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Analysts Have Conflicting Sentiments on These Materials Companies: Torex Gold Resources (OtherTORXF), Wacker Chemie AG (OtherWKCMF) and Pan American Silver (PAAS)

Tipranks - Wed Jun 3, 6:52AM CDT

Companies in the Materials sector have received a lot of coverage today as analysts weigh in on Torex Gold Resources (TORXF), Wacker Chemie AG (WKCMF) and Pan American Silver (PAAS).

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Torex Gold Resources (TORXF)

In a report released yesterday, Richard Gray from ATB Cormark Capital Markets maintained a Buy rating on Torex Gold Resources, with a price target of C$97.00. The company’s shares closed last Monday at $44.32.

According to TipRanks.com, Gray is a 4-star analyst with an average return of 15.4% and a 51.1% success rate. Gray covers the Basic Materials sector, focusing on stocks such as First Majestic Silver, Barrick Mining, and Eldorado Gold. ;'>

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Torex Gold Resources with a $68.61 average price target, which is a 54.2% upside from current levels. In a report issued on May 17, TipRanks – PerPlexity also reiterated a Buy rating on the stock with a C$72.00 price target.

See today’s best-performing stocks on TipRanks >>

Wacker Chemie AG (WKCMF)

DZ BANK AG analyst Peter Spengler maintained a Hold rating on Wacker Chemie AG today. The company’s shares closed last Friday at $115.00, close to its 52-week high of $122.31.

Spengler has an average return of 4.8% when recommending Wacker Chemie AG. ;'>

According to TipRanks.com, Spengler is ranked #2016 out of 12287 analysts.

Wacker Chemie AG has an analyst consensus of Hold, with a price target consensus of $105.28, a -12.1% downside from current levels. In a report issued on May 26, UBS also downgraded the stock to Hold with a EUR104.00 price target.

Pan American Silver (PAAS)

Bank of America Securities analyst Sathish Kasinathan maintained a Buy rating on Pan American Silver today and set a price target of $77.00. The company’s shares closed last Monday at $55.50.

According to TipRanks.com, Kasinathan is ranked #2111 out of 12287 analysts.

The word on The Street in general, suggests a Strong Buy analyst consensus rating for Pan American Silver with a $69.23 average price target, which is a 24.9% upside from current levels. In a report released today, Scotiabank also maintained a Buy rating on the stock with a $65.00 price target.

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