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Analysts Offer Insights on Materials Companies: Idaho Strategic Resources (IDR), Hudbay Minerals (HBM) and OceanaGold (OtherOCANF)

Tipranks - Tue Mar 31, 6:56AM CDT

There’s a lot to be optimistic about in the Materials sector as 3 analysts just weighed in on Idaho Strategic Resources (IDR), Hudbay Minerals (HBM) and OceanaGold (OCANF) with bullish sentiments.

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Idaho Strategic Resources (IDR)

Roth MKM analyst Mike Niehuser maintained a Buy rating on Idaho Strategic Resources today and set a price target of $45.00. The company’s shares closed last Friday at $27.38.

According to TipRanks.com, Niehuser is a 5-star analyst with an average return of 53.3% and a 61.5% success rate. Niehuser covers the Basic Materials sector, focusing on stocks such as Tanzanian Royalty Exploration, Solitario Resources, and Bunker Hill Mining. ;'>

Currently, the analyst consensus on Idaho Strategic Resources is a Moderate Buy with an average price target of $45.00.

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Hudbay Minerals (HBM)

In a report issued on March 27, Matt Murphy from BMO Capital maintained a Buy rating on Hudbay Minerals, with a price target of C$33.00. The company’s shares closed last Friday at $19.48.

According to TipRanks.com, Murphy is a top 100 analyst with an average return of 36.1% and a 74.7% success rate. Murphy covers the Basic Materials sector, focusing on stocks such as First Quantum Minerals, Nexa Resources SA, and Barrick Mining. ;'>

Hudbay Minerals has an analyst consensus of Strong Buy, with a price target consensus of $28.99, implying a 54.7% upside from current levels. In a report issued on March 12, TipRanks – Anthropic also upgraded the stock to Buy with a C$34.00 price target.

OceanaGold (OCANF)

BMO Capital analyst Brian Quast maintained a Buy rating on OceanaGold today and set a price target of C$72.50. The company’s shares closed last Friday at $29.47.

According to TipRanks.com, Quast is a 5-star analyst with an average return of 24.9% and a 60.6% success rate. Quast covers the Basic Materials sector, focusing on stocks such as Northern Star Resources Ltd, Alkane Resources Ltd, and Eldorado Gold. ;'>

The word on The Street in general, suggests a Strong Buy analyst consensus rating for OceanaGold with a $47.29 average price target, which is a 65.0% upside from current levels. In a report issued on March 26, TipRanks – Anthropic also upgraded the stock to Buy with a C$46.00 price target.

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