Analysts Offer Insights on Materials Companies: McEwen Mining (MUX), Pan American Silver (PAAS) and Fortuna Mining Corp (FSM)
There’s a lot to be optimistic about in the Materials sector as 3 analysts just weighed in on McEwen Mining (MUX – Research Report), Pan American Silver (PAAS – Research Report) and Fortuna Mining Corp (FSM – Research Report) with bullish sentiments.
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McEwen Mining (MUX)
Canaccord Genuity analyst Jeremy Hoy maintained a Buy rating on McEwen Mining today and set a price target of $23.50. The company’s shares closed last Tuesday at $24.49.
According to TipRanks.com, Hoy is a top 100 analyst with an average return of
Currently, the analyst consensus on McEwen Mining is a Strong Buy with an average price target of $22.00.
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Pan American Silver (PAAS)
In a report released today, Ovais Habib from Scotiabank maintained a Buy rating on Pan American Silver, with a price target of $47.00. The company’s shares closed last Tuesday at $58.62.
According to TipRanks.com, Habib is a 5-star analyst with an average return of
Currently, the analyst consensus on Pan American Silver is a Moderate Buy with an average price target of $52.57, implying a -9.7% downside from current levels. In a report issued on January 19, Bank of America Securities also maintained a Buy rating on the stock with a $68.00 price target.
Fortuna Mining Corp (FSM)
In a report released today, Eric Winmill from Scotiabank maintained a Buy rating on Fortuna Mining Corp, with a price target of $11.00. The company’s shares closed last Tuesday at $10.80.
According to TipRanks.com, Winmill is a top 100 analyst with an average return of
Currently, the analyst consensus on Fortuna Mining Corp is a Moderate Buy with an average price target of $10.13, which is a -5.7% downside from current levels. In a report issued on January 16, BMO Capital also maintained a Buy rating on the stock with a C$17.00 price target.
