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Hudbay Minerals Inc Price Target Raised to C$14.00/Share From C$13.00 by Jefferies & Co
Hudbay Minerals Inc Price Target Raised to C$14.00/Share From C$13.00 by Jefferies &
Hudbay Minerals Price Target Raised to $14.00/Share From $13.00 by Jefferies
Hudbay Minerals Price Target Raised to $14.00/Share From $13.00 by
Hudbay Minerals Analyst Ratings
Date Upside/Downside Analyst Firm Price Target Change Rating Change Previous / Current Rating 07/12/2024 51.02% Jefferies $13 → $14 Maintains Hold 05/03/2024 40.24% Jefferies → $13 Initiates
Jefferies Maintains Hudbay Minerals(HBM.US) With Hold Rating, Raises Target Price to $10.27
Jefferies analyst Matt Murphy maintains $Hudbay Minerals(HBM.US)$ with a hold rating, and adjusts the target price from $9.54 to $10.27.According to TipRanks data, the analyst has a success rate of 69
Are Investors Undervaluing Hudbay Minerals Inc. (TSE:HBM) By 42%?
Hudbay Minerals (HBM) Receives a Hold From Jefferies
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KLSE INVESTORS CLUBOP : 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%.