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Analysts’ Opinions Are Mixed on These Materials Stocks: Gerdau SA (GGB) and Southern Copper (SCCO)

Tipranks - Tipranks - Thu Apr 30, 7:56AM CDT

Companies in the Materials sector have received a lot of coverage today as analysts weigh in on Gerdau SA (GGB) and Southern Copper (SCCO).

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Gerdau SA (GGB)

In a report released today, Caio Greiner from UBS maintained a Buy rating on Gerdau SA, with a price target of $5.25. The company’s shares closed last Tuesday at $4.51.

Greiner has an average return of 28.0% when recommending Gerdau SA. ;'>

According to TipRanks.com, Greiner is ranked #4733 out of 12215 analysts.

The word on The Street in general, suggests a Strong Buy analyst consensus rating for Gerdau SA with a $5.12 average price target.

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Southern Copper (SCCO)

In a report released today, Alfonso Salazar from Scotiabank maintained a Sell rating on Southern Copper, with a price target of $133.00. The company’s shares closed last Tuesday at $170.49.

According to TipRanks.com, Salazar is a 3-star analyst with an average return of 4.2% and a 58.9% success rate. Salazar covers the Basic Materials sector, focusing on stocks such as Ternium SA, FRESNILLO, and Vale SA. ;'>

The word on The Street in general, suggests a Strong Sell analyst consensus rating for Southern Copper with a $153.10 average price target, representing a -12.0% downside. In a report released today, UBS also maintained a Sell rating on the stock with a $140.00 price target.

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