Analysts have been eager to weigh in on the Materials sector with new ratings on Hudbay Minerals (HBM – Research Report), Lundin Gold (LUGDF – Research Report) and Contango ORE (CTGO – Research Report).
Hudbay Minerals (HBM)
TD Securities analyst Greg Barnes maintained a Buy rating on Hudbay Minerals today and set a price target of C$16.00. The company’s shares closed last Wednesday at $9.94, close to its 52-week high of $10.10.
According to TipRanks.com, Barnes is a 5-star analyst with an average return of
The word on The Street in general, suggests a Strong Buy analyst consensus rating for Hudbay Minerals with a $10.68 average price target, implying a 3.9% upside from current levels. In a report released yesterday, National Bank also upgraded the stock to Buy with a C$15.50 price target.
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Lundin Gold (LUGDF)
National Bank analyst Don DeMarco maintained a Hold rating on Lundin Gold today and set a price target of C$25.25. The company’s shares closed last Wednesday at $14.88, close to its 52-week high of $14.89.
According to TipRanks.com, DeMarco is a 5-star analyst with an average return of
Currently, the analyst consensus on Lundin Gold is a Moderate Buy with an average price target of $16.21, an 11.6% upside from current levels. In a report issued on May 9, Scotiabank also maintained a Hold rating on the stock with a C$21.00 price target.
Contango ORE (CTGO)
Fundamental Research analyst Siddharth Rajeev reiterated a Buy rating on Contango ORE on May 10 and set a price target of $29.67. The company’s shares closed last Wednesday at $19.85.
Rajeev has an average return of
According to TipRanks.com, Rajeev is ranked #6281 out of 8848 analysts.
Contango ORE has an analyst consensus of Strong Buy, with a price target consensus of $31.06, which is a 59.3% upside from current levels. In a report issued on May 6, Maxim Group also reiterated a Buy rating on the stock with a $36.00 price target.
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