Analysts from Scotiabank have recently shared their views on two materials companies, Fortuna Mining Corp (FSM) and Southern Copper (SCCO), sparking mixed sentiments in the market.
Eric Winmill, a 5-star analyst at Scotiabank, maintained a Buy rating on Fortuna Mining Corp, setting a price target of $14.50. The stock closed last Tuesday at $10.39, suggesting a potential 39.2% upside from current levels. Winmill is known for his strong track record, with an average return of 42.0% and a 62.7% success rate. The analyst consensus for Fortuna Mining Corp is a Moderate Buy, with an average price target of $14.50.
In contrast, Alfonso Salazar from Scotiabank maintained a Sell rating on Southern Copper, with a price target of $150.00. The company’s shares closed last Tuesday at $202.34, indicating a potential -6.1% downside. Salazar, a 3-star analyst, has an average return of 2.7% and a 52.5% success rate. The analyst consensus for Southern Copper is a Moderate Sell, with a price target consensus of $185.39.
Additional reports from TipRanks and Morgan Stanley also weighed in on these stocks. TipRanks reiterated a Buy rating on Fortuna Mining Corp with a C$16.50 price target, while Morgan Stanley maintained a Sell rating on Southern Copper with a $170.00 price target.