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Analysts Offer Insights on Materials Companies: Methanex (MEOH) and Galiano Gold (GAU)

Companies in the Materials sector have received a lot of coverage today as analysts weigh in on Methanex (MEOHResearch Report) and Galiano Gold (GAUResearch Report).

Methanex (MEOH)

In a report released yesterday, Matthew Blair from Tudor Pickering reiterated a Hold rating on Methanex, with a price target of C$55.00. The company’s shares closed last Wednesday at $43.96.

According to TipRanks.com, Blair is ranked #3327 out of 7757 analysts.

Methanex has an analyst consensus of Moderate Buy, with a price target consensus of $49.09, a 7.1% upside from current levels. In a report released yesterday, Alembic Global also maintained a Hold rating on the stock with a $40.00 price target.

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Galiano Gold (GAU)

In a report released yesterday, Jonathan Guy from Berenberg Bank maintained a Buy rating on Galiano Gold, with a price target of C$1.20. The company’s shares closed last Wednesday at $0.70, close to its 52-week low of $0.60.

According to TipRanks.com, Guy is currently ranked with 0 stars on a 0-5 stars ranking scale, with an average return of -7.8% and a 33.7% success rate. Guy covers the Basic Materials sector, focusing on stocks such as Yamana Gold, FRESNILLO, and Centamin.

Currently, the analyst consensus on Galiano Gold is a Moderate Buy with an average price target of $1.38, a 101.3% upside from current levels. In a report released yesterday, H.C. Wainwright also reiterated a Buy rating on the stock with a C$2.80 price target.

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