Analysts Have Conflicting Sentiments on These Materials Companies: Enbridge (NYSE: ENB), Gran Tierra Energy (NYSE MKT: GTE) and B2Gold (NYSE MKT: BTG)

By Carrie Williams

Analysts have been eager to weigh in on the Materials sector with new ratings on Enbridge (ENBResearch Report), Gran Tierra Energy (GTEResearch Report) and B2Gold (BTGResearch Report).

Enbridge (ENB)

CIBC analyst Robert Catellier reiterated a Buy rating on Enbridge yesterday and set a price target of C$56.00. The company’s shares closed last Monday at $38.71, close to its 52-week high of $39.25.

According to TipRanks.com, Catellier is a 4-star analyst with an average return of 8.2% and a 73.0% success rate. Catellier covers the Basic Materials sector, focusing on stocks such as Pembina Pipeline, Inter Pipeline, and Gibson Energy.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Enbridge with a $43.68 average price target, a 12.5% upside from current levels. In a report issued on December 4, Argus Research also initiated coverage with a Buy rating on the stock with a $44.00 price target.

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Gran Tierra Energy (GTE)

CIBC analyst David Popowich reiterated a Hold rating on Gran Tierra Energy yesterday and set a price target of C$2.50. The company’s shares closed last Monday at $1.10, close to its 52-week low of $0.92.

Popowich has an average return of 1.0% when recommending Gran Tierra Energy.

According to TipRanks.com, Popowich is ranked #5259 out of 5734 analysts.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Gran Tierra Energy with a $1.97 average price target.

B2Gold (BTG)

CIBC analyst Bryce Adams maintained a Buy rating on B2Gold yesterday and set a price target of $4.50. The company’s shares closed last Monday at $3.70.

According to TipRanks.com, Adams is a 3-star analyst with an average return of 9.8% and a 56.3% success rate. Adams covers the Basic Materials sector, focusing on stocks such as Osisko Gold Royalties, Torex Gold Resources, and Largo Resources.

Currently, the analyst consensus on B2Gold is a Strong Buy with an average price target of $4.83, implying a 31.6% upside from current levels. In a report issued on December 4, RBC Capital also initiated coverage with a Buy rating on the stock with a $4.50 price target.

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