Desjardins initiates coverage of Hudbay Minerals with Buy rating and C$16 price target.

From Yahoo Finance: 2025-04-05 10:20:00

Desjardins analyst Bryce Adams initiated coverage of Hudbay Minerals (HBM) with a Buy rating and C$16 price target. The firm has a positive long-term outlook for copper pricing, seeing it as a key input for global decarbonization efforts, data center demand, and EV use. This news was first published on TheFly, a source for real-time, market-moving financial news. For more information on top-performing stocks, visit TipRanks.

Read more: Hudbay Minerals initiated with a Buy at Desjardins