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Analysts Offer Insights on Materials Companies: GoldMining (GLDG) and Methanex (MEOH)

Tipranks - Tipranks - Sat Jun 13, 7:40AM CDT

There’s a lot to be optimistic about in the Materials sector as 2 analysts just weighed in on GoldMining (GLDG) and Methanex (MEOH) with bullish sentiments.

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GoldMining (GLDG)

Roth MKM analyst Joseph Reagor maintained a Buy rating on GoldMining yesterday and set a price target of $3.50. The company’s shares closed last Thursday at $0.94.

According to TipRanks.com, Reagor is a 5-star analyst with an average return of 25.7% and a 50.5% success rate. Reagor covers the Basic Materials sector, focusing on stocks such as Anglogold Ashanti PLC, Hecla Mining Company, and Avino Silver & Gold. ;'>

GoldMining has an analyst consensus of Moderate Buy, with a price target consensus of $3.63.

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Methanex (MEOH)

In a report released yesterday, Joel Jackson from BMO Capital reiterated a Buy rating on Methanex, with a price target of $75.00. The company’s shares closed last Thursday at $58.95.

According to TipRanks.com, Jackson is a 5-star analyst with an average return of 11.6% and a 59.0% success rate. Jackson covers the Basic Materials sector, focusing on stocks such as Compass Minerals International, Cf Industries Holdings, and Lithium Americas Corp. ;'>

Methanex has an analyst consensus of Moderate Buy, with a price target consensus of $72.38.

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