Analysts have been eager to weigh in on the Materials sector with new ratings on Hudbay Minerals (HBM – Research Report), Summit Materials (SUM – Research Report) and SilverCrest Metals (SILV – Research Report).
Hudbay Minerals (HBM)
Stifel Nicolaus analyst Cole McGill maintained a Buy rating on Hudbay Minerals today and set a price target of C$12.50. The company’s shares closed last Tuesday at $10.05, close to its 52-week high of $10.10.
According to TipRanks.com, McGill is a 1-star analyst with an average return of
Hudbay Minerals has an analyst consensus of Strong Buy, with a price target consensus of $10.06, implying a 9.8% upside from current levels. In a report released yesterday, National Bank also upgraded the stock to Buy with a C$15.50 price target.
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Summit Materials (SUM)
In a report released today, Timna Tanners from Wolfe Research upgraded Summit Materials to Buy, with a price target of $49.00. The company’s shares closed last Tuesday at $40.73.
According to TipRanks.com, Tanners is a 2-star analyst with an average return of
Currently, the analyst consensus on Summit Materials is a Moderate Buy with an average price target of $49.67, which is a 22.5% upside from current levels. In a report issued on May 2, Truist Financial also maintained a Buy rating on the stock.
SilverCrest Metals (SILV)
In a report released today, Stephen Soock from Stifel Nicolaus maintained a Hold rating on SilverCrest Metals, with a price target of C$11.25. The company’s shares closed last Tuesday at $8.60, close to its 52-week high of $8.75.
According to TipRanks.com, Soock is a 3-star analyst with an average return of
Currently, the analyst consensus on SilverCrest Metals is a Moderate Buy with an average price target of $7.66.
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