There’s a lot to be optimistic about in the Materials sector as 2 analysts just weighed in on Alamos Gold (AGI – Research Report) and Teck Resources (TECK – Research Report) with bullish sentiments.
Alamos Gold (AGI)
In a report released today, Mike Parkin from National Bank maintained a Buy rating on Alamos Gold, with a price target of C$26.50. The company’s shares closed last Friday at $15.30, close to its 52-week high of $16.01.
According to TipRanks.com, Parkin has 0 stars on 0-5 stars ranking scale with an average return of
Currently, the analyst consensus on Alamos Gold is a Strong Buy with an average price target of $17.13, a 13.5% upside from current levels. In a report issued on April 23, Canaccord Genuity also maintained a Buy rating on the stock with a C$25.00 price target.
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Teck Resources (TECK)
In a report released today, Bill Peterson from J.P. Morgan maintained a Buy rating on Teck Resources, with a price target of C$72.00. The company’s shares closed last Friday at $50.37, close to its 52-week high of $50.46.
According to TipRanks.com, Peterson has currently 0 stars on a ranking scale of 0-5 stars, with an average return of
The word on The Street in general, suggests a Strong Buy analyst consensus rating for Teck Resources with a $52.93 average price target, representing a 5.9% upside. In a report issued on April 12, Jefferies also maintained a Buy rating on the stock with a C$80.00 price target.
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