This section contains press releases and other materials from third parties (including paid content). The Globe and Mail has not reviewed this content. Please see disclaimer.

Analysts Offer Insights on Materials Companies: Materion (MTRN) and Sigma Lithium (SGML)

Tipranks - Wed May 20, 3:56AM CDT

There’s a lot to be optimistic about in the Materials sector as 2 analysts just weighed in on Materion (MTRN) and Sigma Lithium (SGML) with bullish sentiments.

Claim 55% Off TipRanks

Materion (MTRN)

KeyBanc analyst Samuel McKinney maintained a Buy rating on Materion today and set a price target of $223.00. The company’s shares closed last Monday at $202.29.

According to TipRanks.com, McKinney is a 3-star analyst with an average return of 11.2% and a 78.6% success rate. McKinney covers the Basic Materials sector, focusing on stocks such as Worthington Steel, Inc., Cleveland-Cliffs, and Kaiser Aluminum. ;'>

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Materion with a $185.00 average price target, implying a -10.3% downside from current levels. In a report issued on May 8, TipRanks – xAI also upgraded the stock to Buy with a $217.00 price target.

See Insiders’ Hot Stocks on TipRanks >>

Sigma Lithium (SGML)

BMO Capital analyst Joel Jackson reiterated a Buy rating on Sigma Lithium on May 15 and set a price target of $20.00. The company’s shares closed last Monday at $14.76.

According to TipRanks.com, Jackson is a 5-star analyst with an average return of 13.4% and a 60.6% success rate. Jackson covers the Basic Materials sector, focusing on stocks such as Compass Minerals International, Sociedad Quimica Y Minera SA, and Cf Industries Holdings. ;'>

Currently, the analyst consensus on Sigma Lithium is a Moderate Buy with an average price target of $18.50.

Read More on MTRN:

Disclaimer & DisclosureReport an Issue

This article contains syndicated content. We have not reviewed, approved, or endorsed the content, and may receive compensation for placement of the content on this site. For more information please view the Barchart Disclosure Policy here.