There’s a lot to be optimistic about in the Materials sector as 2 analysts just weighed in on PDC Energy (NASDAQ:PDCE) and Pan American Silver (NASDAQ:PAAS) with bullish sentiments.
PDC Energy (PDCE)
In a report released today, Aaron Bilkoski from TD Securities reiterated a Buy rating on PDC Energy, with a price target of $79. The company’s shares opened today at $48.96.
According to TipRanks.com, Bilkoski is currently ranked with no stars on a 0-5 star ranking scale, with an average return of -7.6% and a 44.3% success rate. Bilkoski covers the Basic Materials sector, focusing on stocks such as Range Resources Corp, Antero Resources, and Cabot Oil & Gas.
Currently, the analyst consensus on PDC Energy is a Moderate Buy with an average price target of $73.73, which is a 50.6% upside from current levels. In a report issued on July 25, Stephens also reiterated a Buy rating on the stock with a $78 price target.
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Pan American Silver (PAAS)
In a report released today, Daniel Earle from TD Securities reiterated a Buy rating on Pan American Silver, with a price target of $23. The company’s shares opened today at $16.74.
According to TipRanks.com, Earle is ranked #4636 out of 4850 analysts.
Pan American Silver has an analyst consensus of Moderate Buy, with a price target consensus of $19.50.
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