Analysts’ Opinions Are Mixed on These Materials Stocks: Agnico Eagle (NYSE: AEM) and Axalta Coating Systems (NYSE: AXTA)

By Austin Angelo

Analysts have been eager to weigh in on the Materials sector with new ratings on Agnico Eagle (NYSE: AEM) and Axalta Coating Systems (NYSE: AXTA).

Agnico Eagle (NYSE: AEM)

In a report released yesterday, Stephen Walker from RBC Capital reiterated a Hold rating on Agnico Eagle (NYSE: AEM), with a price target of $46. The company’s shares closed yesterday at $46.47.

According to TipRanks.com, Walker is a 5-star analyst with an average return of 7.7% and a 57.9% success rate. Walker covers the Basic Materials sector, focusing on stocks such as Newmont Mining Corporation, Novagold Resources Inc New, and Hecla Mining Company.

Agnico Eagle has an analyst consensus of Moderate Buy, with a price target consensus of $46.

Axalta Coating Systems (NYSE: AXTA)

RBC Capital analyst Arun Viswanathan reiterated a Buy rating on Axalta Coating Systems (NYSE: AXTA) yesterday and set a price target of $35. The company’s shares closed yesterday at $31.51.

According to TipRanks.com, Viswanathan is a 5-star analyst with an average return of 9.3% and a 68.3% success rate. Viswanathan covers the Basic Materials sector, focusing on stocks such as Sherwin-Williams Company, Westlake Chemical Corp, and DOW Chemical Company.

Axalta Coating Systems has an analyst consensus of Strong Buy, with a price target consensus of $33.67.

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