Companies in the Materials sector have received a lot of coverage today as analysts weigh in on Newmont Mining (NEM – Research Report), Albemarle (ALB – Research Report) and Agnico Eagle (AEM – Research Report).
Newmont Mining (NEM)
In a report released today, Josh Wolfson from RBC Capital assigned a Hold rating to Newmont Mining, with a price target of $40.00. The company’s shares closed last Friday at $33.43, close to its 52-week low of $31.62.
According to TipRanks.com, Wolfson is a 2-star analyst with an average return of
Newmont Mining has an analyst consensus of Moderate Buy, with a price target consensus of $47.30, a 43.6% upside from current levels. In a report released yesterday, UBS also maintained a Hold rating on the stock with a A$60.00 price target.
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Albemarle (ALB)
Scotiabank analyst Ben Isaacson maintained a Buy rating on Albemarle today and set a price target of $160.00. The company’s shares closed last Friday at $122.59, close to its 52-week low of $108.39.
According to TipRanks.com, Isaacson is a 4-star analyst with an average return of
Currently, the analyst consensus on Albemarle is a Moderate Buy with an average price target of $144.11, a 21.2% upside from current levels. In a report issued on February 6, RBC Capital also maintained a Buy rating on the stock with a $140.00 price target.
Agnico Eagle (AEM)
In a report released today, Tanya Jakusconek from Scotiabank maintained a Buy rating on Agnico Eagle, with a price target of $71.00. The company’s shares closed last Friday at $47.80.
According to TipRanks.com, Jakusconek 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 Agnico Eagle with a $66.18 average price target, representing a 39.9% upside. In a report issued on February 6, National Bank also maintained a Buy rating on the stock with a C$84.00 price target.
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