.jpg "Tilray (NASDAQ: TLRY)")
There’s a lot to be optimistic about in the Materials sector as 3 analysts just weighed in on Tilray (TLRY – Research Report), Lithium Americas (LAC – Research Report) and Resolute Mining (RMGGF – Research Report) with bullish sentiments.
Tilray (TLRY)
Jefferies analyst Owen Bennett maintained a Buy rating on Tilray on August 20 and set a price target of $27.00. The company’s shares closed last Tuesday at $11.66, close to its 52-week low of $5.25.
According to TipRanks.com, Bennett has currently 0 stars on a ranking scale of 0-5 stars, with an average return of
Currently, the analyst consensus on Tilray is a Hold with an average price target of $14.72, implying a 44.7% upside from current levels. In a report issued on August 19, Cantor Fitzgerald also reiterated a Buy rating on the stock with a $19.00 price target.
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Lithium Americas (LAC)
In a report issued on September 7, Puneet Singh from Industrial Alliance Securities maintained a Buy rating on Lithium Americas, with a price target of C$32.00. The company’s shares closed last Tuesday at $26.26, close to its 52-week high of $28.75.
According to TipRanks.com, Singh is a 3-star analyst with an average return of
Lithium Americas has an analyst consensus of Strong Buy, with a price target consensus of $24.75, which is a -5.7% downside from current levels. In a report issued on August 30, Cowen & Co. also maintained a Buy rating on the stock with a $19.00 price target.
Resolute Mining (RMGGF)
According to TipRanks.com, Hatch is a 4-star analyst with an average return of
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Resolute Mining with a $0.58 average price target, implying a 77.4% upside from current levels. In a report issued on October 11, Goldman Sachs also maintained a Buy rating on the stock with a price target.
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