BMO Capital analyst Matthew Murphy reinstated coverage of Hudbay Minerals (HBM) with an Outperform rating and C$12 price target Hudbay is a well run copper company with significant gold production, the analyst tells investors in a research note. The firm says the company offers “low-risk assets with good commodity beta” and has several catalysts including partnership and development of Copper World and the turn-around of Copper Mountain.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 55% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on HBM:
- Hudbay Minerals Schedules Virtual Shareholder Meeting for May 2025
- Hudbay Minerals price target lowered to $9 from $10 at BofA
- Hudbay Minerals price target lowered to C$12 from C$13.50 at Scotiabank
- Hudbay Minerals initiated with a Buy at Desjardins
- Hudbay Minerals price target raised to C$17 from C$16 at Raymond James