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Analysts Are Bullish on Top Materials Stocks: Argosy Minerals Limited (ARYMF), Lake Resources N.L. (LLKKF)

There’s a lot to be optimistic about in the Materials sector as 2 analysts just weighed in on Argosy Minerals Limited (ARYMFResearch Report) and Lake Resources N.L. (LLKKFResearch Report) with bullish sentiments.

Argosy Minerals Limited (ARYMF)

In a report issued on May 5, Timothy Hoff from Canaccord Genuity maintained a Buy rating on Argosy Minerals Limited, with a price target of A$0.85. The company’s shares closed last Monday at $0.31.

According to TipRanks.com, Hoff is a 4-star analyst with an average return of 11.5% and a 51.2% success rate. Hoff covers the Basic Materials sector, focusing on stocks such as Panoramic Resources Limited, Sandfire Resources Limited, and Pilbara Minerals Limited.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Argosy Minerals Limited with a $0.57 average price target.

See Insiders’ Hot Stocks on TipRanks >>

Lake Resources N.L. (LLKKF)

Canaccord Genuity analyst Reg Spencer maintained a Buy rating on Lake Resources N.L. on May 5 and set a price target of A$0.95. The company’s shares closed last Monday at $0.36, close to its 52-week low of $0.27.

According to TipRanks.com, Spencer is a 5-star analyst with an average return of 16.3% and a 45.7% success rate. Spencer covers the Basic Materials sector, focusing on stocks such as Lynas Rare Earths Limited, Arafura Resources Limited, and Peak Rare Earths Limited.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Lake Resources N.L. with a $0.64 average price target.

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