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Analysts Offer Insights on Materials Companies: First Quantum Minerals (OtherFQVLF), Lundin Mining (OtherLUNMF) and Hudbay Minerals (HBM)

Tipranks - Tipranks - Tue Mar 31, 3:44PM CDT

Analysts have been eager to weigh in on the Materials sector with new ratings on First Quantum Minerals (FQVLF), Lundin Mining (LUNMF) and Hudbay Minerals (HBM).

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First Quantum Minerals (FQVLF)

In a report issued on March 27, Myles Allsop from UBS maintained a Buy rating on First Quantum Minerals, with a price target of C$45.00. The company’s shares closed last Monday at $22.32.

According to TipRanks.com, Allsop is ranked #355 out of 12128 analysts.

First Quantum Minerals has an analyst consensus of Moderate Buy, with a price target consensus of $30.79, a 28.3% upside from current levels. In a report issued on March 12, RBC Capital also maintained a Buy rating on the stock with a C$45.00 price target.

See the top stocks recommended by analysts >>

Lundin Mining (LUNMF)

UBS analyst Daniel Major maintained a Hold rating on Lundin Mining on March 27 and set a price target of C$35.00. The company’s shares closed last Monday at $22.44.

According to TipRanks.com, Major is a 5-star analyst with an average return of 25.4% and a 69.2% success rate. Major covers the Basic Materials sector, focusing on stocks such as Wheaton Precious Metals, Freeport-McMoRan, and Newmont Mining. ;'>

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Lundin Mining with a $26.93 average price target, implying a 21.2% upside from current levels. In a report issued on March 21, TipRanks – xAI also downgraded the stock to Hold with a C$32.00 price target.

Hudbay Minerals (HBM)

UBS analyst Joseph Parkhill maintained a Buy rating on Hudbay Minerals on March 27 and set a price target of C$38.00. The company’s shares closed last Monday at $19.05.

According to TipRanks.com, Parkhill is a 3-star analyst with an average return of 9.3% and a 57.1% success rate. Parkhill covers the Financial sector, focusing on stocks such as Canadian Bank of Commerce, National Bank of Canada, and Toronto Dominion Bank. ;'>

The word on The Street in general, suggests a Strong Buy analyst consensus rating for Hudbay Minerals with a $28.80 average price target, representing a 44.0% upside. In a report issued on March 12, TipRanks – Anthropic also upgraded the stock to Buy with a C$34.00 price target.

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