Hudbay Minerals Inc T.HBM

Canaccord Genuity upgrade

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Canaccord Genuity analyst John Bereznicki warns pricing gains continue to “lag” as inflationary pressures increase.

HudBay Minerals Inc. (HBM-T +2.48%increase,“buy”) to $16.50 from $15. Average: $13.28.

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Believing the “global drive to diversify and decarbonize has received an unexpected push from Russia,” Stifel’s mining equity analysts have an bullish view of base metals moving forward. “Commodity prices are gaining, with some industrial commodity prices climbing to dizzying all time highs in recent weeks,” they said in a research note released Thursday. “While the invasion of Ukraine by Russia

[Ridgeback]

The Toronto market's large concentration of resource shares "provides a good hedge for global investors against the possibility of a prolonged commodity supply-shock," said Angelo Kourkafas, investment strategist at Edward Jones in St. Louis, Missouri. Foreign investors have taken notice, plowing a net C$46 billion ($36 billion) into Canadian equities last year, the most since 2016