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Analysts Offer Insights on Materials Companies: SSR Mining (SSRM) and Sigma Lithium (SGML)

Tipranks - Wed May 20, 6:04PM CDT

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

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SSR Mining (SSRM)

In a report released today, Kevin O’Halloran from BMO Capital reiterated a Buy rating on SSR Mining, with a price target of $41.00. The company’s shares closed last Tuesday at $29.61.

According to TipRanks.com, O’Halloran is a top 25 analyst with an average return of 65.9% and a 83.6% success rate. O’Halloran covers the Basic Materials sector, focusing on stocks such as First Majestic Silver, Torex Gold Resources, and Hecla Mining Company. ;'>

SSR Mining has an analyst consensus of Strong Buy, with a price target consensus of $42.72, representing a 42.7% upside. In a report issued on May 6, Bank of America Securities also maintained a Buy rating on the stock with a $41.00 price target.

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Sigma Lithium (SGML)

Canaccord Genuity analyst Katie Lachapelle maintained a Buy rating on Sigma Lithium today and set a price target of C$33.00. The company’s shares closed last Tuesday at $14.95.

According to TipRanks.com, Lachapelle is a 5-star analyst with an average return of 31.7% and a 56.8% success rate. Lachapelle covers the Basic Materials sector, focusing on stocks such as Lithium Americas Corp., Aclara Resources, Inc., and Lithium Argentina. ;'>

The word on The Street in general, suggests a Strong Buy analyst consensus rating for Sigma Lithium with a $20.33 average price target, a 39.5% upside from current levels. In a report issued on May 15, BMO Capital also reiterated a Buy rating on the stock with a $20.00 price target.

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