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Analysts Offer Insights on Materials Companies: Wacker Chemie AG (OtherWKCMF), Equinox Gold (EQX) and Methanex (MEOH)

Companies in the Materials sector have received a lot of coverage today as analysts weigh in on Wacker Chemie AG (WKCMFResearch Report), Equinox Gold (EQXResearch Report) and Methanex (MEOHResearch Report).

Wacker Chemie AG (WKCMF)

Warburg Research analyst Oliver Schwarz maintained a Buy rating on Wacker Chemie AG today and set a price target of EUR150.00. The company’s shares closed last Tuesday at $111.35.

Schwarz has an average return of 15.9% when recommending Wacker Chemie AG.

According to TipRanks.com, Schwarz is ranked #3500 out of 8800 analysts.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Wacker Chemie AG with a $132.42 average price target, implying a 14.6% upside from current levels. In a report issued on April 25, UBS also maintained a Buy rating on the stock with a EUR137.00 price target.

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Equinox Gold (EQX)

Scotiabank analyst Ovais Habib maintained a Hold rating on Equinox Gold today and set a price target of C$6.75. The company’s shares closed last Friday at $5.53.

According to TipRanks.com, Habib is a 3-star analyst with an average return of 2.1% and a 47.1% success rate. Habib covers the Basic Materials sector, focusing on stocks such as First Majestic Silver, Pan American Silver, and SilverCrest Metals.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Equinox Gold with a $6.48 average price target, which is a 22.7% upside from current levels. In a report issued on April 15, CIBC also maintained a Hold rating on the stock with a C$9.25 price target.

Methanex (MEOH)

In a report released today, Ben Isaacson from Scotiabank maintained a Buy rating on Methanex, with a price target of $58.00. The company’s shares closed last Friday at $48.27.

According to TipRanks.com, Isaacson is a 4-star analyst with an average return of 8.0% and a 47.1% success rate. Isaacson covers the Basic Materials sector, focusing on stocks such as Lithium Americas (Argentina) Corp., Sociedad Quimica Y Minera SA, and Cf Industries Holdings.

Currently, the analyst consensus on Methanex is a Moderate Buy with an average price target of $55.22, which is a 15.9% upside from current levels. In a report issued on April 24, Alembic Global also reiterated a Buy rating on the stock with a $60.00 price target.

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