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Analysts Conflicted on These Materials Names: G Mining Ventures (OtherGMINF), Methanex (MEOH) and Simpson Manufacturing Co (SSD)

Tipranks - Thu Jan 22, 8:00AM CST

Analysts have been eager to weigh in on the Materials sector with new ratings on G Mining Ventures (GMINFResearch Report), Methanex (MEOHResearch Report) and Simpson Manufacturing Co (SSDResearch Report).

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G Mining Ventures (GMINF)

Canaccord Genuity analyst Jeremy Hoy maintained a Buy rating on G Mining Ventures today and set a price target of C$43.00. The company’s shares closed last Tuesday at $34.54.

According to TipRanks.com, Hoy is a top 100 analyst with an average return of 69.5% and a 90.1% success rate. Hoy covers the Basic Materials sector, focusing on stocks such as Torex Gold Resources, McEwen Mining, and Centerra Gold. ;'>

Currently, the analyst consensus on G Mining Ventures is a Strong Buy with an average price target of $32.81, implying an 11.3% upside from current levels. In a report issued on January 13, TipRanks – Google also initiated coverage with a Buy rating on the stock with a C$47.00 price target.

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Methanex (MEOH)

In a report released today, Ben Isaacson from Scotiabank maintained a Buy rating on Methanex, with a price target of $60.00. The company’s shares closed last Tuesday at $45.47.

According to TipRanks.com, Isaacson is a 4-star analyst with an average return of 7.0% and a 48.5% success rate. Isaacson covers the Basic Materials sector, focusing on stocks such as Sociedad Quimica Y Minera SA, Cf Industries Holdings, and Lithium Americas Corp. ;'>

Currently, the analyst consensus on Methanex is a Strong Buy with an average price target of $51.00, which is a 12.3% upside from current levels. In a report issued on January 12, UBS also maintained a Buy rating on the stock with a $53.00 price target.

Simpson Manufacturing Co (SSD)

In a report released today, Kurt Yinger from D.A. Davidson maintained a Hold rating on Simpson Manufacturing Co, with a price target of $190.00. The company’s shares closed last Tuesday at $183.75.

According to TipRanks.com, Yinger is a 5-star analyst with an average return of 15.9% and a 64.5% success rate. Yinger covers the Industrial Goods sector, focusing on stocks such as Builders Firstsource, Louisiana-Pacific, and Bluelinx Holdings. ;'>

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Simpson Manufacturing Co with a $196.33 average price target, a 6.2% upside from current levels. In a report issued on January 17, TipRanks – Anthropic also downgraded the stock to Hold with a $205.00 price target.

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