Desjardins analyst Bryce Adams initiated coverage of Hudbay Minerals (HBM) with a Buy rating and C$16 price target The firm, which is initiating coverage of several Canadian-listed copper companies, has a positive long-term outlook for copper pricing as it views the metal as a key input for global decarbonization efforts, data center demand and EV use.
Don’t Miss Our End of Quarter Offers:
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See today’s best-performing stocks on TipRanks >>
Read More on HBM:
