-- 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%