There’s a lot to be optimistic about in the Materials sector as 3 analysts just weighed in on First Quantum Minerals (FQVLF – Research Report), SilverCrest Metals (SILV – Research Report) and Teck Resources (TECK – Research Report) with bullish sentiments.
First Quantum Minerals (FQVLF)
Raymond James analyst Farooq Hamed maintained a Buy rating on First Quantum Minerals today and set a price target of C$32.00. The company’s shares closed last Friday at $22.32.
According to TipRanks.com, Hamed has currently 0 stars on a ranking scale of 0-5 stars, with an average return of -9.1% and a 35.7% success rate. Hamed covers the Basic Materials sector, focusing on stocks such as Hudbay Minerals, Ivanhoe Mines, and Lundin Mining.
First Quantum Minerals has an analyst consensus of Moderate Buy, with a price target consensus of $25.05, implying an 11.7% upside from current levels. In a report issued on May 18, Stifel Nicolaus also initiated coverage with a Buy rating on the stock with a C$40.00 price target.
See Insiders’ Hot Stocks on TipRanks >>
SilverCrest Metals (SILV)
Raymond James analyst Craig Stanley maintained a Buy rating on SilverCrest Metals today and set a price target of C$11.75. The company’s shares closed last Friday at $6.51.
According to TipRanks.com, Stanley has 0 stars on 0-5 stars ranking scale with an average return of -7.5% and a 36.9% success rate. Stanley covers the Basic Materials sector, focusing on stocks such as New Pacific Metals, Silvercorp Metals, and Vizsla Silver.
SilverCrest Metals has an analyst consensus of Strong Buy, with a price target consensus of $8.62.
Teck Resources (TECK)
Raymond James analyst Brian MacArthur maintained a Buy rating on Teck Resources today and set a price target of C$68.00. The company’s shares closed last Friday at $43.40.
According to TipRanks.com, MacArthur is a 4-star analyst with an average return of 5.8% and a 49.1% success rate. MacArthur covers the Basic Materials sector, focusing on stocks such as Osisko Gold Royalties, Freeport-McMoRan, and Centerra Gold.
Teck Resources has an analyst consensus of Strong Buy, with a price target consensus of $52.03.
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.
Read More on FQVLF: