There’s a lot to be optimistic about in the Materials sector as 2 analysts just weighed in on Barrick Gold (GOLD – Research Report) and Albemarle (ALB – Research Report) with bullish sentiments.
Barrick Gold (GOLD)
Stifel Nicolaus analyst Ingrid Rico maintained a Buy rating on Barrick Gold today and set a price target of C$25.00. The company’s shares closed last Wednesday at $14.06, close to its 52-week low of $13.76.
According to TipRanks.com, Rico is a 1-star analyst with an average return of
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Barrick Gold with a $21.05 average price target, representing a 47.5% upside. In a report released yesterday, Bank of America Securities also maintained a Buy rating on the stock with a $20.00 price target.
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Albemarle (ALB)
In a report released today, Colin Rusch from Oppenheimer maintained a Buy rating on Albemarle, with a price target of $191.00. The company’s shares closed last Wednesday at $114.39, close to its 52-week low of $108.39.
Rusch has an average return of
According to TipRanks.com, Rusch is ranked #33 out of 8720 analysts.
Currently, the analyst consensus on Albemarle is a Moderate Buy with an average price target of $146.59, a 28.9% upside from current levels. In a report issued on January 31, Scotiabank also maintained a Buy rating on the stock with a $160.00 price target.
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