There’s a lot to be optimistic about in the Materials sector as 2 analysts just weighed in on Piedmont Lithium (PLL) and Denison Mines (DNN) with bullish sentiments.
Piedmont Lithium (PLL)
The company’s shares closed last Wednesday at $68.00.
According to TipRanks.com, Spencer is a 5-star analyst with an average return of 112.9% and a 52.6% success rate. Spencer covers the Basic Materials sector, focusing on stocks such as Evolution Mining, Regis Resources, and OceanaGold.
Piedmont Lithium has an analyst consensus of Strong Buy, with a price target consensus of $69.69, implying a 0.6% upside from current levels. In a report issued on March 31, B.Riley Financial also maintained a Buy rating on the stock with a $90.00 price target.
See today’s analyst top recommended stocks >>
Denison Mines (DNN)
Canaccord Genuity analyst Katie Lachapelle maintained a Buy rating on Denison Mines yesterday and set a price target of C$2.00. The company’s shares closed last Wednesday at $1.07.
According to TipRanks.com, Lachapelle is a 5-star analyst with an average return of 48.3% and a 66.7% success rate. Lachapelle covers the Basic Materials sector, focusing on stocks such as Uranium Royalty Corp, Lithium Americas, and Fission Uranium.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Denison Mines with a $1.49 average price target.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
