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Enter Symbol
or Name
USA
CA



Hudbay Minerals Inc
Symbol HBM
Shares Issued 261,272,151
Close 2018-12-14 C$ 6.26
Market Cap C$ 1,635,563,665
Recent Sedar Documents

Globe says RBC cuts Hudbay Minerals to "sector perform"

2018-12-14 08:39 ET - In the News

The Globe and Mail reports in its Friday, Dec. 14, edition that RBC Dominion Securities analyst Stephen Walker cut his rating on Hudbay Minerals to "sector perform" from "outperform" as it heads into a "pivotal" year. The Globe's David Leeder writes that Mr. Walker continues to target the shares at $8. Analysts on average target the shares at $9.72. Mr. Walker says in a note: "We are downgrading HudBay and expect the shares to perform in line with peers while management establishes a track record of meeting or beating production guidance, receives the 404 Water permit for Rosemont, and completes the Pampacancha land acquisition." Mr. Walker expects both HudBay's zinc and copper output to drop as production declines at its 777 mine in Manitoba toward its end of life in 2021. "The Lalor mine is in part expected to offset this decline as mining rates improve with the completion of the paste backfill plant and infrastructure and precious metals production increases from the Lalor copper-gold and gold zones. Details on the New Britannia plant refurbishment are expected in early 2019. Constancia production is expected to remain relatively stable until the nearby Pampacancha land acquisition has been completed."

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