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

Tipranks - Tipranks - Wed Jun 10, 7:24AM CDT

Jefferies analyst Fahad Tariq maintained a Buy rating on Hudbay Minerals today and set a price target of C$57.00.

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According to TipRanks, Tariq is a 4-star analyst with an average return of 11.4% and a 59.85% success rate. Tariq covers the Basic Materials sector, focusing on stocks such as NGEx Minerals, Capstone Copper, and OceanaGold.

The word on The Street in general, suggests a Strong Buy analyst consensus rating for Hudbay Minerals with a C$42.18 average price target.

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Based on Hudbay Minerals’ latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of C$743.51 million and a net profit of C$187.28 million. In comparison, last year the company earned a revenue of C$594.9 million and had a net profit of C$100.4 million

Based on the recent corporate insider activity of 24 insiders, corporate insider sentiment is neutral on the stock.

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