Wall Street Analysts Are Bullish on Top Materials Picks

There’s a lot to be optimistic about in the Materials sector as 2 analysts just weighed in on Avino Silver & Gold (ASMResearch Report) and Tilray (TLRYResearch Report) with bullish sentiments.

Avino Silver & Gold (ASM)

H.C. Wainwright analyst Heiko Ihle reiterated a Buy rating on Avino Silver & Gold today and set a price target of $1.50. The company’s shares closed last Tuesday at $1.06, close to its 52-week low of $0.86.

According to TipRanks.com, Ihle is a top 100 analyst with an average return of 37.5% and a 58.1% success rate. Ihle covers the Basic Materials sector, focusing on stocks such as Solitario Exploration & Royalty, Northern Dynasty Minerals, and First Majestic Silver.

The word on The Street in general, suggests a Strong Buy analyst consensus rating for Avino Silver & Gold with a $1.70 average price target.

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Tilray (TLRY)

In a report released yesterday, Owen Bennett from Jefferies maintained a Buy rating on Tilray, with a price target of $27.00. The company’s shares closed last Tuesday at $14.25, close to its 52-week low of $4.41.

According to TipRanks.com, Bennett has currently 0 stars on a ranking scale of 0-5 stars, with an average return of -3.6% and a 38.0% success rate. Bennett covers the Basic Materials sector, focusing on stocks such as Green Thumb Industries, Trulieve Cannabis, and Curaleaf Holdings.

Tilray has an analyst consensus of Moderate Buy, with a price target consensus of $19.41, a 33.4% upside from current levels. In a report issued on July 27, Cantor Fitzgerald also maintained a Buy rating on the stock with a $19.00 price target.

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