RBC Capital Sticks to Their Buy Rating for Hudbay Minerals (HBM)
RBC Capital analyst Sam Crittenden maintained a Buy rating on Hudbay Minerals on April 7 and set a price target of C$40.00. The company’s shares closed yesterday at C$30.39.
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According to TipRanks, Crittenden is a 5-star analyst with an average return of 25.7% and a 62.22% success rate. Crittenden covers the Basic Materials sector, focusing on stocks such as Capstone Copper, Hudbay Minerals, and First Quantum Minerals.
In addition to RBC Capital, Hudbay Minerals also received a Buy from TipRanks – Google’s Google Copper in a report issued yesterday. However, on the same day, TipRanks – OpenAI downgraded Hudbay Minerals (NYSE: HBM) to a Hold.
The company has a one-year high of C$38.94 and a one-year low of C$8.57. Currently, Hudbay Minerals has an average volume of 2.24M.
Based on the recent corporate insider activity of 25 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of HBM in relation to earlier this year.
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
