There’s a lot to be optimistic about in the Materials sector as 2 analysts just weighed in on Contango ORE (CTGO – Research Report) and Idaho Strategic Resources (IDR – Research Report) with bullish sentiments.

Contango ORE (CTGO)

Maxim Group analyst Tate Sullivan reiterated a Buy rating on Contango ORE yesterday and set a price target of $30.00. The company’s shares closed last Friday at $14.76.

According to TipRanks.com, Sullivan ‘s ranking currently consits of 0 on a 0-5 ranking scale, with an average return of -11.6% and a 37.1% success rate. Sullivan covers the Industrial Goods sector, focusing on stocks such as United Maritime Corp., Performance Shipping, and Seanergy Maritime.

Currently, the analyst consensus on Contango ORE is a Moderate Buy with an average price target of $26.00.

Idaho Strategic Resources (IDR)

In a report released yesterday, Mike Niehuser from Roth MKM maintained a Buy rating on Idaho Strategic Resources, with a price target of $17.50. The company’s shares closed last Friday at $12.60.

According to TipRanks.com, Niehuser is a 3-star analyst with an average return of 2.4% and a 41.8% success rate. Niehuser covers the Basic Materials sector, focusing on stocks such as Tanzanian Royalty Exploration, Perpetua Resources, and Collective Mining.

Currently, the analyst consensus on Idaho Strategic Resources is a Moderate Buy with an average price target of $17.50.

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