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RBC Keeps Hudbay Minerals' Outperform Rating, C$40 Price Target

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-- RBC Capital Markets on Friday maintained Hudbay Minerals' (HBM.TO) outperform rating and C$40 price target.

Hudbay continues to demonstrate stability at its core operations, with a clear and credible path to near and long-term production growth, RBC said.

With guidance reaffirmed across all metrics and a net debt-free balance sheet, RBC remains constructive on the shares.

Hudbay's Copper World project and Cactus projects in Arizona provide long-term upside for the company, RBC said.

Hudbay traded at $30.77 per share at last look Monday on the Toronto Stock Exchange.

Price: $30.80, Change: $-0.22, Percent Change: -0.71%

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