Analysts have been eager to weigh in on the Materials sector with new ratings on West Fraser Timber Co (WFG – Research Report) and First Quantum Minerals (FQVLF – Research Report).
West Fraser Timber Co (WFG)
In a report released today, Hamir Patel from CIBC reiterated a Buy rating on West Fraser Timber Co, with a price target of C$140.00. The company’s shares closed last Thursday at $76.54.
According to TipRanks.com, Patel is a 5-star analyst with an average return of
Currently, the analyst consensus on West Fraser Timber Co is a Strong Buy with an average price target of $99.56, a 28.1% upside from current levels. In a report issued on April 19, RBC Capital also maintained a Buy rating on the stock with a $97.00 price target.
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First Quantum Minerals (FQVLF)
In a report released today, Bryce Adams from CIBC maintained a Hold rating on First Quantum Minerals, with a price target of C$15.00. The company’s shares closed last Thursday at $11.72.
According to TipRanks.com, Adams is a 4-star analyst with an average return of
Currently, the analyst consensus on First Quantum Minerals is a Moderate Buy with an average price target of $12.72, representing a 6.9% upside. In a report issued on April 16, Barclays also maintained a Hold rating on the stock with a C$16.00 price target.
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