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Analysts’ Top Materials Picks: Agnico Eagle (AEM), Hecla Mining Company (HL)

There’s a lot to be optimistic about in the Materials sector as 3 analysts just weighed in on Agnico Eagle (AEMResearch Report), Hecla Mining Company (HLResearch Report) and PPG Industries (PPGResearch Report) with bullish sentiments.

Agnico Eagle (AEM)

RBC Capital analyst Josh Wolfson maintained a Buy rating on Agnico Eagle on July 25 and set a price target of $65.00. The company’s shares closed last Wednesday at $39.51, close to its 52-week low of $38.02.

According to TipRanks.com, Wolfson is a 1-star analyst with an average return of -3.7% and a 41.3% success rate. Wolfson covers the Basic Materials sector, focusing on stocks such as Wheaton Precious Metals, Osisko Gold Royalties, and Anglogold Ashanti.

Currently, the analyst consensus on Agnico Eagle is a Strong Buy with an average price target of $65.24, implying a 66.0% upside from current levels. In a report issued on July 19, Barclays also maintained a Buy rating on the stock with a $62.00 price target.

See the top stocks recommended by analysts >>

Hecla Mining Company (HL)

In a report issued on July 25, Michael Siperco from RBC Capital maintained a Buy rating on Hecla Mining Company, with a price target of $7.00. The company’s shares closed last Wednesday at $4.29.

According to TipRanks.com, Siperco is ranked 0 out of 5 stars with an average return of -14.8% and a 25.0% success rate. Siperco covers the Basic Materials sector, focusing on stocks such as Pan American Silver, SilverCrest Metals, and G Mining Ventures.

Currently, the analyst consensus on Hecla Mining Company is a Moderate Buy with an average price target of $6.17, implying a 53.9% upside from current levels. In a report issued on July 13, Roth Capital also maintained a Buy rating on the stock with a $5.00 price target.

PPG Industries (PPG)

RBC Capital analyst Arun Viswanathan maintained a Buy rating on PPG Industries on July 25 and set a price target of $144.00. The company’s shares closed last Wednesday at $126.93.

According to TipRanks.com, Viswanathan is a 4-star analyst with an average return of 4.0% and a 54.7% success rate. Viswanathan covers the Basic Materials sector, focusing on stocks such as Sherwin-Williams Company, Axalta Coating Systems, and Ardagh Metal Packaging.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for PPG Industries with a $148.37 average price target, representing a 19.2% upside. In a report issued on July 13, Bank of America Securities also maintained a Buy rating on the stock with a $161.00 price target.

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