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Jefferies Sticks to Its Buy Rating for Hudbay Minerals (HBM)

Tipranks - Tipranks - Fri May 29, 7:24AM CDT

In a report released today, Fahad Tariq from Jefferies maintained a Buy rating on Hudbay Minerals, with a price target of C$46.00.

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According to TipRanks, Tariq is a 5-star analyst with an average return of 15.8% and a 67.72% success rate. Tariq covers the Basic Materials sector, focusing on stocks such as Ivanhoe Mines, Capstone Copper, and Endeavour Mining.

Hudbay Minerals has an analyst consensus of Strong Buy, with a price target consensus of C$40.98.

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The company has a one-year high of C$38.94 and a one-year low of C$12.06. Currently, Hudbay Minerals has an average volume of 2.07M.

Based on the recent corporate insider activity of 24 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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