There’s a lot to be optimistic about in the Materials sector as 3 analysts just weighed in on Agnico Eagle (AEM – Research Report), Hecla Mining Company (HL – Research Report) and PPG Industries (PPG – Research 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
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.
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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
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
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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