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Strategies & Market Trends : Dino's Bar & Grill

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To: Goose94 who wrote (98663)	12/1/2020 8:26:30 AM
From: Goose94	Read Replies (2) of 202404

Hudbay Minerals (HBM-T) RBC Dominion Securities analyst Sam Crittenden sees a recovery trade in copper will continue to drive "strong" prices moving forward. Mr. Crittenden continues to forecast a small surplus driven by supply growth from new projects. He tempers, however, his estimates due to lingering impacts from COVID-19 disruptions. He sees stronger demand in 2020 and 2021. He sees low inventories, combined with the anticipation of rising deficits from 2025, supporting higher copper prices. Mr. Crittenden, with an unchanged "sector perform" rating, boosted his share target for Hudbay Minerals ($8.22) to $10 from $7. Analysts on average target the shares at $8.36. Mr. Crittenden says in a note, "2021 looks to be a transition year for Hudbay as it realizes increased precious metals production from its growth projects, however the full benefits may not be realized until 2022." Scotia Capital analyst Orest Wowkodaw upgraded Hudbay Minerals to "sector outperform" from "sector perform." .

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