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Analysts Offer Insights on Materials Companies: SSR Mining (SSRM) and Elevra Lithium (OtherSYAXF)

Tipranks - Thu Mar 5, 11:02PM CST

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

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SSR Mining (SSRM)

In a report released yesterday, Kevin O’Halloran from BMO Capital upgraded SSR Mining to Buy, with a price target of $41.00. The company’s shares closed last Wednesday at $33.26.

According to TipRanks.com, O’Halloran is a top 25 analyst with an average return of 84.5% and a 94.1% success rate. O’Halloran covers the Basic Materials sector, focusing on stocks such as First Majestic Silver, Torex Gold Resources, and Hecla Mining Company. ;'>

Currently, the analyst consensus on SSR Mining is a Strong Buy with an average price target of $35.09, a 5.7% upside from current levels. In a report issued on February 19, TipRanks – OpenAI also upgraded the stock to Buy with a C$41.00 price target.

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Elevra Lithium (SYAXF)

Canaccord Genuity analyst Reg Spencer maintained a Buy rating on Elevra Lithium today and set a price target of A$14.50. The company’s shares closed last Wednesday at $5.34.

According to TipRanks.com, Spencer is a 5-star analyst with an average return of 24.6% and a 54.9% success rate. Spencer covers the Basic Materials sector, focusing on stocks such as Kingsgate Consolidated Limited, Iluka Resources Limited, and Arafura Resources. ;'>

Currently, the analyst consensus on Elevra Lithium is a Strong Buy with an average price target of $8.57.

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