October 5, 2018 / 3:37 PM / 2 months ago

BUZZ-Hudbay Minerals: In talks to buy Chile's Mantos - Bloomberg

** Canadian miner's U.S.-listed shares fall 6.5 pct to $4.47 after Bloomberg report here says co is in talks to buy Chile's Mantos

** Two of HBM’s shareholders with a combined 4.8 pct stake call on co to immediately stop any discussions to buy Mantos and any material acquisition in the near future

** HBM says it avoids commenting on speculation and rumors, but will make financial decisions that will add to shareholder value

** Raymond James lowers co’s near-term zinc and copper forecasts, kept long-term forecasts unchanged; cus PT by C$1 to C$9

** 14 of 17 brokerages rate the stock “buy” or higher, 3 “hold”; their median PT is $10

** Including Friday’s loss, stock declined ~48 pct YTD (Reporting by John Benny in Bengaluru)

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