OTCPK:CPPMF - Post by User
Post by
Ridgebackon Jun 05, 2023 12:24pm
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Post# 35480576
BMO Analyst says.
BMO Analyst says. 11:56 AM EDT, 06/05/2023 (MT Newswires) -- BMO Capital Markets on Monday reiterated its outperform rating on the shares of HudBay Minerals (HBM.TO, HBM) with a C$11.50 price target after hosting investor meetings with management ahead of its acquisition of Copper Mountain Mining (CMMC. TO).
"We hosted meetings for Hudbay President & CEO Peter Kukielski and Candace Brule, Vice President, Investor Relations in the UK and Europe last week. The meetings focused on Hudbay's recent proposed acquisition of Copper Mountain, on which both shareholder groups will vote to approve on June 13. The rationale for this transaction was well-articulated; in general feedback from investors was positive. The overall strategy, including growth pipeline and growth priorities, were also important topics. We see a bias to growth (organic or through M&A) as investors are positive copper," analyst Jackie Przybylowski wrote.
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Jackie @ BMO has a new price of $15.44.