![](https://cdn.benzinga.com/files/imagecache/2048x1536xUP/images/story/2022/05/11/bz-briefs-canada-v3_8.jpg)
- RBC Capital analyst Sam Crittenden lowered the price target for HudBay Minerals Inc (TSX:HBM) (NYSE:HBM) to C$12 from C$14.
- The analyst maintained the Outperform rating on the shares.
- Crittenden stated that, despite what should be the year's weakest quarter, he continues to expect strong FCF and production growth from Hudbay in 2022.
- The analyst believes Hudbay Minerals can create additional value by de-risking the Copper World project in Arizona, starting with a PEA in the coming weeks.
- Price Action: HBM shares closed higher by 1.96% at C$7.04 on TSX and higher by 2.26% at $5.42 on NYSE on Wednesday.