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Analysts’ Top Materials Picks: Coeur Mining (CDE), Nevada King Gold Corp (NKGFF)

Tipranks - Thu Mar 26, 8:43AM CDT

There’s a lot to be optimistic about in the Materials sector as 2 analysts just weighed in on Coeur Mining (CDE) and Nevada King Gold Corp (NKGFF) with bullish sentiments.

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Coeur Mining (CDE)

In a report released yesterday, Kevin O’Halloran from BMO Capital resumed coverage with a Buy rating on Coeur Mining and a price target of $27.00. The company’s shares closed last Wednesday at $18.76.

According to TipRanks.com, O’Halloran is a top 25 analyst with an average return of 71.7% and a 87.7% success rate. O’Halloran covers the Basic Materials sector, focusing on stocks such as First Majestic Silver, Torex Gold Resources, and Hecla Mining Company. ;'>

The word on The Street in general, suggests a Strong Buy analyst consensus rating for Coeur Mining with a $27.19 average price target, representing a 48.5% upside. In a report issued on March 12, RBC Capital also maintained a Buy rating on the stock with a $26.00 price target.

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Nevada King Gold Corp (NKGFF)

Atrium Research analyst Ben Pirie maintained a Buy rating on Nevada King Gold Corp yesterday and set a price target of C$0.40. The company’s shares closed last Tuesday at $0.17, close to its 52-week low of $0.14.

According to TipRanks.com, Pirie is a top 25 analyst with an average return of 73.7% and a 70.8% success rate. Pirie covers the Basic Materials sector, focusing on stocks such as Spanish Mountain Gold, Allegiant Gold, and Capitan Silver. ;'>

Currently, the analyst consensus on Nevada King Gold Corp is a Moderate Buy with an average price target of $0.44, representing a 223.8% upside. In a report released yesterday, Desjardins also maintained a Buy rating on the stock with a C$0.80 price target.

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