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Analysts Offer Insights on Materials Companies: Lundin Gold (OtherLUGDF), Albemarle (ALB) and Taseko Mines (TGB)

Analysts have been eager to weigh in on the Materials sector with new ratings on Lundin Gold (LUGDFResearch Report), Albemarle (ALBResearch Report) and Taseko Mines (TGBResearch Report).

Lundin Gold (LUGDF)

In a report released today, Ovais Habib from Scotiabank maintained a Hold rating on Lundin Gold, with a price target of C$19.00. The company’s shares closed last Thursday at $12.37.

According to TipRanks.com, Habib is a 2-star analyst with an average return of -0.6% and a 38.8% success rate. Habib covers the Basic Materials sector, focusing on stocks such as First Majestic Silver, Pan American Silver, and SilverCrest Metals.

Lundin Gold has an analyst consensus of Moderate Buy, with a price target consensus of $14.17.

See the top stocks recommended by analysts >>

Albemarle (ALB)

In a report released today, Chris Kapsch from Loop Capital Markets maintained a Buy rating on Albemarle, with a price target of $335.00. The company’s shares closed last Thursday at $119.39.

According to TipRanks.com, Kapsch is a 4-star analyst with an average return of 8.1% and a 55.1% success rate. Kapsch covers the Basic Materials sector, focusing on stocks such as Compass Minerals International, Sociedad Quimica Y Minera SA, and Element Solutions.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Albemarle with a $236.79 average price target, implying a 99.0% upside from current levels. In a report released today, Scotiabank also initiated coverage with a Buy rating on the stock with a $255.00 price target.

Taseko Mines (TGB)

In a report released today, Alex Terentiew from Stifel Nicolaus maintained a Buy rating on Taseko Mines, with a price target of C$3.60. The company’s shares closed last Thursday at $1.23.

According to TipRanks.com, Terentiew is ranked 0 out of 5 stars with an average return of -8.3% and a 29.2% success rate. Terentiew covers the Basic Materials sector, focusing on stocks such as First Quantum Minerals, Hudbay Minerals, and Capstone Copper.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Taseko Mines with a $2.01 average price target, a 71.8% upside from current levels. In a report released today, BMO Capital also maintained a Buy rating on the stock with a C$2.75 price target.

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