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Analysts Offer Insights on Materials Companies: Kinross Gold (KGC), First Quantum Minerals (OtherFQVLF) and CubicFarm Systems (OtherCUBXF)

There’s a lot to be optimistic about in the Materials sector as 3 analysts just weighed in on Kinross Gold (KGCResearch Report), First Quantum Minerals (FQVLFResearch Report) and CubicFarm Systems (CUBXFResearch Report) with bullish sentiments.

Kinross Gold (KGC)

In a report released yesterday, Farooq Hamed from Raymond James maintained a Buy rating on Kinross Gold, with a price target of C$10.00. The company’s shares closed last Thursday at $5.81.

According to TipRanks.com, Hamed is ranked 0 out of 5 stars with an average return of -8.7% and a 37.9% success rate. Hamed covers the Basic Materials sector, focusing on stocks such as First Quantum Minerals, Hudbay Minerals, and Lundin Mining.

Kinross Gold has an analyst consensus of Strong Buy, with a price target consensus of $8.65, representing a 47.4% upside. In a report issued on February 3, Barclays also maintained a Buy rating on the stock with a $8.00 price target.

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First Quantum Minerals (FQVLF)

Canaccord Genuity analyst Dalton Baretto maintained a Buy rating on First Quantum Minerals yesterday and set a price target of C$41.00. The company’s shares closed last Thursday at $27.11.

According to TipRanks.com, Baretto is a 5-star analyst with an average return of 28.7% and a 57.6% success rate. Baretto covers the Basic Materials sector, focusing on stocks such as Turquoise Hill Resources, Fortuna Silver Mines, and Hudbay Minerals.

First Quantum Minerals has an analyst consensus of Strong Buy, with a price target consensus of $30.80, which is a 13.1% upside from current levels. In a report issued on February 2, Scotiabank also maintained a Buy rating on the stock with a C$43.00 price target.

CubicFarm Systems (CUBXF)

Raymond James analyst Steve Hansen reiterated a Buy rating on CubicFarm Systems yesterday and set a price target of C$2.30. The company’s shares closed last Thursday at $0.88, close to its 52-week low of $0.74.

Hansen has an average return of 18.4% when recommending CubicFarm Systems.

According to TipRanks.com, Hansen is ranked #3439 out of 7805 analysts.

The word on The Street in general, suggests a Strong Buy analyst consensus rating for CubicFarm Systems with a $1.75 average price target.

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