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Analysts’ Opinions Are Mixed on These Materials Stocks: Cameco (CCJ), Hudbay Minerals (HBM) and Silvercorp Metals (SVM)

Analysts have been eager to weigh in on the Materials sector with new ratings on Cameco (CCJResearch Report), Hudbay Minerals (HBMResearch Report) and Silvercorp Metals (SVMResearch Report).

Cameco (CCJ)

In a report released today, Brian MacArthur from Raymond James maintained a Buy rating on Cameco, with a price target of C$46.00. The company’s shares closed last Tuesday at $23.68.

According to TipRanks.com, MacArthur is a 4-star analyst with an average return of 3.4% and a 42.4% success rate. MacArthur covers the Basic Materials sector, focusing on stocks such as Osisko Gold Royalties, Teck Resources, and Trevali Mining.

Currently, the analyst consensus on Cameco is a Strong Buy with an average price target of $34.77, representing a 52.0% upside. In a report issued on July 7, Scotiabank also maintained a Buy rating on the stock with a C$43.00 price target.

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Hudbay Minerals (HBM)

Raymond James analyst Farooq Hamed maintained a Buy rating on Hudbay Minerals today and set a price target of C$8.00. The company’s shares closed last Tuesday at $3.55, close to its 52-week low of $3.08.

According to TipRanks.com, Hamed has 0 stars on 0-5 stars ranking scale with an average return of -16.3% and a 28.9% success rate. Hamed covers the Basic Materials sector, focusing on stocks such as First Quantum Minerals, Lundin Mining, and Ivanhoe Mines.

Currently, the analyst consensus on Hudbay Minerals is a Strong Buy with an average price target of $8.77, a 161.0% upside from current levels. In a report released today, Barclays also upgraded the stock to Buy with a C$6.00 price target.

Silvercorp Metals (SVM)

In a report released today, Craig Stanley from Raymond James maintained a Hold rating on Silvercorp Metals, with a price target of C$6.00. The company’s shares closed last Tuesday at $2.38, close to its 52-week low of $2.21.

According to TipRanks.com, Stanley has currently 0 stars on a ranking scale of 0-5 stars, with an average return of -10.8% and a 30.3% success rate. Stanley covers the Basic Materials sector, focusing on stocks such as SilverCrest Metals, Bear Creek Mining, and Marathon Gold.

Currently, the analyst consensus on Silvercorp Metals is a Moderate Buy with an average price target of $4.52, representing a 92.3% upside. In a report released yesterday, BMO Capital also maintained a Hold rating on the stock with a C$5.50 price target.

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