fully Acquire Arizona Sonoran Copper in US$1.48 Billion Share Deal
- Hudbay Minerals Moves to Fully Acquire Arizona Sonoran Copper in US$1.48 Billion Deal
- Arizona Sonoran Copper downgraded to Hold from Buy at Stifel
- Hudbay to Buy Arizona Sonoran, Building Major U.S. Copper Hub Around Cactus and Copper World
