There’s a lot to be optimistic about in the Materials sector as 2 analysts just weighed in on Vale SA (VALE – Research Report) and Sigma Lithium (SGML – Research Report) with bullish sentiments.
Vale SA (VALE)
In a report released today, Alexander Pearce from BMO Capital maintained a Buy rating on Vale SA, with a price target of $20.00. The company’s shares closed last Tuesday at $15.77.
Pearce has an average return of
According to TipRanks.com, Pearce is ranked #630 out of 8375 analysts.
Vale SA has an analyst consensus of Moderate Buy, with a price target consensus of $18.45, which is a 18.3% upside from current levels. In a report released today, HSBC also maintained a Buy rating on the stock with a price target.
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Sigma Lithium (SGML)
BMO Capital analyst Joel Jackson maintained a Buy rating on Sigma Lithium yesterday and set a price target of $50.00. The company’s shares closed last Tuesday at $37.72, close to its 52-week high of $40.30.
According to TipRanks.com, Jackson 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 Sigma Lithium with a $53.19 average price target, which is a 33.9% upside from current levels. In a report released yesterday, Canaccord Genuity also maintained a Buy rating on the stock with a $67.00 price target.
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Read More on VALE:
- Citi downgrades Vale, opens ’90 day downside catalyst watch’
- Vale downgraded to Neutral from Buy at Citi
- Teck Up after its Base Metals Business Attracts Multiple Offers
- ‘Please Mine More Nickel’: Elon Musk Urges Mining Companies to Boost Production — Here’s One Name to Take Advantage
- Vale upgraded to Outperform from Market Perform at Itau BBA
