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Analysts’ Top Materials Picks: Corteva (CTVA), OceanaGold (OGC)

Tipranks - Fri May 8, 7:24AM CDT

There’s a lot to be optimistic about in the Materials sector as 2 analysts just weighed in on Corteva (CTVA) and OceanaGold (OGC) with bullish sentiments.

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Corteva (CTVA)

Oppenheimer analyst Kristen Owen maintained a Buy rating on Corteva today and set a price target of $89.00. The company’s shares closed last Wednesday at $81.77.

According to TipRanks.com, Owen is a 4-star analyst with an average return of 8.0% and a 53.5% success rate. Owen covers the Basic Materials sector, focusing on stocks such as International Flavors & Fragrances, Green Plains, and Nutrien. ;'>

Corteva has an analyst consensus of Moderate Buy, with a price target consensus of $88.83, which is an 8.0% upside from current levels. In a report issued on May 4, TipRanks – PerPlexity also upgraded the stock to Buy with a $91.00 price target.

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OceanaGold (OGC)

In a report released today, Brian Quast from BMO Capital maintained a Buy rating on OceanaGold, with a price target of C$72.50. The company’s shares closed last Wednesday at $31.59.

According to TipRanks.com, Quast is a 5-star analyst with an average return of 24.1% and a 59.4% success rate. Quast covers the Basic Materials sector, focusing on stocks such as Northern Star Resources Ltd, Americas Gold and Silver, and Alkane Resources Ltd. ;'>

Currently, the analyst consensus on OceanaGold is a Strong Buy with an average price target of $51.13, representing a 69.2% upside. In a report issued on April 22, TipRanks – OpenAI also reiterated a Buy rating on the stock with a C$53.00 price target.

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