HBM TP 18.00
In a report released on May 29, from RBC Capital maintained a Buy rating on $HBM.US$ , with a price target of C$18.00. The company’s shares closed yesterday at $9.77.
Crittenden covers the Basic Materials sector, focusing on stocks such as $FQVLF.US$ & $HBM.US$ . According to Crittenden has an average return of 24.7% and a 63.04% success rate on recommended stocks.
The word on The Street in general, suggests a Strong Buy analyst consensus rating for $HBM.US$ with a $11.25 average price target, a 15.15% upside from current levels.
Crittenden covers the Basic Materials sector, focusing on stocks such as $FQVLF.US$ & $HBM.US$ . According to Crittenden has an average return of 24.7% and a 63.04% success rate on recommended stocks.
The word on The Street in general, suggests a Strong Buy analyst consensus rating for $HBM.US$ with a $11.25 average price target, a 15.15% upside from current levels.
In a report released yesterday, Stifel Nicolaus also maintained a Buy rating on $HBM.US$ with a C$15.00 price target.
$HBM.US$ TP 18.00
Company Overview
Hudbay Minerals, Inc. operates as a mining company. The firm engages in the production of copper concentrate, molybdenum concentrate and zinc metal. It focuses on the discovery, production and marketing of base and precious metals. The company was founded on January 16, 1996 and is headquartered in Toronto, Canada.
Disclaimer: Community is offered by Moomoo Technologies Inc. and is for educational purposes only.
Read more
Comment
Sign in to post a comment
Over 15 Years Trading Experience
Technical + Fundamental Analysis
“Learn more Know more Earn more 📈”
424Followers
12Following
885Visitors
Follow
KLSE INVESTORS CLUB OP : Copper Falls After Hawkish Fedspeak as Record Rally Loses Steam
(Bloomberg) -- Copper and other base metals fell after the Federal Reserve signaled US interest rates will likely stay higher for longer than previously indicated, a scenario that may crimp demand for industrial commodities.
The metal, sometimes seen as a barometer of the global economy, pared gains made Wednesday after the central bank’s policymakers penciled in just one interest-rate cut this year, down from three expected in March.
The hawkish signal came amid investor concerns that copper’s rally to a record last month ran ahead of market fundamentals. The metal has fallen more than 10% from that high due to worries about a steady increase in global inventories, profit-taking by investment funds and weak Chinese demand.
The Fed’s hawkish comments triggered the price decline on Thursday, said Wang Yue, an analyst with Shanghai East Asia Futures Co.
Copper was down 1.2% at $9,829 a ton on the London Metal Exchange as of 11:36 a.m. in Shanghai. Aluminum lost 1.7%, while zinc and tin fell more than 1%.