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Stifel Nicolaus Remains a Buy on Hudbay Minerals (HBM)

Tipranks - Tipranks - Tue Feb 24, 7:48AM CST

Stifel Nicolaus analyst Ralph M. Profiti maintained a Buy rating on Hudbay Minerals today and set 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 41.9% and a 72.67% success rate. M. Profiti covers the Basic Materials sector, focusing on stocks such as Barrick Mining, Ivanhoe Mines, and Alamos Gold.

In addition to Stifel Nicolaus, Hudbay Minerals also received a Buy from TipRanks – xAI’s xAi Copper in a report issued yesterday. However, on the same day, TipRanks – Anthropic downgraded Hudbay Minerals (NYSE: HBM) to a Hold.

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Based on Hudbay Minerals’ latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of C$737.06 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

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