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Analysts’ Opinions Are Mixed on These Materials Stocks: Sibanye Stillwater (SBSW) and HEXO (HEXO)

Analysts have been eager to weigh in on the Materials sector with new ratings on Sibanye Stillwater (SBSWResearch Report) and HEXO (HEXOResearch Report).

Sibanye Stillwater (SBSW)

In a report issued on March 3, Dominic OKane from J.P. Morgan maintained a Buy rating on Sibanye Stillwater, with a price target of $22.00. The company’s shares closed last Monday at $20.32, close to its 52-week high of $20.68.

According to TipRanks.com, OKane is a 5-star analyst with an average return of 14.0% and a 72.2% success rate. OKane covers the Basic Materials sector, focusing on stocks such as Harmony Gold Mining, Anglogold Ashanti, and Anglo American.

Sibanye Stillwater has an analyst consensus of Strong Buy, with a price target consensus of $22.38, a 12.6% upside from current levels. In a report issued on February 23, RBC Capital also maintained a Buy rating on the stock with a $24.00 price target.

See today’s best-performing stocks on TipRanks >>

HEXO (HEXO)

In a report issued on March 4, Frederico Gomes from ATB Capital Markets upgraded HEXO to Hold, with a price target of C$1.10. The company’s shares closed last Monday at $0.55, close to its 52-week low of $0.46.

According to TipRanks.com, Gomes is a 2-star analyst with an average return of 18.9% and a 66.7% success rate. Gomes covers the Basic Materials sector, focusing on stocks such as Fire & Flower Holdings, OrganiGram Holdings, and Aurora Cannabis.

Currently, the analyst consensus on HEXO is a Hold with an average price target of $0.77, a 35.1% upside from current levels. In a report issued on March 4, Cantor Fitzgerald also maintained a Hold rating on the stock with a C$0.90 price target.

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