HUDBAY MINERALS (HBM US $11.85; Rating remains at Neutral; Price Target LOWERED from $16/share to $11/share) FUTURE CAPITAL EXPENDITURE ESTIMATES RAISED; CASH FLOW ASSUMPTIONS CHANGED AS A RESULT; 2012 GUIDANCE INCORPORATED INTO OUR MODELS; 3/13/2012
HUDBAY MINERALS (HBM US $11.85; Rating remains at Neutral; Price Target
LOWERED from $16/share to $11/share) FUTURE CAPITAL EXPENDITURE
ESTIMATES RAISED; CASH FLOW ASSUMPTIONS CHANGED AS A RESULT;
2012 GUIDANCE INCORPORATED INTO OUR MODELS; 3/13/2012