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Analysts Have Conflicting Sentiments on These Materials Companies: First Quantum Minerals (OtherFQVLF) and Grupo Mexico (OtherGMBXF)

Tipranks - Fri Apr 10, 2:44AM CDT

Companies in the Materials sector have received a lot of coverage today as analysts weigh in on First Quantum Minerals (FQVLF) and Grupo Mexico (GMBXF).

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First Quantum Minerals (FQVLF)

RBC Capital analyst Sam Crittenden maintained a Buy rating on First Quantum Minerals on April 7 and set a price target of C$45.00. The company’s shares closed last Wednesday at $27.16.

According to TipRanks.com, Crittenden is a 5-star analyst with an average return of 25.7% and a 62.2% success rate. Crittenden covers the Basic Materials sector, focusing on stocks such as Nexa Resources SA, Solaris Resources, and Freeport-McMoRan. ;'>

First Quantum Minerals has an analyst consensus of Moderate Buy, with a price target consensus of $30.78, implying a 15.5% upside from current levels. In a report issued on March 27, UBS also maintained a Buy rating on the stock with a C$45.00 price target.

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Grupo Mexico (GMBXF)

In a report released today, Carlos De Alba from Morgan Stanley maintained a Hold rating on Grupo Mexico, with a price target of peso214.00. The company’s shares closed last Wednesday at $11.73.

According to TipRanks.com, Alba is a 5-star analyst with an average return of 17.0% and a 58.0% success rate. Alba covers the Basic Materials sector, focusing on stocks such as Compania de Minas Buenaventura SAA, Novagold Resources New, and Nexa Resources SA. ;'>

The word on The Street in general, suggests a Hold analyst consensus rating for Grupo Mexico with a $12.27 average price target.

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