Analysts have been eager to weigh in on the Materials sector with new ratings on LANXESS (LNXSF – Research Report), Equinox Gold (EQX – Research Report) and Centerra Gold (CGAU – Research Report).
LANXESS (LNXSF)
Kepler Capital analyst Martin Roediger maintained a Buy rating on LANXESS on November 7 and set a price target of EUR29.00. The company’s shares closed last Wednesday at $25.20, close to its 52-week low of $21.47.
According to TipRanks.com, Roediger is ranked #954 out of 8601 analysts.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for LANXESS with a $32.92 average price target, a 29.9% upside from current levels. In a report issued on October 25, Berenberg Bank also maintained a Buy rating on the stock with a EUR35.00 price target.
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Equinox Gold (EQX)
RBC Capital analyst Wayne Lam maintained a Hold rating on Equinox Gold on November 6 and set a price target of C$7.25. The company’s shares closed last Wednesday at $4.59.
According to TipRanks.com, Lam ‘s ranking currently consits of 0 on a 0-5 ranking scale, with an average return of
Equinox Gold has an analyst consensus of Hold, with a price target consensus of $5.54, implying a 17.1% upside from current levels. In a report issued on October 23, National Bank also maintained a Hold rating on the stock with a C$8.75 price target.
Centerra Gold (CGAU)
RBC Capital analyst Michael Siperco maintained a Buy rating on Centerra Gold on November 6 and set a price target of C$12.00. The company’s shares closed last Wednesday at $5.72.
According to TipRanks.com, Siperco is currently ranked with 0 stars on a 0-5 stars ranking scale, with an average return of
Currently, the analyst consensus on Centerra Gold is a Moderate Buy with an average price target of $7.71, representing a 31.1% upside. In a report issued on October 23, National Bank also maintained a Buy rating on the stock with a C$11.00 price target.
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