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Analysts Are Bullish on These Materials Stocks: Caledonia Mining (CMCL), Lithium Argentina (LAR)

Tipranks - Thu Mar 26, 1:50PM CDT

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

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Caledonia Mining (CMCL)

Maxim Group analyst Tate Sullivan maintained a Buy rating on Caledonia Mining yesterday and set a price target of $45.00. The company’s shares closed last Wednesday at $22.88.

According to TipRanks.com, Sullivan is a 4-star analyst with an average return of 3.1% and a 49.5% success rate. Sullivan covers the Industrial Goods sector, focusing on stocks such as United Maritime Corp., Performance Shipping, and Seanergy Maritime. ;'>

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Caledonia Mining with a $45.00 average price target, a 93.1% upside from current levels. In a report released yesterday, TipRanks – PerPlexity also reiterated a Buy rating on the stock with a $25.00 price target.

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Lithium Argentina (LAR)

In a report released today, Macmurray Whale from ATB Cormark Capital Markets maintained a Buy rating on Lithium Argentina, with a price target of $13.65. The company’s shares closed last Wednesday at $7.25.

Whale has an average return of 117.8% when recommending Lithium Argentina. ;'>

According to TipRanks.com, Whale is ranked #2960 out of 12128 analysts.

Currently, the analyst consensus on Lithium Argentina is a Strong Buy with an average price target of $10.31, representing a 42.0% upside. In a report released yesterday, TD Cowen also maintained a Buy rating on the stock with a $9.00 price target.

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