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Wall Street Analysts Are Bullish on Top Materials Picks

Tipranks - Tipranks - Wed Jul 1, 11:50AM CDT

There’s a lot to be optimistic about in the Materials sector as 2 analysts just weighed in on First Quantum Minerals (FQVLF) and Hudbay Minerals (HBM) with bullish sentiments.

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First Quantum Minerals (FQVLF)

UBS analyst Myles Allsop maintained a Buy rating on First Quantum Minerals today and set a price target of C$55.00. The company’s shares closed last Tuesday at $27.14.

Allsop has an average return of 2.4% when recommending First Quantum Minerals. ;'>

According to TipRanks.com, Allsop is ranked #491 out of 12339 analysts.

First Quantum Minerals has an analyst consensus of Strong Buy, with a price target consensus of $33.11, implying a 26.2% upside from current levels. In a report issued on June 15, Scotiabank also maintained a Buy rating on the stock with a C$55.00 price target.

See Insiders’ Hot Stocks on TipRanks >>

Hudbay Minerals (HBM)

UBS analyst Joseph Parkhill maintained a Buy rating on Hudbay Minerals today and set a price target of C$43.00. The company’s shares closed last Tuesday at $23.76.

According to TipRanks.com, Parkhill is ranked #3338 out of 12339 analysts.

Currently, the analyst consensus on Hudbay Minerals is a Strong Buy with an average price target of $30.22, a 25.9% upside from current levels. In a report issued on June 15, TipRanks – Anthropic also upgraded the stock to Buy with a C$44.00 price target.

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