Analysts Offer Insights on Materials Companies: Ivanhoe Electric Inc. (IE) and Wacker Chemie AG (OtherWKCMF)
There’s a lot to be optimistic about in the Materials sector as 2 analysts just weighed in on Ivanhoe Electric Inc. (IE – Research Report) and Wacker Chemie AG (WKCMF – Research Report) with bullish sentiments.
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Ivanhoe Electric Inc. (IE)
In a report released today, Bill Peterson from J.P. Morgan maintained a Buy rating on Ivanhoe Electric Inc., with a price target of $15.00. The company’s shares closed last Friday at $9.65.
According to TipRanks.com, Peterson is currently ranked with 0 stars on a 0-5 stars ranking scale, with an average return of
Currently, the analyst consensus on Ivanhoe Electric Inc. is a Strong Buy with an average price target of $14.80, implying a 49.8% upside from current levels. In a report issued on June 23, Jefferies also maintained a Buy rating on the stock with a $13.00 price target.
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Wacker Chemie AG (WKCMF)
Kepler Capital analyst Christian Faitz maintained a Buy rating on Wacker Chemie AG on June 27 and set a price target of EUR104.00. The company’s shares closed last Wednesday at $72.25, close to its 52-week low of $63.50.
According to TipRanks.com, Faitz is ranked #944 out of 9653 analysts.
Currently, the analyst consensus on Wacker Chemie AG is a Moderate Buy with an average price target of $96.65, a 33.8% upside from current levels. In a report issued on June 26, Warburg Research also maintained a Buy rating on the stock with a EUR129.00 price target.
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