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Analysts Offer Insights on Materials Companies: Agnico Eagle (AEM) and Silvercorp Metals (SVM)

Analysts have been eager to weigh in on the Materials sector with new ratings on Agnico Eagle (AEMResearch Report) and Silvercorp Metals (SVMResearch Report).

Agnico Eagle (AEM)

In a report released today, Farooq Hamed from Raymond James maintained a Buy rating on Agnico Eagle, with a price target of C$84.00. The company’s shares closed last Wednesday at $49.67, close to its 52-week low of $45.42.

According to TipRanks.com, Hamed ‘s ranking currently consits of 0 on a 0-5 ranking scale, with an average return of -10.0% and a 34.0% success rate. Hamed covers the Basic Materials sector, focusing on stocks such as First Quantum Minerals, Hudbay Minerals, and Ivanhoe Mines.

Currently, the analyst consensus on Agnico Eagle is a Strong Buy with an average price target of $70.90, a 45.1% upside from current levels. In a report issued on January 27, National Bank also upgraded the stock to Buy with a C$84.00 price target.

See the top stocks recommended by analysts >>

Silvercorp Metals (SVM)

Raymond James analyst Craig Stanley reiterated a Hold rating on Silvercorp Metals today and set a price target of C$6.50. The company’s shares closed last Wednesday at $3.40, close to its 52-week low of $3.08.

According to TipRanks.com, Stanley is a 3-star analyst with an average return of 5.0% and a 50.6% success rate. Stanley covers the Basic Materials sector, focusing on stocks such as SilverCrest Metals, Bear Creek Mining, and Marathon Gold.

Currently, the analyst consensus on Silvercorp Metals is a Moderate Buy with an average price target of $5.83, representing a 70.5% upside. In a report released today, BMO Capital also maintained a Hold rating on the stock with a $6.00 price target.

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