Analysts Offer Insights on Materials Companies: Barrick Gold (NYSE: GOLD) and First Majestic Silver (NYSE: AG)

Analysts have been eager to weigh in on the Materials sector with new ratings on Barrick Gold (GOLDResearch Report) and First Majestic Silver (AGResearch Report).

Barrick Gold (GOLD)

Barrick Gold received a Buy rating and a C$40.00 price target from National Bank analyst Mike Parkin today. The company’s shares closed last Friday at $23.14.

According to TipRanks.com, Parkin has 0 stars on 0-5 stars ranking scale with an average return of -3.2% and a 33.3% success rate. Parkin covers the Basic Materials sector, focusing on stocks such as Kirkland Lake Gold, Osisko Development, and Sandstorm Gold.

Currently, the analyst consensus on Barrick Gold is a Strong Buy with an average price target of $31.65, representing a 34.2% upside. In a report issued on January 4, RBC Capital also maintained a Buy rating on the stock with a $31.00 price target.

See today’s analyst top recommended stocks >>

First Majestic Silver (AG)

National Bank analyst Don DeMarco maintained a Hold rating on First Majestic Silver today and set a price target of C$20.00. The company’s shares closed last Friday at $11.81.

According to TipRanks.com, DeMarco is a 5-star analyst with an average return of 24.0% and a 64.4% success rate. DeMarco covers the Basic Materials sector, focusing on stocks such as Golden Star Resources, Pan American Silver, and Pretium Resources.

Currently, the analyst consensus on First Majestic Silver is a Moderate Buy with an average price target of $14.40, representing a 16.4% upside. In a report issued on January 11, Scotiabank also maintained a Hold rating on the stock with a C$11.25 price target.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.