There’s a lot to be optimistic about in the Materials sector as 2 analysts just weighed in on Gran Tierra Energy (NYSE:GTE) and Goldcorp (NYSE:GG) with bullish sentiments.
Gran Tierra Energy (GTE)
Canaccord Genuity analyst Jenny Xenos reiterated a Buy rating on Gran Tierra Energy on October 16. The company’s shares closed on Friday at $3.32.
According to TipRanks.com, Xenos is a top 100 analyst with an average return of 37.9% and a 74.5% success rate. Xenos covers the Basic Materials sector, focusing on stocks such as Transglobe Energy Corp, Parex Resources Inc, and Canacol Energy.
Gran Tierra Energy has an analyst consensus of Strong Buy.
See today’s analyst top recommended stocks >>
Goldcorp (GG)
In a report issued on October 18, Carey MacRury from Canaccord Genuity reiterated a Buy rating on Goldcorp. The company’s shares closed on Friday at $10.88.
According to TipRanks.com, MacRury is currently ranked with no stars on a 0-5 star ranking scale, with an average return of -12.6% and a 17.8% success rate. MacRury covers the Basic Materials sector, focusing on stocks such as Newmont Mining Corporation, Osisko Gold Royalties Ltd, and Torex Gold Resources Inc.
Goldcorp has an analyst consensus of Moderate Buy, with a price target consensus of $14.90.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
