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Analysts Are Bullish on These Materials Stocks: Agnico Eagle (AEM), SSR Mining (SSRM)

There’s a lot to be optimistic about in the Materials sector as 2 analysts just weighed in on Agnico Eagle (AEMResearch Report) and SSR Mining (SSRMResearch Report) with bullish sentiments.

Agnico Eagle (AEM)

Canaccord Genuity analyst Carey MacRury reiterated a Buy rating on Agnico Eagle yesterday and set a price target of C$89.00. The company’s shares closed last Tuesday at $42.22, close to its 52-week low of $38.02.

According to TipRanks.com, MacRury is a 5-star analyst with an average return of 13.0% and a 58.3% success rate. MacRury covers the Basic Materials sector, focusing on stocks such as Newmont Mining, Eldorado Gold, and Kinross Gold.

Currently, the analyst consensus on Agnico Eagle is a Strong Buy with an average price target of $65.26, a 49.6% upside from current levels. In a report issued on July 19, Barclays also maintained a Buy rating on the stock with a $62.00 price target.

See today’s best-performing stocks on TipRanks >>

SSR Mining (SSRM)

In a report released yesterday, Dalton Baretto from Canaccord Genuity maintained a Buy rating on SSR Mining, with a price target of C$26.00. The company’s shares closed last Tuesday at $15.65, close to its 52-week low of $14.19.

According to TipRanks.com, Baretto is a 5-star analyst with an average return of 25.1% and a 50.1% success rate. Baretto covers the Basic Materials sector, focusing on stocks such as Turquoise Hill Resources, First Quantum Minerals, and Hecla Mining Company.

Currently, the analyst consensus on SSR Mining is a Strong Buy with an average price target of $26.15.

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