Analysts have been eager to weigh in on the Materials sector with new ratings on Methanex (MEOH) and Yamana Gold (AUY).
Methanex (MEOH)
In a report released yesterday, Steve Hansen from Raymond James maintained a Buy rating on Methanex, with a price target of C$62.00. The company’s shares closed last Thursday at $37.33.
According to TipRanks.com, Hansen is ranked #3083 out of 7489 analysts.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Methanex with a $46.03 average price target.
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Yamana Gold (AUY)
In a report released yesterday, Farooq Hamed from Raymond James maintained a Hold rating on Yamana Gold, with a price target of C$8.00. The company’s shares closed last Thursday at $4.63.
According to TipRanks.com, Hamed is currently ranked with 0 stars on a 0-5 stars ranking scale, with an average return of -8.2% and a 40.5% success rate. Hamed covers the Basic Materials sector, focusing on stocks such as First Quantum Minerals, Lundin Mining, and OceanaGold.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Yamana Gold with a $6.37 average price target, implying a 34.7% upside from current levels. In a report issued on April 16, RBC Capital also maintained a Hold rating on the stock with a $4.75 price target.
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