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Analysts’ Top Materials Picks: Sensient Technologies (SXT), Gold Royalty (GROY)

Tipranks - Tue Jun 23, 5:38AM CDT

There’s a lot to be optimistic about in the Materials sector as 2 analysts just weighed in on Sensient Technologies (SXT) and Gold Royalty (GROY) with bullish sentiments.

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Sensient Technologies (SXT)

UBS analyst Joshua Spector maintained a Buy rating on Sensient Technologies today and set a price target of $143.00. The company’s shares closed last Thursday at $113.48.

According to TipRanks.com, Spector is a 4-star analyst with an average return of 4.8% and a 54.2% success rate. Spector covers the Basic Materials sector, focusing on stocks such as International Flavors & Fragrances, Air Products and Chemicals, and Sherwin-Williams Company. ;'>

Currently, the analyst consensus on Sensient Technologies is a Moderate Buy with an average price target of $143.00, a 26.5% upside from current levels. In a report issued on June 17, TipRanks – PerPlexity also reiterated a Buy rating on the stock with a $128.00 price target.

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Gold Royalty (GROY)

In a report issued on June 18, Heiko Ihle from H.C. Wainwright reiterated a Buy rating on Gold Royalty, with a price target of $7.75. The company’s shares closed last Thursday at $2.87.

According to TipRanks.com, Ihle is a top 100 analyst with an average return of 50.5% and a 60.8% success rate. Ihle covers the Basic Materials sector, focusing on stocks such as Tanzanian Royalty Exploration, TMC the metals company Inc., and 5E Advanced Materials, Inc. ;'>

The word on The Street in general, suggests a Strong Buy analyst consensus rating for Gold Royalty with a $6.19 average price target, representing an 112.0% upside. In a report issued on June 4, TipRanks – PerPlexity also upgraded the stock to Buy with a $3.50 price target.

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