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Wall Street Analysts Are Bullish on Top Materials Picks

Tipranks - Fri Oct 2, 1:17PM CDT

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

Cabral Gold (CBGZF)

In a report released today, Ryan Walker from Stifel Nicolaus maintained a Buy rating on Cabral Gold, with a price target of C$1.70. The company’s shares closed last Thursday at $1.11.

Walker has an average return of 5.0% when recommending Cabral Gold. ;'>

According to TipRanks.com, Walker is ranked #12140 out of 12506 analysts.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Cabral Gold with a $1.19 average price target.

See the top stocks recommended by analysts >>

SSR Mining (SSRM)

In a report released today, Richard Gray from ATB Cormark Capital Markets maintained a Buy rating on SSR Mining, with a price target of C$64.00. The company’s shares closed last Thursday at $33.47.

According to TipRanks.com, Gray is a 4-star analyst with an average return of 16.4% and a 54.2% success rate. Gray covers the Basic Materials sector, focusing on stocks such as First Majestic Silver, Torex Gold Resources, and Barrick Mining. ;'>

The word on The Street in general, suggests a Strong Buy analyst consensus rating for SSR Mining with a $42.58 average price target, a 27.9% upside from current levels. In a report issued on September 17, TipRanks – PerPlexity also reiterated a Buy rating on the stock with a $41.00 price target.

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