Analysts Have Conflicting Sentiments on These Materials Companies: Golden Minerals Co (AUMN), Evolution Mining Limited (OtherCAHPF) and IGO (OtherIPGDF)

Analysts have been eager to weigh in on the Materials sector with new ratings on Golden Minerals Co (AUMN – Research Report), Evolution Mining Limited (CAHPF – Research Report) and IGO (IPGDF – Research Report).

Golden Minerals Co (AUMN)

In a report released yesterday, Siddharth Rajeev from Fundamental Research reiterated a Buy rating on Golden Minerals Co, with a price target of $0.79. The company’s shares closed last Tuesday at $0.26, close to its 52-week low of $0.22.

According to TipRanks.com, Rajeev is a 2-star analyst with an average return of 0.4% and a 35.1% success rate. Rajeev covers the Basic Materials sector, focusing on stocks such as Monarch Mining, Newmont Mining, and Barrick Gold.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Golden Minerals Co with a $0.70 average price target.

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Evolution Mining Limited (CAHPF)

J.P. Morgan analyst Al Harvey downgraded Evolution Mining Limited to Hold yesterday and set a price target of A$2.90. The company’s shares closed last Tuesday at $1.60, close to its 52-week low of $1.55.

According to TipRanks.com, Harvey is a 2-star analyst with an average return of 0.8% and a 47.4% success rate. Harvey covers the Basic Materials sector, focusing on stocks such as Northern Star Resources Ltd, Pilbara Minerals Limited, and Iluka Resources Limited.

Evolution Mining Limited has an analyst consensus of Hold, with a price target consensus of $2.03, a 31.0% upside from current levels. In a report issued on August 18, UBS also maintained a Hold rating on the stock with a A$2.80 price target.

IGO (IPGDF)

J.P. Morgan analyst Lyndon Fagan maintained a Buy rating on IGO yesterday and set a price target of A$14.00. The company’s shares closed last Tuesday at $9.07.

According to TipRanks.com, Fagan is a 4-star analyst with an average return of 12.1% and a 62.8% success rate. Fagan covers the Basic Materials sector, focusing on stocks such as Fortescue Metals Group Ltd, Sandfire Resources Limited, and Newcrest Mining Limited.

IGO has an analyst consensus of Moderate Buy, with a price target consensus of $9.24, implying a 3.4% upside from current levels. In a report issued on August 22, Macquarie also maintained a Buy rating on the stock with a A$21.00 price target.

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