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Analysts Offer Insights on Materials Companies: West Fraser Timber Co (WFG), Agnico Eagle (AEM) and Eagle Materials (EXP)

Tipranks - Fri Jul 31, 7:18AM CDT

Companies in the Materials sector have received a lot of coverage today as analysts weigh in on West Fraser Timber Co (WFG), Agnico Eagle (AEM) and Eagle Materials (EXP).

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West Fraser Timber Co (WFG)

Scotiabank analyst Ben Isaacson maintained a Buy rating on West Fraser Timber Co today and set a price target of $90.00. The company’s shares closed last Wednesday at $66.53.

According to TipRanks.com, Isaacson is a 4-star analyst with an average return of 5.9% and a 48.9% success rate. Isaacson covers the Basic Materials sector, focusing on stocks such as Sociedad Quimica Y Minera SA, Cf Industries Holdings, and Lithium Argentina. ;'>

Currently, the analyst consensus on West Fraser Timber Co is a Strong Buy with an average price target of $84.44, implying a 26.8% upside from current levels. In a report issued on July 17, RBC Capital also maintained a Buy rating on the stock with a $85.00 price target.

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Agnico Eagle (AEM)

Scotiabank analyst Tanya Jakusconek maintained a Buy rating on Agnico Eagle today and set a price target of $260.00. The company’s shares closed last Wednesday at $144.43.

According to TipRanks.com, Jakusconek is a 5-star analyst with an average return of 17.4% and a 56.9% success rate. Jakusconek covers the Basic Materials sector, focusing on stocks such as Compania de Minas Buenaventura SAA, Wheaton Precious Metals, and Anglogold Ashanti PLC. ;'>

Currently, the analyst consensus on Agnico Eagle is a Moderate Buy with an average price target of $222.77, a 56.0% upside from current levels. In a report issued on July 16, CIBC also maintained a Buy rating on the stock with a $285.00 price target.

Eagle Materials (EXP)

In a report released today, Keith Hughes from Truist Financial maintained a Hold rating on Eagle Materials. The company’s shares closed last Wednesday at $209.91, close to its 52-week low of $205.44.

According to TipRanks.com, Hughes is a 5-star analyst with an average return of 17.2% and a 60.3% success rate. Hughes covers the Industrial Goods sector, focusing on stocks such as Fortune Brands Innovations, SiteOne Landscape Supply, and Construction Partners. ;'>

Eagle Materials has an analyst consensus of Hold, with a price target consensus of $229.00, a 3.4% upside from current levels. In a report released yesterday, RBC Capital also maintained a Hold rating on the stock with a $219.00 price target.

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