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Analysts Offer Insights on Materials Companies: West Fraser Timber Co (WFG), Olin (OLN) and Blue Moon Metals (BMM)

Tipranks - Fri Feb 13, 7:14AM CST

There’s a lot to be optimistic about in the Materials sector as 3 analysts just weighed in on West Fraser Timber Co (WFGResearch Report), Olin (OLNResearch Report) and Blue Moon Metals (BMMResearch Report) with bullish sentiments.

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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 Wednesday at $74.70, close to its 52-week low of $73.91.

According to TipRanks.com, Isaacson is a 4-star analyst with an average return of 6.4% and a 49.2% success rate. Isaacson covers the Basic Materials sector, focusing on stocks such as Sociedad Quimica Y Minera SA, Lithium Americas Corp., and Cf Industries Holdings. ;'>

West Fraser Timber Co has an analyst consensus of Strong Buy, with a price target consensus of $77.86.

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Olin (OLN)

Alembic Global analyst Hassan Ahmed maintained a Buy rating on Olin today and set a price target of $33.00. The company’s shares closed last Wednesday at $26.32, close to its 52-week low of $22.98.

According to TipRanks.com, Ahmed is a 4-star analyst with an average return of 3.8% and a 46.2% success rate. Ahmed covers the Basic Materials sector, focusing on stocks such as Air Products and Chemicals, Westlake Corporation, and Chemours Company. ;'>

Olin has an analyst consensus of Hold, with a price target consensus of $23.00, representing a -12.2% downside. In a report issued on February 2, KeyBanc also maintained a Buy rating on the stock with a $26.00 price target.

Blue Moon Metals (BMM)

Scotiabank analyst Eric Winmill maintained a Buy rating on Blue Moon Metals today and set a price target of C$7.50. The company’s shares closed last Wednesday at $3.86.

According to TipRanks.com, Winmill is a top 100 analyst with an average return of 57.1% and a 76.1% success rate. Winmill covers the Basic Materials sector, focusing on stocks such as Metalla Royalty & Streaming, Hecla Mining Company, and Torex Gold Resources. ;'>

Currently, the analyst consensus on Blue Moon Metals is a Moderate Buy with an average price target of $5.53.

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