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Analysts’ Top Materials Picks: Pan American Silver (PAAS), Chemours Company (CC)

Tipranks - Thu May 7, 12:44PM CDT

There’s a lot to be optimistic about in the Materials sector as 2 analysts just weighed in on Pan American Silver (PAAS) and Chemours Company (CC) with bullish sentiments.

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Pan American Silver (PAAS)

In a report released today, Lawson Winder from Bank of America Securities maintained a Buy rating on Pan American Silver, with a price target of $77.00. The company’s shares closed last Wednesday at $56.11.

According to TipRanks.com, Winder is a 5-star analyst with an average return of 16.7% and a 57.5% success rate. Winder covers the Basic Materials sector, focusing on stocks such as Wheaton Precious Metals, Nexa Resources SA, and Cleveland-Cliffs. ;'>

Currently, the analyst consensus on Pan American Silver is a Strong Buy with an average price target of $68.92, a 26.8% upside from current levels. In a report issued on April 22, Scotiabank also maintained a Buy rating on the stock with a $65.00 price target.

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Chemours Company (CC)

Truist Financial analyst Pete Osterland maintained a Buy rating on Chemours Company today. The company’s shares closed last Wednesday at $23.79.

According to TipRanks.com, Osterland is a 5-star analyst with an average return of 49.2% and a 84.7% success rate. Osterland covers the Basic Materials sector, focusing on stocks such as Minerals Technologies, Westlake Corporation, and Element Solutions. ;'>

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Chemours Company with a $23.25 average price target, representing a -7.7% downside. In a report released yesterday, Alembic Global also maintained a Buy rating on the stock with a $24.00 price target.

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