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Hudbay Minerals: Analyst Cuts Price Target on Lower Zinc Prices

Posted on July 20, 2008

Lower zinc prices combined with the acquisition of Skye Resources Inc. (SKRZF.PK), will reduce HudBay Minerals Inc.'s (HBMFF.PK) cash flow and earnings this year by 39% and 58% respectively, says Wellington West analyst Catherine Gignac. The analyst lowered her price target on HudBay stock from C$18.50 to C$14.75 yet maintained her buy recommendation....

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analyst , earnings , zinc