Analysts Have Conflicting Sentiments on These Materials Companies: Avino Silver & Gold (EEP) and Enbridge Energy LP (EEP)

Analysts have been eager to weigh in on the Materials sector with new ratings on Avino Silver & Gold (NYSE: ASM) and Enbridge Energy LP (NYSE: EEP).

Avino Silver & Gold (NYSE: ASM)

H.C. Wainwright analyst Heiko Ihle reiterated a Buy rating on Avino Silver & Gold (NYSE: ASM) today and set a price target of $3.25. The company’s shares opened today at $1.30.

Ihle wrote:

“We expect the start up, testing, and commissioning phase to continue through the end of 2018, following by Mill Circuit 4 coming fully online in early 2019. Mill feed during this phase is expected to be sourced from historic stockpiles, with grades of ~ 51 g/t silver, 0.34 g/t gold, and 0.17% copper. We note that Mill Circuit 4 should later transition to receiving mill feed from the San Luis area of the Avino Mine in early 2019, once the commissioning phase is complete.”

According to TipRanks.com, Ihle is a 4-star analyst with an average return of 7.7% and a 47.1% success rate. Ihle covers the Basic Materials sector, focusing on stocks such as Solitario Exploration & Royalty, Americas Silver Corporation, and Northern Dynasty Minerals.

Avino Silver & Gold has an analyst consensus of Moderate Buy, with a price target consensus of $2.75.

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Enbridge Energy LP (NYSE: EEP)

In a report released today, Tom Abrams from Morgan Stanley maintained a Sell rating on Enbridge Energy LP (NYSE: EEP), with a price target of $10. The company’s shares opened today at $9.83, close to its 52-week low of $8.89.

According to TipRanks.com, Abrams is a 1-star analyst with an average return of -1.6% and a 44.4% success rate. Abrams covers the Basic Materials sector, focusing on stocks such as Andeavor Logistics LP, Buckeye Partners LP, and Plains All American.

Enbridge Energy LP has an analyst consensus of Hold, with a price target consensus of $11.60.

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