Companies in the Materials sector have received a lot of coverage today as analysts weigh in on Pan American Silver (PAAS) and Detour Gold Corporation (DRGDF).
Pan American Silver (PAAS)
In a report released today, Don DeMarco from National Bank maintained a Buy rating on Pan American Silver, with a price target of $34.50. The company’s shares closed last Monday at $18.02, close to its 52-week high of $19.48.
According to TipRanks.com, DeMarco is a 5-star analyst with an average return of 28.0% and a 79.3% success rate. DeMarco covers the Basic Materials sector, focusing on stocks such as Trevali Mining Corporation, Golden Star Resources Ltd, and SilverCrest Metals Inc.
Pan American Silver has an analyst consensus of Strong Buy, with a price target consensus of $19.97, which is a 7.6% upside from current levels. In a report released today, RBC Capital also upgraded the stock to Buy with a $23 price target.
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Detour Gold Corporation (DRGDF)
National Bank analyst Mike Parkin maintained a Hold rating on Detour Gold Corporation today and set a price target of $27. The company’s shares closed last Monday at $17.37, close to its 52-week high of $19.11.
According to TipRanks.com, Parkin is ranked 0 out of 5 stars with an average return of -6.6% and a 31.4% success rate. Parkin covers the Basic Materials sector, focusing on stocks such as OceanaGold Corporation, Eldorado Gold Corp, and Yamana Gold.
Detour Gold Corporation has an analyst consensus of Moderate Buy, with a price target consensus of $15.66.
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