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Analysts Offer Insights on Materials Companies: Anglogold Ashanti (AU) and First Quantum Minerals (OtherFQVLF)

There’s a lot to be optimistic about in the Materials sector as 2 analysts just weighed in on Anglogold Ashanti (AUResearch Report) and First Quantum Minerals (FQVLFResearch Report) with bullish sentiments.

Anglogold Ashanti (AU)

J.P. Morgan analyst Dominic OKane maintained a Buy rating on Anglogold Ashanti yesterday and set a price target of $20.80. The company’s shares closed last Friday at $15.19, close to its 52-week low of $14.42.

According to TipRanks.com, OKane is a 4-star analyst with an average return of 9.5% and a 62.9% success rate. OKane covers the Basic Materials sector, focusing on stocks such as Sibanye Stillwater, Anglo American, and Gold Fields.

Anglogold Ashanti has an analyst consensus of Moderate Buy, with a price target consensus of $21.60, a 48.6% upside from current levels. In a report issued on June 29, Deutsche Bank also maintained a Buy rating on the stock with a $21.00 price target.

See the top stocks recommended by analysts >>

First Quantum Minerals (FQVLF)

J.P. Morgan analyst Patrick Jones maintained a Buy rating on First Quantum Minerals yesterday and set a price target of C$40.00. The company’s shares closed last Friday at $18.85, close to its 52-week low of $16.19.

According to TipRanks.com, Jones is ranked #7182 out of 7904 analysts.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for First Quantum Minerals with a $33.51 average price target.

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