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Analysts Are Bullish on Top Materials Stocks: IAMGOLD (IAG), Ecovyst (ECVT)

Tipranks - Thu May 7, 2:52PM CDT

There’s a lot to be optimistic about in the Materials sector as 2 analysts just weighed in on IAMGOLD (IAG) and Ecovyst (ECVT) with bullish sentiments.

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IAMGOLD (IAG)

In a report released today, Sathish Kasinathan from Bank of America Securities maintained a Buy rating on IAMGOLD, with a price target of $22.50. The company’s shares closed last Wednesday at $18.56.

Kasinathan has an average return of 35.1% when recommending IAMGOLD. ;'>

According to TipRanks.com, Kasinathan is ranked #2884 out of 12228 analysts.

Currently, the analyst consensus on IAMGOLD is a Strong Buy with an average price target of $27.29, implying a 53.9% upside from current levels. In a report issued on April 21, TipRanks – OpenAI also upgraded the stock to Buy with a C$30.00 price target.

See today’s best-performing stocks on TipRanks >>

Ecovyst (ECVT)

BWS Financial analyst Hamed Khorsand maintained a Buy rating on Ecovyst today and set a price target of $16.00. The company’s shares closed last Wednesday at $14.63.

According to TipRanks.com, Khorsand is a 5-star analyst with an average return of 18.7% and a 60.8% success rate. Khorsand covers the Technology sector, focusing on stocks such as Ubiquiti Networks, A10 Networks, and Xperi Inc. ;'>

Ecovyst has an analyst consensus of Strong Buy, with a price target consensus of $15.50, which is a 4.9% upside from current levels. In a report released yesterday, TipRanks – DeepSeek also upgraded the stock to Buy with a $16.00 price target.

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