Analysts Offer Insights on Materials Companies: Yamana Gold (NYSE: AUY) and EQT Corporation (NYSE: EQT)

By Carrie Williams

Analysts have been eager to weigh in on the Materials sector with new ratings on Yamana Gold (NYSE: AUY) and EQT Corporation (NYSE: EQT).

Yamana Gold (NYSE: AUY)

BMO Capital analyst Andrew Kaip reiterated a Hold rating on Yamana Gold (NYSE: AUY) yesterday and set a price target of $3.25. The company’s shares closed yesterday at $2.37, close to its 52-week low of $2.33.

According to TipRanks.com, Kaip is ranked 0 out of 5 stars with an average return of -3.6% and a 29.8% success rate. Kaip covers the Basic Materials sector, focusing on stocks such as Wheaton Precious Metals Corp, Newmont Mining Corporation, and Endeavour Silver Corp.

Yamana Gold has an analyst consensus of Moderate Buy, with a price target consensus of $3.33.

EQT Corporation (NYSE: EQT)

In a report released yesterday, Phillip Jungwirth from BMO Capital upgraded EQT Corporation (NYSE: EQT) to Buy, with a price target of $70. The company’s shares closed yesterday at $53.51, close to its 52-week low of $52.67.

According to TipRanks.com, Jungwirth is ranked 0 out of 5 stars with an average return of -2.8% and a 32.5% success rate. Jungwirth covers the Basic Materials sector, focusing on stocks such as Wildhorse Resource Development Corp, Sanchez Energy Corporation, and Rice Midstream Partners.

EQT Corporation has an analyst consensus of Moderate Buy, with a price target consensus of $76.40.

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