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Analysts’ Opinions Are Mixed on These Materials Stocks: Aurora Cannabis (ACB), Barrick Gold (GOLD) and First Quantum Minerals (OtherFQVLF)

Companies in the Materials sector have received a lot of coverage today as analysts weigh in on Aurora Cannabis (ACBResearch Report), Barrick Gold (GOLDResearch Report) and First Quantum Minerals (FQVLFResearch Report).

Aurora Cannabis (ACB)

In a report released today, Michael Lavery from Piper Sandler maintained a Hold rating on Aurora Cannabis, with a price target of C$4.00. The company’s shares closed last Friday at $2.82, close to its 52-week low of $2.20.

According to TipRanks.com, Lavery is a 3-star analyst with an average return of 0.8% and a 48.7% success rate. Lavery covers the Consumer Goods sector, focusing on stocks such as General Mills, Post Holdings, and Hormel Foods.

Currently, the analyst consensus on Aurora Cannabis is a Moderate Sell with an average price target of $2.93, implying a 20.6% upside from current levels. In a report released today, Cantor Fitzgerald also maintained a Hold rating on the stock with a C$3.90 price target.

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Barrick Gold (GOLD)

National Bank analyst Mike Parkin maintained a Hold rating on Barrick Gold today and set a price target of C$34.00. The company’s shares closed last Friday at $20.42.

According to TipRanks.com, Parkin has currently 0 stars on a ranking scale of 0-5 stars, with an average return of -6.7% and a 30.7% success rate. Parkin covers the Basic Materials sector, focusing on stocks such as Newmont Mining, Eldorado Gold, and Centerra Gold.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Barrick Gold with a $28.33 average price target, representing a 40.2% upside. In a report issued on May 10, KeyBanc also maintained a Hold rating on the stock.

First Quantum Minerals (FQVLF)

Raymond James analyst Farooq Hamed maintained a Buy rating on First Quantum Minerals today and set a price target of C$45.00. The company’s shares closed last Friday at $25.11.

According to TipRanks.com, Hamed has 0 stars on 0-5 stars ranking scale with an average return of -12.2% and a 33.3% success rate. Hamed covers the Basic Materials sector, focusing on stocks such as Hudbay Minerals, Lundin Mining, and Ivanhoe Mines.

First Quantum Minerals has an analyst consensus of Moderate Buy, with a price target consensus of $33.77, which is a 34.3% upside from current levels. In a report issued on April 28, Canaccord Genuity also upgraded the stock to Buy with a C$44.00 price target.

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