March 11, 2019 / 3:16 PM / 8 months ago

BUZZ-Hudbay Minerals: Shares up on receipt of water permit for Rosemont

** Shares of the Canadian miner up 1.5 pct at C$9, on receiving a major permit to develop Rosemont copper mine

** Receipt of long-awaited 404 Water Permit is a key project de-risking event - Eight Capital

** National Bank of Canada raises stock PT to C$10.25 from C$9.5, Credit Suisse to C$10.5 from C$9, Eight Capital to C$11 from C$10 and TD Securities to C$12 from C$10.50

** Co will continue development of the project even as the permit may face litigation - Credit Suisse

** Out of 19 brokerages, 13 rate the stock “buy” or higher, 6 “hold”; median PT C$10.64

** Including today’s gains, stock up 39 pct YTD (Reporting by Shanti S Nair in Bengaluru)

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