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Hudbay Minerals (HBM) Receives a Buy from Desjardins

Tipranks - Wed Feb 25, 5:08PM CST

In a report released today, Bryce Adams from Desjardins maintained a Buy rating on Hudbay Minerals, with a price target of C$40.00.

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Adams covers the Basic Materials sector, focusing on stocks such as Hudbay Minerals, Capstone Copper, and Lundin Mining. According to TipRanks, Adams has an average return of 33.8% and a 70.62% success rate on recommended stocks.

In addition to Desjardins, Hudbay Minerals also received a Buy from TipRanks – xAI’s xAi Copper in a report issued yesterday. However, on February 22, TipRanks – Anthropic downgraded Hudbay Minerals (NYSE: HBM) to a Hold.

HBM market cap is currently C$13.54B and has a P/E ratio of 21.02.

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