There’s a lot to be optimistic about in the Materials sector as 2 analysts just weighed in on OrganiGram Holdings (OGI) and Ero Copper (ERRPF) with bullish sentiments.
OrganiGram Holdings (OGI)
In a report released yesterday, Matt Bottomley from Canaccord Genuity maintained a Buy rating on OrganiGram Holdings, with a price target of C$2.50. The company’s shares closed last Monday at $1.41, close to its 52-week low of $1.01.
According to TipRanks.com, Bottomley is a 5-star analyst with an average return of 16.8% and a 53.7% success rate. Bottomley covers the Basic Materials sector, focusing on stocks such as Harvest Health & Recreation, Vireo Health International, and Green Thumb Industries.
OrganiGram Holdings has an analyst consensus of Moderate Buy, with a price target consensus of $2.81.
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Ero Copper (ERRPF)
Canaccord Genuity analyst Dalton Baretto maintained a Buy rating on Ero Copper today and set a price target of C$25.00. The company’s shares closed last Monday at $17.29.
According to TipRanks.com, Baretto is a 5-star analyst with an average return of 22.3% and a 60.7% success rate. Baretto covers the Basic Materials sector, focusing on stocks such as Turquoise Hill Resources, First Quantum Minerals, and Fortuna Silver Mines.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Ero Copper with a $18.94 average price target, representing a 9.1% upside. In a report issued on November 24, Stifel Nicolaus also maintained a Buy rating on the stock with a C$25.00 price target.
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