There’s a lot to be optimistic about in the Materials sector as 2 analysts just weighed in on Endeavour Silver Corp (NYSE:EXK) and Matador Resources (NYSE:MTDR) with bullish sentiments.
Endeavour Silver Corp (EXK)
H.C. Wainwright analyst Heiko Ihle reiterated a Buy rating on Endeavour Silver Corp today and set a price target of $6. The company’s shares closed yesterday at $2.53.
Ihle commented:
“Valuation for Guanaceví 189,198 $ HCW estimate Valuation for Bolañitos 175,708 $ HCW estimate Valuation for El Cubo 136,988 $ HCW estimate Valuation for El Compas 19,055 $ HCW estimate Valuation for Terronera 50,000 $ HCW estimate.”
According to TipRanks.com, Ihle is a 3-star analyst with an average return of 2.1% and a 36.2% success rate. Ihle covers the Basic Materials sector, focusing on stocks such as Solitario Exploration & Royalty, Americas Silver Corporation, and Golden Star Resources Ltd.
Currently, the analyst consensus on Endeavour Silver Corp is a Moderate Buy with an average price target of $5.38.
See today’s analyst top recommended stocks >>
Matador Resources (MTDR)
Northland Securities analyst Jeff Grampp reiterated a Buy rating on Matador Resources today and set a price target of $39. The company’s shares closed yesterday at $32.78.
According to TipRanks.com, Grampp is a 3-star analyst with an average return of 3.4% and a 49.2% success rate. Grampp covers the Basic Materials sector, focusing on stocks such as Sanchez Energy Corporation, Penn Virginia Corporation, and Sundance Energy Australia.
Currently, the analyst consensus on Matador Resources is a Strong Buy with an average price target of $39.22.
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