Analysts have been eager to weigh in on the Materials sector with new ratings on OceanaGold (OCANF – Research Report), Alamos Gold (AGI – Research Report) and Agnico Eagle (AEM – Research Report).
OceanaGold (OCANF)
RBC Capital analyst Wayne Lam maintained a Buy rating on OceanaGold on October 30 and set a price target of C$4.25. The company’s shares closed last Thursday at $1.68.
According to TipRanks.com, Lam is currently ranked with 0 stars on a 0-5 stars ranking scale, with an average return of
The word on The Street in general, suggests a Strong Buy analyst consensus rating for OceanaGold with a $2.72 average price target, representing a 62.9% upside. In a report issued on October 24, Desjardins also initiated coverage with a Buy rating on the stock with a A$3.50 price target.
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Alamos Gold (AGI)
In a report issued on October 30, Michael Siperco from RBC Capital maintained a Hold rating on Alamos Gold, with a price target of $12.00. The company’s shares closed last Thursday at $12.82.
According to TipRanks.com, Siperco has currently 0 stars on a ranking scale of 0-5 stars, with an average return of
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Alamos Gold with a $14.55 average price target, representing a 14.7% upside. In a report issued on October 24, Desjardins also initiated coverage with a Hold rating on the stock with a C$19.50 price target.
Agnico Eagle (AEM)
RBC Capital analyst Josh Wolfson maintained a Buy rating on Agnico Eagle on October 30 and set a price target of $55.00. The company’s shares closed last Thursday at $47.59.
According to TipRanks.com, Wolfson is a 3-star analyst with an average return of
Currently, the analyst consensus on Agnico Eagle is a Strong Buy with an average price target of $60.21, representing a 26.3% upside. In a report issued on October 23, National Bank also maintained a Buy rating on the stock with a C$86.00 price target.
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Read More on OCANF:
- OceanaGold price target lowered to C$4 from C$4.25 at National Bank
- OceanaGold price target lowered to C$4 from C$4.25 at Scotiabank
- OceanaGold price target lowered to C$4.50 from C$4.75 at CIBC
- OceanaGold Reports Third Quarter 2023 Operating and Financial Results
- OceanaGold initiated with a Buy at Desjardins
