There’s a lot to be optimistic about in the Materials sector as 2 analysts just weighed in on MAG Silver (MAG) and Marrone Bio (MBII) with bullish sentiments.
MAG Silver (MAG)
H.C. Wainwright analyst Heiko Ihle reiterated a Buy rating on MAG Silver today and set a price target of $21.50. The company’s shares closed last Wednesday at $18.21.
According to TipRanks.com, Ihle is a top 25 analyst with an average return of 51.1% and a 70.5% success rate. Ihle covers the Basic Materials sector, focusing on stocks such as Solitario Exploration & Royalty, Northern Dynasty Minerals, and Golden Star Resources.
The word on The Street in general, suggests a Strong Buy analyst consensus rating for MAG Silver with a $22.25 average price target.
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Marrone Bio (MBII)
In a report released yesterday, Robert Burleson from Canaccord Genuity maintained a Buy rating on Marrone Bio, with a price target of $3.50. The company’s shares closed last Wednesday at $1.81.
Burleson has an average return of 19.3% when recommending Marrone Bio.
According to TipRanks.com, Burleson is ranked #184 out of 7489 analysts.
The word on The Street in general, suggests a Strong Buy analyst consensus rating for Marrone Bio with a $3.67 average price target.
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