There’s a lot to be optimistic about in the Materials sector as 2 analysts just weighed in on Diamondback (NASDAQ:FANG) and Avino Silver & Gold (NYSE:ASM) with bullish sentiments.
Diamondback (FANG)
SunTrust Robinson analyst Neal Dingmann reiterated a Buy rating on Diamondback yesterday and set a price target of $170. The company’s shares closed yesterday at $131.15, close to its 52-week high of $138.25.
According to TipRanks.com, Dingmann is a 4-star analyst with an average return of 4.1% and a 51.7% success rate. Dingmann covers the Basic Materials sector, focusing on stocks such as Centennial Resource Development Inc, Contango Oil & Gas Company, and Sanchez Energy Corporation.
The word on The Street in general, suggests a Strong Buy analyst consensus rating for Diamondback with a $167.09 average price target.
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Avino Silver & Gold (ASM)
Noble Financial analyst Mark Reichman maintained a Buy rating on Avino Silver & Gold today. The company’s shares closed yesterday at $1.08, close to its 52-week low of $1.07.
According to TipRanks.com, Reichman has currently no stars on a ranking scale of 0-5 stars, with an average return of -11.8% and a 10.5% success rate. Reichman covers the Basic Materials sector, focusing on stocks such as Endeavour Silver Corp, Great Panther Silver, and Pershing Gold Corp.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Avino Silver & Gold with a $2.63 average price target, implying a 143.5% upside from current levels. In a report released yesterday, H.C. Wainwright also reiterated a Buy rating on the stock with a $3.25 price target.
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