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Wall Street Analysts Are Bullish on Top Materials Picks

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There’s a lot to be optimistic about in the Materials sector as 2 analysts just weighed in on Allegiant Gold (AUXXFResearch Report) and Medicine Man Technologies (SHWZResearch Report) with bullish sentiments.

Allegiant Gold (AUXXF)

In a report released today, Mark Reichman from Noble Financial maintained a Buy rating on Allegiant Gold, with a price target of $0.90. The company’s shares closed last Monday at $0.31.

According to TipRanks.com, Reichman is a 3-star analyst with an average return of 2.2% and a 36.2% success rate. Reichman covers the Basic Materials sector, focusing on stocks such as Great Bear Resources, Endeavour Silver, and Comstock Mining.

Allegiant Gold has an analyst consensus of Moderate Buy, with a price target consensus of $0.90.

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

Medicine Man Technologies (SHWZ)

In a report released today, Joe Gomes from Noble Financial maintained a Buy rating on Medicine Man Technologies, with a price target of $4.00. The company’s shares closed last Monday at $2.22.

According to TipRanks.com, Gomes is a 5-star analyst with an average return of 27.5% and a 58.3% success rate. Gomes covers the Technology sector, focusing on stocks such as Comtech Telecommunications, Voyager Digital (Canada), and One Stop Systems.

Currently, the analyst consensus on Medicine Man Technologies is a Moderate Buy with an average price target of $4.00.

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