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Stock impact report

CIBC Lifts PT on Hudbay Minerals Inc. (HBM) As Part of Fiscal Q1 Preview [Yahoo! Finance]

Hudbay Minerals Inc. Ordinary Shares (Canada) (HBM) 
Last hudbay minerals inc. ordinary shares (canada) earnings: 2/20 05:35 pm Check Earnings Report
Company Research Source: Yahoo! Finance
C$46 from C$42 on April 21, reiterating an Outperform rating on the shares. The firm adjusted price targets in the gold and base metals group as part of a fiscal Q1 preview, stating that it believes the 20% selloff in gold from its January high and the “flip-flop” in Federal Reserve funds expectations will “support a bounce in the asset's price.” Is Hudbay Minerals Inc. (HBM) the Best Copper Stock to Buy According to Wall Street Analysts? CIBC remains optimistic on gold and sees a solid entry point at current share levels. It has also adopted a more constructive outlook on base metal equities on the back of rising commodity tailwinds from ongoing supply constraints. In a separate development, Hudbay Minerals Inc. (NYSE:HBM) provided an annual mineral reserve and resource update on March 27 and also issued a new three-year production guidance. The company expects consolidated copper production to average 147,000 tonnes per year over the next three years, reflecting a growth of 24 Show less Read more
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