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Analysts Offer Insights on Materials Companies: Bunge (BG), Kinross Gold (KGC) and MAG Silver (MAG)

Analysts have been eager to weigh in on the Materials sector with new ratings on Bunge (BGResearch Report), Kinross Gold (KGCResearch Report) and MAG Silver (MAGResearch Report).

Bunge (BG)

In a report released today, Kenneth Zaslow from BMO Capital maintained a Buy rating on Bunge, with a price target of $144.00. The company’s shares closed last Wednesday at $91.52.

According to TipRanks.com, Zaslow is a 5-star analyst with an average return of 10.8% and a 67.6% success rate. Zaslow covers the Consumer Goods sector, focusing on stocks such as Mondelez International, The Hershey Company, and Pilgrim’s Pride.

The word on The Street in general, suggests a Strong Buy analyst consensus rating for Bunge with a $125.57 average price target, a 37.2% upside from current levels. In a report issued on July 18, Robert W. Baird also maintained a Buy rating on the stock with a $121.00 price target.

See the top stocks recommended by analysts >>

Kinross Gold (KGC)

BMO Capital analyst Jackie Przybylowski maintained a Buy rating on Kinross Gold today and set a price target of C$6.00. The company’s shares closed last Wednesday at $3.23, close to its 52-week low of $3.00.

According to TipRanks.com, Przybylowski is a 4-star analyst with an average return of 6.3% and a 31.2% success rate. Przybylowski covers the Basic Materials sector, focusing on stocks such as Wheaton Precious Metals, First Quantum Minerals, and Osisko Gold Royalties.

Currently, the analyst consensus on Kinross Gold is a Moderate Buy with an average price target of $6.25, a 93.5% upside from current levels. In a report issued on July 19, Barclays also maintained a Buy rating on the stock with a $6.00 price target.

MAG Silver (MAG)

BMO Capital analyst Ryan Thompson maintained a Hold rating on MAG Silver today and set a price target of C$20.50. The company’s shares closed last Wednesday at $12.45.

According to TipRanks.com, Thompson is a 3-star analyst with an average return of 2.9% and a 35.7% success rate. Thompson covers the Basic Materials sector, focusing on stocks such as First Majestic Silver, Hecla Mining Company, and Fortuna Silver Mines.

MAG Silver has an analyst consensus of Strong Buy, with a price target consensus of $19.35.

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