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Analysts Offer Insights on Materials Companies: Methanex (MEOH), Contango ORE (CTGO) and LANXESS (OtherLNXSF)

Tipranks - Sat Mar 21, 8:38AM CDT

Companies in the Materials sector have received a lot of coverage today as analysts weigh in on Methanex (MEOH), Contango ORE (CTGO) and LANXESS (LNXSF).

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Methanex (MEOH)

In a report released today, Laurence Alexander from Jefferies maintained a Buy rating on Methanex, with a price target of $65.00. The company’s shares closed last Thursday at $56.46.

According to TipRanks.com, Alexander is a 2-star analyst with an average return of 0.0% and a 48.0% success rate. Alexander covers the Basic Materials sector, focusing on stocks such as DuPont de Nemours, LyondellBasell, and Lsb Industries. ;'>

The word on The Street in general, suggests a Strong Buy analyst consensus rating for Methanex with a $59.44 average price target, which is a 10.0% upside from current levels. In a report issued on March 6, Scotiabank also maintained a Buy rating on the stock with a $60.00 price target.

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Contango ORE (CTGO)

In a report released today, Tate Sullivan from Maxim Group reiterated a Buy rating on Contango ORE, with a price target of $35.00. The company’s shares closed last Friday at $17.99.

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. ;'>

Currently, the analyst consensus on Contango ORE is a Moderate Buy with an average price target of $40.50.

LANXESS (LNXSF)

Deutsche Bank analyst Tristan Lamotte maintained a Hold rating on LANXESS today and set a price target of EUR17.00. The company’s shares closed last Thursday at $14.25.

Lamotte has an average return of 4.7% when recommending LANXESS. ;'>

According to TipRanks.com, Lamotte is ranked #10448 out of 12128 analysts.

LANXESS has an analyst consensus of Hold, with a price target consensus of $21.11, a 48.1% upside from current levels. In a report issued on March 5, Jefferies also maintained a Hold rating on the stock with a EUR17.00 price target.

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