There’s a lot to be optimistic about in the Materials sector as 2 analysts just weighed in on Agnico Eagle (AEM – Research Report) and Barrick Gold (GOLD – Research Report) with bullish sentiments.
Agnico Eagle (AEM)
Raymond James analyst Farooq Hamed maintained a Buy rating on Agnico Eagle today and set a price target of C$92.00. The company’s shares closed last Wednesday at $57.10.
According to TipRanks.com, Hamed has currently 0 stars on a ranking scale of 0-5 stars, with an average return of
Agnico Eagle has an analyst consensus of Strong Buy, with a price target consensus of $83.99, a 51.3% upside from current levels. In a report issued on October 6, RBC Capital also upgraded the stock to Buy with a $63.00 price target.
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Barrick Gold (GOLD)
Raymond James analyst Brian MacArthur maintained a Buy rating on Barrick Gold today and set a price target of C$34.00. The company’s shares closed last Wednesday at $19.23, close to its 52-week low of $17.56.
According to TipRanks.com, MacArthur is a 4-star analyst with an average return of
Barrick Gold has an analyst consensus of Strong Buy, with a price target consensus of $27.35.
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