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Analysts Are Bullish on These Materials Stocks: OR Royalties (OR), Equinox Gold (EQX)

Tipranks - Sat Apr 11, 6:34AM CDT

There’s a lot to be optimistic about in the Materials sector as 2 analysts just weighed in on OR Royalties (OR) and Equinox Gold (EQX) with bullish sentiments.

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OR Royalties (OR)

RBC Capital analyst Josh Wolfson maintained a Buy rating on OR Royalties today and set a price target of $56.00. The company’s shares closed last Thursday at $39.65.

According to TipRanks.com, Wolfson is a top 100 analyst with an average return of 23.5% and a 67.9% success rate. Wolfson covers the Basic Materials sector, focusing on stocks such as Wheaton Precious Metals, Novagold Resources New, and Anglogold Ashanti PLC. ;'>

OR Royalties has an analyst consensus of Moderate Buy, with a price target consensus of $51.60, which is a 27.8% upside from current levels. In a report issued on March 26, TipRanks – PerPlexity also upgraded the stock to Buy with a C$55.00 price target.

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Equinox Gold (EQX)

In a report released today, Kevin O’Halloran from BMO Capital reiterated a Buy rating on Equinox Gold, with a price target of $26.00. The company’s shares closed last Thursday at $14.88.

According to TipRanks.com, O’Halloran is a top 25 analyst with an average return of 71.7% and a 87.7% success rate. O’Halloran covers the Basic Materials sector, focusing on stocks such as First Majestic Silver, Torex Gold Resources, and Hecla Mining Company. ;'>

The word on The Street in general, suggests a Strong Buy analyst consensus rating for Equinox Gold with a $21.50 average price target, which is a 38.9% upside from current levels. In a report issued on March 26, TipRanks – PerPlexity also upgraded the stock to Buy with a C$20.00 price target.

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