Analysts Offer Insights on Materials Companies: High Tide (OtherHITID) and GoGold Resources (OtherGLGDF)
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Summary:
There’s a lot to be optimistic about in the Materials sector as 2 analysts just weighed in on High Tide (HITID) and GoGold Resources (GLGDF) with bullish sentiments.
High Tide (HITID)
In a report issued on May 26, Andrew Semple from Echelon Wealth Partners reiterated a Buy rating on High Tide, with a price target of C$20.00. The company’s shares closed last Friday at $8.80, close to its 52-week high of $9.09.
According to TipRanks.com, Semple is a top 100 analyst with an average return of 100.7% and a 74.6% success rate. Semple covers the Basic Materials sector, focusing on stocks such as Fire & Flower Holdings, Green Thumb Industries, and Trulieve Cannabis.
High Tide has an analyst consensus of Moderate Buy, with a price target consensus of $16.97.
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