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Analysts Offer Insights on Materials Companies: First Quantum Minerals (OtherFQVLF) and West Fraser Timber Co (WFG)

Tipranks - Tipranks - Tue May 5, 9:32AM CDT

Analysts have been eager to weigh in on the Materials sector with new ratings on First Quantum Minerals (FQVLF) and West Fraser Timber Co (WFG).

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First Quantum Minerals (FQVLF)

In a report issued on April 29, Craig Hutchison from TD Cowen maintained a Hold rating on First Quantum Minerals, with a price target of C$42.00. The company’s shares closed last Monday at $23.49.

According to TipRanks.com, Hutchison is a 5-star analyst with an average return of 29.6% and a 60.2% success rate. Hutchison covers the Basic Materials sector, focusing on stocks such as Lithium Americas Corp., Lithium Argentina, and Trilogy Metals. ;'>

Currently, the analyst consensus on First Quantum Minerals is a Moderate Buy with an average price target of $32.03, a 35.1% upside from current levels. In a report issued on April 24, J.P. Morgan also upgraded the stock to Hold with a C$37.00 price target.

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West Fraser Timber Co (WFG)

In a report released today, Ben Isaacson from Scotiabank maintained a Buy rating on West Fraser Timber Co, with a price target of $90.00. The company’s shares closed last Monday at $61.13.

According to TipRanks.com, Isaacson is a 4-star analyst with an average return of 9.8% and a 49.5% success rate. Isaacson covers the Basic Materials sector, focusing on stocks such as Sociedad Quimica Y Minera SA, Cf Industries Holdings, and Lithium Americas Corp. ;'>

West Fraser Timber Co has an analyst consensus of Moderate Buy, with a price target consensus of $82.43, implying a 33.0% upside from current levels. In a report issued on April 20, BMO Capital also maintained a Buy rating on the stock with a $95.00 price target.

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