Hudbay Minerals Inc T.HBM

National Bank

[Ridgeback]

National Bank of Canada gave Hudbay a sector perform rating and a $9.25 price target, citing the company's recent headline risk in Peru amid social unrest and near-term deleveraging efforts with the company's discounted valuation.

The bank also cited Hudbay's near-term synergies to unlock at Copper Mountain and its prudent plan to advance the Copper World project.

National Bank added that some near-term volatility is anticipated given the impact on copper prices for the underlying macro environment as well as possible litigation against Copper World.

BMO Jackie P dropped her sstimate to $11.50.
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Long term when all the parts start moving along with Cu demand and increases in Au, Hudbay will in my opinion get some respect. Overall steady progress and increase growth.

[llihevad1]

I like the moves that Hudbay has made over the past month. The manipulation of the stock has been extreme over the past due to: Not being able to monetize Rosemont. This will fix itself with the copper world project. The Jaguar habitat court challenge being denied by the courts. Peru unrest which Huday has been drag down even with its strong support by the local