There’s a lot to be optimistic about in the Materials sector as 2 analysts just weighed in on Hudbay Minerals (HBM – Research Report) and Trilogy Metals (TMQ – Research Report) with bullish sentiments.
Hudbay Minerals (HBM)
National Bank analyst Shane Nagle maintained a Buy rating on Hudbay Minerals today and set a price target of C$8.50. The company’s shares closed last Wednesday at $3.77, close to its 52-week low of $3.72.
According to TipRanks.com, Nagle is a 5-star analyst with an average return of
Currently, the analyst consensus on Hudbay Minerals is a Strong Buy with an average price target of $9.56, representing a 150.3% upside. In a report issued on June 27, Credit Suisse also maintained a Buy rating on the stock with a C$9.00 price target.
See today’s best-performing stocks on TipRanks >>
Trilogy Metals (TMQ)
In a report released today, Rabi Nizami from National Bank maintained a Buy rating on Trilogy Metals, with a price target of C$1.35. The company’s shares closed last Wednesday at $0.64.
According to TipRanks.com, Nizami is ranked #6882 out of 7914 analysts.
Trilogy Metals has an analyst consensus of Hold, with a price target consensus of $1.34.
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