There’s a lot to be optimistic about in the Materials sector as 3 analysts just weighed in on Hudbay Minerals (HBM – Research Report), Lithium Americas (Argentina) Corp. (LAAC – Research Report) and Centerra Gold (CGAU – Research Report) with bullish sentiments.
Hudbay Minerals (HBM)
In a report released today, Orest Wowkodaw from Scotiabank maintained a Buy rating on Hudbay Minerals, with a price target of C$14.50. The company’s shares closed last Wednesday at $9.89, close to its 52-week high of $10.10.
According to TipRanks.com, Wowkodaw is a 5-star analyst with an average return of
The word on The Street in general, suggests a Strong Buy analyst consensus rating for Hudbay Minerals with a $10.12 average price target, implying a -1.6% downside from current levels. In a report released yesterday, National Bank also upgraded the stock to Buy with a C$15.50 price target.
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