There’s a lot to be optimistic about in the Materials sector as 3 analysts just weighed in on Base Resources (GB:BSE – Research Report), Hochschild Mining (GB:HOC – Research Report) and Stanmore Resources Ltd (AU:SMR – Research Report) with bullish sentiments.
Base Resources (GB:BSE)
Berenberg Bank analyst Richard Hatch maintained a Buy rating on Base Resources on April 23 and set a price target of p15.00. The company’s shares closed yesterday at p12.00.
According to TipRanks.com, Hatch is a 4-star analyst with an average return of
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Base Resources with a p25.00 average price target.
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Hochschild Mining (GB:HOC)
Canaccord Genuity analyst Tim Huff reiterated a Buy rating on Hochschild Mining yesterday and set a price target of p160.00. The company’s shares closed last Thursday at p156.80.
Huff has an average return of
According to TipRanks.com, Huff is ranked #2063 out of 8795 analysts.
The word on The Street in general, suggests a Strong Buy analyst consensus rating for Hochschild Mining with a p170.83 average price target, which is an 8.7% upside from current levels. In a report issued on April 16, Barclays also maintained a Buy rating on the stock with a £1.70 price target.
Stanmore Resources Ltd (AU:SMR)
In a report released yesterday, Tom Sartor from Morgans maintained a Buy rating on Stanmore Resources Ltd, with a price target of A$4.00. The company’s shares closed last Wednesday at A$3.29.
Sartor has an average return of
According to TipRanks.com, Sartor is ranked #557 out of 8795 analysts.
Stanmore Resources Ltd has an analyst consensus of Strong Buy, with a price target consensus of A$4.40, which is a 37.5% upside from current levels. In a report issued on April 9, Petra Capital also maintained a Buy rating on the stock with a A$5.30 price target.
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Read More on GB:BSE:
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- Base Resources Merger Offers Shareholder Premium
- Energy Fuels Announces Agreement for Transformational Acquisition of Base Resources, Creating a Global Leader in Critical Minerals Production with a Focus on Uranium, Rare Earth Elements and Heavy Mineral Sands
