This section contains press releases and other materials from third parties (including paid content). The Globe and Mail has not reviewed this content. Please see disclaimer.

Analysts Offer Insights on Materials Companies: LyondellBasell (LYB), Balchem (BCPC) and Agnico Eagle (AEM)

Tipranks - Tue May 5, 7:24AM CDT

Analysts have been eager to weigh in on the Materials sector with new ratings on LyondellBasell (LYB), Balchem (BCPC) and Agnico Eagle (AEM).

Claim 55% Off TipRanks

LyondellBasell (LYB)

In a report released today, John Roberts CFA from Mizuho Securities maintained a Hold rating on LyondellBasell, with a price target of $76.00. The company’s shares closed last Friday at $74.99, close to its 52-week low of $69.74.

According to TipRanks.com, CFA is a 5-star analyst with an average return of 8.5% and a 56.9% success rate. CFA covers the Basic Materials sector, focusing on stocks such as International Flavors & Fragrances, Air Products and Chemicals, and Sherwin-Williams Company. ;'>

Currently, the analyst consensus on LyondellBasell is a Moderate Buy with an average price target of $78.86, implying a 6.1% upside from current levels. In a report released today, J.P. Morgan also maintained a Hold rating on the stock with a $75.00 price target.

See the top stocks recommended by analysts >>

Balchem (BCPC)

Sidoti analyst Daniel Harriman maintained a Buy rating on Balchem today and set a price target of $234.00. The company’s shares closed last Friday at $161.52.

According to TipRanks.com, Harriman is ranked #9658 out of 12226 analysts.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Balchem with a $212.00 average price target, representing a 30.5% upside. In a report issued on April 30, TipRanks – xAI also reiterated a Buy rating on the stock with a $193.00 price target.

Agnico Eagle (AEM)

In a report released today, Richard Gray from ATB Cormark Capital Markets upgraded Agnico Eagle to Buy, with a price target of C$330.00. The company’s shares closed last Friday at $183.56.

According to TipRanks.com, Gray is a 4-star analyst with an average return of 16.5% and a 51.8% success rate. Gray covers the Basic Materials sector, focusing on stocks such as Torex Gold Resources, Barrick Mining, and Centerra Gold. ;'>

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Agnico Eagle with a $270.11 average price target, representing a 45.0% upside. In a report issued on April 22, BMO Capital also maintained a Buy rating on the stock with a C$370.00 price target.

Read More on LYB:

Disclaimer & DisclosureReport an Issue

This article contains syndicated content. We have not reviewed, approved, or endorsed the content, and may receive compensation for placement of the content on this site. For more information please view the Barchart Disclosure Policy here.