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Analysts Are Bullish on These Materials Stocks: Chemours Company (CC), Equinox Gold (EQX)

There’s a lot to be optimistic about in the Materials sector as 3 analysts just weighed in on Chemours Company (CCResearch Report), Equinox Gold (EQXResearch Report) and Centamin (CELTFResearch Report) with bullish sentiments.

Chemours Company (CC)

BMO Capital analyst John McNulty reiterated a Buy rating on Chemours Company today and set a price target of $60.00. The company’s shares closed last Monday at $40.53, close to its 52-week high of $42.00.

According to TipRanks.com, McNulty is a 4-star analyst with an average return of 3.7% and a 50.9% success rate. McNulty covers the Basic Materials sector, focusing on stocks such as Air Products and Chemicals, Sherwin-Williams Company, and Axalta Coating Systems.

Chemours Company has an analyst consensus of Moderate Buy, with a price target consensus of $44.64, implying a 10.1% upside from current levels. In a report issued on May 2, Alembic Global also maintained a Buy rating on the stock with a $40.00 price target.

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Equinox Gold (EQX)

In a report released today, Ryan Thompson from BMO Capital maintained a Buy rating on Equinox Gold, with a price target of $14.00. The company’s shares closed last Monday at $5.36, close to its 52-week low of $5.25.

According to TipRanks.com, Thompson is a 4-star analyst with an average return of 7.0% and a 38.9% success rate. Thompson covers the Basic Materials sector, focusing on stocks such as First Majestic Silver, Torex Gold Resources, and Fortuna Silver Mines.

Currently, the analyst consensus on Equinox Gold is a Moderate Buy with an average price target of $9.81, which is an 81.7% upside from current levels. In a report issued on May 5, TD Securities also maintained a Buy rating on the stock with a C$12.50 price target.

Centamin (CELTF)

In a report released yesterday, Jonathan Guy from Berenberg Bank reiterated a Buy rating on Centamin, with a price target of p114.00. The company’s shares closed last Monday at $1.03, close to its 52-week low of $1.00.

According to TipRanks.com, Guy is ranked 0 out of 5 stars with an average return of -7.3% and a 33.9% success rate. Guy covers the Basic Materials sector, focusing on stocks such as Galiano Gold, Yamana Gold, and FRESNILLO.

The word on The Street in general, suggests a Strong Buy analyst consensus rating for Centamin with a $1.60 average price target, representing a 54.1% upside. In a report issued on May 2, RBC Capital also reiterated a Buy rating on the stock with a p140.00 price target.

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