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Analysts Offer Insights on Materials Companies: Coeur Mining (CDE) and Lithium Argentina (LAR)

Tipranks - Wed Mar 25, 7:20AM CDT

There’s a lot to be optimistic about in the Materials sector as 2 analysts just weighed in on Coeur Mining (CDE) and Lithium Argentina (LAR) with bullish sentiments.

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Coeur Mining (CDE)

Coeur Mining received a Buy rating and a $25.00 price target from ATB Cormark Capital Markets analyst Richard Gray today. The company’s shares closed last Monday at $17.89.

According to TipRanks.com, Gray is a 4-star analyst with an average return of 18.4% and a 51.3% success rate. Gray covers the Basic Materials sector, focusing on stocks such as Torex Gold Resources, Barrick Mining, and Centerra Gold. ;'>

Currently, the analyst consensus on Coeur Mining is a Strong Buy with an average price target of $27.21, representing a 56.5% upside. In a report issued on March 9, CIBC also initiated coverage with a Buy rating on the stock with a $40.00 price target.

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Lithium Argentina (LAR)

Canaccord Genuity analyst Katie Lachapelle maintained a Buy rating on Lithium Argentina today and set a price target of C$17.75. The company’s shares closed last Monday at $6.27.

According to TipRanks.com, Lachapelle is a 5-star analyst with an average return of 32.2% and a 56.0% success rate. Lachapelle covers the Basic Materials sector, focusing on stocks such as Lithium Americas Corp., Aclara Resources, Inc., and Sigma Lithium. ;'>

The word on The Street in general, suggests a Strong Buy analyst consensus rating for Lithium Argentina with a $9.62 average price target, implying a 59.0% upside from current levels. In a report issued on March 13, Stifel Nicolaus also maintained a Buy rating on the stock with a $9.50 price target.

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