Analysts have been eager to weigh in on the Materials sector with new ratings on Cameco (CCJ – Research Report), Hudbay Minerals (HBM – Research Report) and Silvercorp Metals (SVM – Research Report).
Cameco (CCJ)
In a report released today, Brian MacArthur from Raymond James maintained a Buy rating on Cameco, with a price target of C$46.00. The company’s shares closed last Tuesday at $23.68.
According to TipRanks.com, MacArthur is a 4-star analyst with an average return of
Currently, the analyst consensus on Cameco is a Strong Buy with an average price target of $34.77, representing a 52.0% upside. In a report issued on July 7, Scotiabank also maintained a Buy rating on the stock with a C$43.00 price target.
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Hudbay Minerals (HBM)
Raymond James analyst Farooq Hamed maintained a Buy rating on Hudbay Minerals today and set a price target of C$8.00. The company’s shares closed last Tuesday at $3.55, close to its 52-week low of $3.08.
According to TipRanks.com, Hamed has 0 stars on 0-5 stars ranking scale with an average return of
Currently, the analyst consensus on Hudbay Minerals is a Strong Buy with an average price target of $8.77, a 161.0% upside from current levels. In a report released today, Barclays also upgraded the stock to Buy with a C$6.00 price target.
Silvercorp Metals (SVM)
In a report released today, Craig Stanley from Raymond James maintained a Hold rating on Silvercorp Metals, with a price target of C$6.00. The company’s shares closed last Tuesday at $2.38, close to its 52-week low of $2.21.
According to TipRanks.com, Stanley has currently 0 stars on a ranking scale of 0-5 stars, with an average return of
Currently, the analyst consensus on Silvercorp Metals is a Moderate Buy with an average price target of $4.52, representing a 92.3% upside. In a report released yesterday, BMO Capital also maintained a Hold rating on the stock with a C$5.50 price target.
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