There’s a lot to be optimistic about in the Materials sector as 2 analysts just weighed in on Great Panther Silver (NYSE:GPL) and Great Lakes Dredge & Dock (NASDAQ:GLDD) with bullish sentiments.
Great Panther Silver (GPL)
Noble Financial analyst Mark Reichman maintained a Buy rating on Great Panther Silver yesterday and set a price target of $1.75. The company’s shares closed yesterday at $1.11, close to its 52-week low of $1.06.
According to TipRanks.com, Reichman is ranked 0 out of 5 stars with an average return of -12.9% and a 7.1% success rate. Reichman covers the Basic Materials sector, focusing on stocks such as Endeavour Silver Corp, Avino Silver & Gold, and Pershing Gold Corp.
The word on The Street in general, suggests a Strong Buy analyst consensus rating for Great Panther Silver with a $1.93 average price target, a 73.9% upside from current levels. In a report released yesterday, H.C. Wainwright also reiterated a Buy rating on the stock with a $2.25 price target.
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Great Lakes Dredge & Dock (GLDD)
In a report released yesterday, Ben Klieve from Noble Financial maintained a Buy rating on Great Lakes Dredge & Dock, with a price target of $7.50. The company’s shares closed yesterday at $5.30.
According to TipRanks.com, Klieve is a 3-star analyst with an average return of 5.7% and a 62.7% success rate. Klieve covers the Consumer Goods sector, focusing on stocks such as Comtech Telecommunications, Albany International Corp, and CPI Aerostructures.
Great Lakes Dredge & Dock has an analyst consensus of Moderate Buy, with a price target consensus of $7.50.
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