Analysts Offer Insights on Materials Companies: Goldcorp (NYSE: GG), Albemarle Corp (NYSE: ALB) and Kinross Gold (NYSE: KGC)

By Ryan Adsit

Companies in the Materials sector have received a lot of coverage today as analysts weigh in on Goldcorp (NYSE: GG), Albemarle Corp (NYSE: ALB) and Kinross Gold (NYSE: KGC).

Goldcorp (NYSE: GG)

In a report released yesterday, Stephen Walker from RBC Capital reiterated a Hold rating on Goldcorp (NYSE: GG), with a price target of $16. The company’s shares closed yesterday at $13.50.

According to TipRanks.com, Walker is a 3-star analyst with an average return of 2.1% and a 47.9% success rate. Walker covers the Basic Materials sector, focusing on stocks such as Wheaton Precious Metals Corp, Novagold Resources Inc New, and Newmont Mining Corporation.

Goldcorp has an analyst consensus of Moderate Buy, with a price target consensus of $16.13.

Albemarle Corp (NYSE: ALB)

In a report released yesterday, Arun Viswanathan from RBC Capital reiterated a Buy rating on Albemarle Corp (NYSE: ALB), with a price target of $136. The company’s shares closed yesterday at $111.19, close to its 52-week high of $116.64.

According to TipRanks.com, Viswanathan is a 5-star analyst with an average return of 11.8% and a 73.8% success rate. Viswanathan covers the Basic Materials sector, focusing on stocks such as Sherwin-Williams Company, Westlake Chemical Corp, and Axalta Coating Systems.

Albemarle Corp has an analyst consensus of Strong Buy, with a price target consensus of $124.

Kinross Gold (NYSE: KGC)

RBC Capital analyst Sam Crittenden reiterated a Buy rating on Kinross Gold (NYSE: KGC) yesterday and set a price target of $5.25. The company’s shares closed yesterday at $4.30.

According to TipRanks.com, Crittenden is ranked 0 out of 5 stars with an average return of -19.0% and a 20.7% success rate. Crittenden covers the Basic Materials sector, focusing on stocks such as Stillwater Mining Company, Hecla Mining Company, and Timmins Gold Corp.

Currently, the analyst consensus on Kinross Gold is Moderate Buy and the average price target is $4.77, representing a 10.9% upside.

In a report issued on May 29, BMO Capital also upgraded the stock to Buy with a $5 price target.

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