Analysts have been eager to weigh in on the Materials sector with new ratings on Pembina Pipeline (PBA), Stantec (STN) and B2Gold (BTG).
Pembina Pipeline (PBA)
In a report released yesterday, Dennis Fong from Canaccord Genuity maintained a Buy rating on Pembina Pipeline, with a price target of C$58.00. The company’s shares closed last Monday at $36.56.
According to TipRanks.com, Fong has 0 stars on 0-5 star ranking scale with an average return of -6.5% and a 36.4% success rate. Fong covers the Basic Materials sector, focusing on stocks such as Birchcliff Energy, Canadian Natural, and Cenovus Energy.
Currently, the analyst consensus on Pembina Pipeline is a Strong Buy with an average price target of $41.58, implying an 11.5% upside from current levels. In a report issued on February 24, Wells Fargo also upgraded the stock to Buy with a C$56.00 price target.
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Stantec (STN)
The company’s shares closed last Monday at $30.35, close to its 52-week high of $31.94.
According to TipRanks.com, Lynk is ranked #879 out of 5917 analysts.
Stantec has an analyst consensus of Moderate Buy, with a price target consensus of $32.41.
B2Gold (BTG)
Canaccord Genuity analyst Carey MacRury reiterated a Buy rating on B2Gold yesterday and set a price target of C$7.50. The company’s shares closed last Monday at $4.27.
According to TipRanks.com, MacRury is a 5-star analyst with an average return of 16.4% and a 69.9% success rate. MacRury covers the Basic Materials sector, focusing on stocks such as Osisko Gold Royalties, Kirkland Lake Gold, and Eldorado Gold.
Currently, the analyst consensus on B2Gold is a Strong Buy with an average price target of $5.12.
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