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Christine Brown

Christine Brown

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Analysts Offer Insights on Materials Companies: Hudbay Minerals (HBM) and Lundin Mining (OtherLUNMF)

Companies in the Materials sector have received a lot of coverage today as analysts weigh in on Hudbay Minerals (HBMResearch Report) and Lundin Mining (LUNMFResearch Report).

Hudbay Minerals (HBM)

Raymond James analyst Brian MacArthur maintained a Buy rating on Hudbay Minerals today and set a price target of C$14.00. The company’s shares closed last Wednesday at $7.72, close to its 52-week high of $8.11.

According to TipRanks.com, MacArthur is a 5-star analyst with an average return of 10.0% and a 54.9% success rate. MacArthur covers the Basic Materials sector, focusing on stocks such as Freeport-McMoRan, Teck Resources, and Trilogy Metals.

The word on The Street in general, suggests a Strong Buy analyst consensus rating for Hudbay Minerals with a $9.20 average price target, representing a 19.0% upside. In a report issued on April 9, Bank of America Securities also upgraded the stock to Buy with a $9.00 price target.

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Lundin Mining (LUNMF)

In a report released today, Farooq Hamed from Raymond James maintained a Hold rating on Lundin Mining, with a price target of C$15.00. The company’s shares closed last Wednesday at $11.15, close to its 52-week high of $12.17.

According to TipRanks.com, Hamed ‘s ranking currently consits of 0 on a 0-5 ranking scale, with an average return of -5.0% and a 41.7% success rate. Hamed covers the Basic Materials sector, focusing on stocks such as First Quantum Minerals, Hudbay Minerals, and Ivanhoe Mines.

Lundin Mining has an analyst consensus of Moderate Buy, with a price target consensus of $11.10, a -0.2% downside from current levels. In a report issued on April 9, Deutsche Bank also downgraded the stock to Hold with a SEK115.00 price target.

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