Analysts Offer Insights on Materials Companies: Barrick Gold (NYSE: ABX) and DOW Chemical Company (NYSE: DOW)

By Ryan Adsit

There’s a lot to be optimistic about in the Materials sector as 2 analysts just weighed in on Barrick Gold (NYSE: ABX) and DOW Chemical Company (NYSE: DOW) with bullish sentiments.

Barrick Gold (NYSE: ABX)

In a report released today, Chris LaFemina from Jefferies reiterated a Buy rating on Barrick Gold (NYSE: ABX), with a price target of $24. The company’s shares closed yesterday at $16.51.

According to TipRanks.com, LaFemina is ranked 0 out of 5 stars with an average return of -6.4% and a 41.3% success rate. LaFemina covers the Basic Materials sector, focusing on stocks such as Newmont Mining Corporation, Randgold Resources Limited, and Anglogold Ashanti Ltd.

Barrick Gold has an analyst consensus of Moderate Buy, with a price target consensus of $22.03.

DOW Chemical Company (NYSE: DOW)

In a report released yesterday, Laurence Alexander from Jefferies reiterated a Buy rating on DOW Chemical Company (NYSE: DOW), with a price target of $75. The company’s shares closed yesterday at $60.58.

According to TipRanks.com, Alexander is a top 100 analyst with an average return of 11.2% and a 66.3% success rate. Alexander covers the Basic Materials sector, focusing on stocks such as Air Products and Chemicals, Commercial Metals Company, and GCP Applied Technologies.

DOW Chemical Company has an analyst consensus of Strong Buy, with a price target consensus of $73.80.

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.