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Copper Falls After Hawkish Fedspeak as Record Rally Loses Steam
Copper and other base metals fell after the Federal Reserve signaled US interest rates will likely stay higher for longer than previously indicated, a scenario that may crimp demand for industrial commodities.
National Bank Maintains Hudbay Minerals(HBM.US) With Buy Rating, Raises Target Price to $11.99
National Bank analyst Shane Nagle maintains $Hudbay Minerals(HBM.US)$ with a buy rating, and adjusts the target price from $11.26 to $11.99.According to TipRanks data, the analyst has a success rate o
Hudbay Minerals Inc. Price Target Raised to C$16.50/Share From C$15.50 by National Bank
Hudbay Minerals Inc. Price Target Raised to C$16.50/Share From C$15.50 by National Bank
Bank of America Merrill Lynch: bullish on copper prices rising to $12,000, with greater flexibility for these copper mining enterprises.
Bank of America Merrill Lynch pointed out that considering the huge demand for copper due to energy transformation and the AI investment boom, the copper supply-demand gap is expected to double by 2026.
TD Cowen Maintains Hudbay Minerals(HBM.US) With Buy Rating, Cuts Target Price to $11.61
TD Cowen analyst Greg Barnes maintains $Hudbay Minerals(HBM.US)$ with a buy rating, and adjusts the target price from $11.71 to $11.73.According to TipRanks data, the analyst has a success rate of 53.
Copper Price Surge Not Justified by Fundamentals, Top Trader Trafigura Says
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