There’s a lot to be optimistic about in the Materials sector as 2 analysts just weighed in on Lundin Mining (LUNMF) and Gibson Energy (GBNXF) with bullish sentiments.
Lundin Mining (LUNMF)
Morgan Stanley analyst Alain Gabriel maintained a Buy rating on Lundin Mining today and set a price target of C$8.50. The company’s shares closed last Monday at $5.32.
Gabriel has an average return of 17.0% when recommending Lundin Mining.
According to TipRanks.com, Gabriel is ranked #2395 out of 5951 analysts.
The word on The Street in general, suggests a Strong Buy analyst consensus rating for Lundin Mining with a $6.81 average price target, which is a 24.6% upside from current levels. In a report issued on February 14, CIBC also upgraded the stock to Buy with a C$13.00 price target.
See today’s analyst top recommended stocks >>
Gibson Energy (GBNXF)
Raymond James analyst Chris Cox maintained a Buy rating on Gibson Energy today and set a price target of C$31.00. The company’s shares closed last Monday at $19.88.
According to TipRanks.com, Cox is a 3-star analyst with an average return of 2.9% and a 52.9% success rate. Cox covers the Basic Materials sector, focusing on stocks such as Cenovus Energy, Inter Pipeline, and Imperial Oil.
Currently, the analyst consensus on Gibson Energy is a Strong Buy with an average price target of $22.12, which is an 11.3% upside from current levels. In a report released yesterday, Canaccord Genuity also maintained a Buy rating on the stock with a C$30.00 price target.
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