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Analysts’ Opinions Are Mixed on These Materials Stocks: First Majestic Silver (AG), Taseko Mines (TGB) and Barrick Gold (GOLD)

Analysts have been eager to weigh in on the Materials sector with new ratings on First Majestic Silver (AGResearch Report), Taseko Mines (TGBResearch Report) and Barrick Gold (GOLDResearch Report).

First Majestic Silver (AG)

Scotiabank analyst Ovais Habib maintained a Hold rating on First Majestic Silver today and set a price target of $7.00. The company’s shares closed last Thursday at $4.45, close to its 52-week low of $4.38.

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 Pan American Silver, SilverCrest Metals, and Marathon Gold.

Currently, the analyst consensus on First Majestic Silver is a Hold with an average price target of $7.91.

See the top stocks recommended by analysts >>

Taseko Mines (TGB)

Scotiabank analyst Orest Wowkodaw reiterated a Hold rating on Taseko Mines today and set a price target of C$2.00. The company’s shares closed last Thursday at $1.26.

According to TipRanks.com, Wowkodaw is a 5-star analyst with an average return of 14.9% and a 51.0% success rate. Wowkodaw covers the Basic Materials sector, focusing on stocks such as First Quantum Minerals, Freeport-McMoRan, and Hudbay Minerals.

Currently, the analyst consensus on Taseko Mines is a Moderate Buy with an average price target of $2.01.

Barrick Gold (GOLD)

Scotiabank analyst Tanya Jakusconek maintained a Buy rating on Barrick Gold today and set a price target of $25.00. The company’s shares closed last Thursday at $16.05.

According to TipRanks.com, Jakusconek is a 1-star analyst with an average return of -4.5% and a 41.8% success rate. Jakusconek covers the Basic Materials sector, focusing on stocks such as Compania de Minas Buenaventura SAA, Wheaton Precious Metals, and Newcrest Mining Limited.

The word on The Street in general, suggests a Strong Buy analyst consensus rating for Barrick Gold with a $22.06 average price target, implying a 36.2% upside from current levels. In a report issued on October 23, RBC Capital also maintained a Buy rating on the stock with a $18.00 price target.

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