Analysts have been eager to weigh in on the Materials sector with new ratings on OceanaGold (OCANF – Research Report) and Southern Copper (SCCO – Research Report).
OceanaGold (OCANF)
In a report released today, Ovais Habib from Scotiabank maintained a Buy rating on OceanaGold, with a price target of C$4.25. The company’s shares closed last Friday at $2.07.
According to TipRanks.com, Habib is a 1-star analyst with an average return of
Currently, the analyst consensus on OceanaGold is a Strong Buy with an average price target of $2.93, which is a 46.5% upside from current levels. In a report issued on January 30, Desjardins also maintained a Buy rating on the stock with a C$4.00 price target.
See Insiders’ Hot Stocks on TipRanks >>
Southern Copper (SCCO)
Scotiabank analyst Alfonso Salazar reiterated a Sell rating on Southern Copper today and set a price target of $53.00. The company’s shares closed last Friday at $81.73.
Salazar has an average return of
According to TipRanks.com, Salazar is ranked #2190 out of 8693 analysts.
The word on The Street in general, suggests a Moderate Sell analyst consensus rating for Southern Copper with a $71.50 average price target, representing a -12.4% downside. In a report released today, Citi also maintained a Sell rating on the stock with a $74.00 price target.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
Read More on OCANF:
