Companies in the Materials sector have received a lot of coverage today as analysts weigh in on First Quantum Minerals (FQVLF – Research Report) and MAG Silver (MAG – Research Report).
First Quantum Minerals (FQVLF)
TD Securities analyst Greg Barnes maintained a Hold rating on First Quantum Minerals today and set a price target of C$18.00. The company’s shares closed last Thursday at $11.86.
According to TipRanks.com, Barnes is a 5-star analyst with an average return of
First Quantum Minerals has an analyst consensus of Moderate Buy, with a price target consensus of $12.82, which is a 7.7% upside from current levels. 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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MAG Silver (MAG)
Stifel Nicolaus analyst Stephen Soock maintained a Buy rating on MAG Silver today and set a price target of C$20.25. The company’s shares closed last Thursday at $12.97, close to its 52-week high of $13.62.
According to TipRanks.com, Soock is a 1-star analyst with an average return of
Currently, the analyst consensus on MAG Silver is a Strong Buy with an average price target of $15.05, representing a 23.4% upside. In a report issued on April 19, National Bank also maintained a Buy rating on the stock with a C$21.50 price target.
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Read More on FQVLF:
- First Quantum Minerals Tackles Q1 Challenges
- First Quantum Minerals price target raised to C$15 from C$14 at CIBC
- First Quantum Minerals price target raised to C$22 from C$21 at Canaccord
- First Quantum Minerals price target raised to C$16 from C$13 at Barclays
- First Quantum Minerals price target raised to C$15 from C$13 at Scotiabank
