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Analysts Have Conflicting Sentiments on These Materials Companies: Algoma Steel Group (ASTL) and Wheaton Precious Metals (WPM)

Tipranks - Tipranks - Sat Mar 14, 7:47AM CDT

Companies in the Materials sector have received a lot of coverage today as analysts weigh in on Algoma Steel Group (ASTL – Research Report) and Wheaton Precious Metals (WPM – Research Report).

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Algoma Steel Group (ASTL)

RBC Capital analyst James McGarragle CFA maintained a Hold rating on Algoma Steel Group yesterday and set a price target of C$6.00. The company’s shares closed last Thursday at $3.69.

According to TipRanks.com, CFA is a 5-star analyst with an average return of 24.2% and a 75.2% success rate. CFA covers the Industrial Goods sector, focusing on stocks such as Russel Metals, Bombardier, and Air Canada. ;'>

Currently, the analyst consensus on Algoma Steel Group is a Moderate Buy with an average price target of $5.75.

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Wheaton Precious Metals (WPM)

In a report released today, Tanya Jakusconek from Scotiabank maintained a Buy rating on Wheaton Precious Metals, with a price target of $175.00. The company’s shares closed last Thursday at $145.73.

According to TipRanks.com, Jakusconek is a 5-star analyst with an average return of 25.1% and a 65.7% success rate. Jakusconek covers the Basic Materials sector, focusing on stocks such as Compania de Minas Buenaventura SAA, Anglogold Ashanti PLC, and Newmont Mining. ;'>

Wheaton Precious Metals has an analyst consensus of Strong Buy, with a price target consensus of $178.35, which is a 21.3% upside from current levels. In a report issued on February 26, Bank of America Securities also maintained a Buy rating on the stock with a $188.00 price target.

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