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Analysts’ Opinions Are Mixed on These Materials Stocks: Alamos Gold (AGI) and Methanex (MEOH)

Companies in the Materials sector have received a lot of coverage today as analysts weigh in on Alamos Gold (AGIResearch Report) and Methanex (MEOHResearch Report).

Alamos Gold (AGI)

In a report released today, Michael Siperco from RBC Capital assigned a Buy rating to Alamos Gold, with a price target of $18.00. The company’s shares closed last Monday at $14.76.

According to TipRanks.com, Siperco is a 2-star analyst with an average return of -0.5% and a 46.6% success rate. Siperco covers the Basic Materials sector, focusing on stocks such as Novagold Resources New, Hecla Mining Company, and Pan American Silver.

The word on The Street in general, suggests a Strong Buy analyst consensus rating for Alamos Gold with a $17.01 average price target, representing a 14.9% upside. In a report issued on April 9, Bank of America Securities also upgraded the stock to Buy with a $20.00 price target.

See today’s best-performing stocks on TipRanks >>

Methanex (MEOH)

RBC Capital analyst Nelson Ng assigned a Hold rating to Methanex yesterday and set a price target of $45.00. The company’s shares closed last Monday at $47.66.

According to TipRanks.com, Ng is a 4-star analyst with an average return of 5.7% and a 52.7% success rate. Ng covers the Utilities sector, focusing on stocks such as Brookfield Renewable Partners, Algonquin Power & Utilities, and Northland Power.

Methanex has an analyst consensus of Strong Buy, with a price target consensus of $55.00.

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