Analysts Offer Insights on Materials Companies: ArcelorMittal (MT) and Alamos Gold (AGI)
Companies in the Materials sector have received a lot of coverage today as analysts weigh in on ArcelorMittal (MT – Research Report) and Alamos Gold (AGI – Research Report).
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ArcelorMittal (MT)
KeyBanc analyst Philip Gibbs maintained a Hold rating on ArcelorMittal today. The company’s shares closed last Friday at $61.30.
According to TipRanks.com, Gibbs is a top 100 analyst with an average return of
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for ArcelorMittal with a $48.00 average price target, which is a -20.1% downside from current levels. In a report issued on January 26, TipRanks – Google also downgraded the stock to Hold with a $58.00 price target.
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Alamos Gold (AGI)
In a report released yesterday, Sathish Kasinathan from Bank of America Securities reiterated a Buy rating on Alamos Gold, with a price target of $48.00. The company’s shares closed last Friday at $40.17.
Kasinathan has an average return of
According to TipRanks.com, Kasinathan is ranked #1452 out of 12103 analysts.
The word on The Street in general, suggests a Strong Buy analyst consensus rating for Alamos Gold with a $51.17 average price target, a 30.7% upside from current levels. In a report issued on January 26, Scotiabank also maintained a Buy rating on the stock with a $55.00 price target.
