Companies in the Materials sector have received a lot of coverage today as analysts weigh in on Newmont Mining (NEM – Research Report), Equinox Gold (EQX – Research Report) and Fortescue Metals Group Ltd (FSUMF – Research Report).
Newmont Mining (NEM)
In a report issued on September 19, Josh Wolfson from RBC Capital maintained a Hold rating on Newmont Mining, with a price target of $60.00. The company’s shares closed last Wednesday at $42.40, close to its 52-week low of $40.27.
According to TipRanks.com, Wolfson is a 1-star analyst with an average return of
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Newmont Mining with a $60.00 average price target, which is a 39.2% upside from current levels. In a report issued on September 16, Barclays also maintained a Hold rating on the stock with a $57.00 price target.
See the top stocks recommended by analysts >>
Equinox Gold (EQX)
RBC Capital analyst Wayne Lam maintained a Hold rating on Equinox Gold on September 19 and set a price target of C$8.00. The company’s shares closed last Wednesday at $3.45, close to its 52-week low of $3.18.
According to TipRanks.com, Lam ‘s ranking currently consits of 0 on a 0-5 ranking scale, with an average return of
Currently, the analyst consensus on Equinox Gold is a Moderate Buy with an average price target of $6.21.
Fortescue Metals Group Ltd (FSUMF)
RBC Capital analyst Kaan Peker maintained a Sell rating on Fortescue Metals Group Ltd on September 20 and set a price target of A$17.00. The company’s shares closed last Wednesday at $11.20, close to its 52-week low of $10.25.
According to TipRanks.com, Peker is a 4-star analyst with an average return of
The word on The Street in general, suggests a Moderate Sell analyst consensus rating for Fortescue Metals Group Ltd with a $11.02 average price target, representing a -3.4% downside. In a report issued on September 15, Morgan Stanley also maintained a Sell rating on the stock with a A$15.15 price target.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
Read More on NEM:
- Analysts Offer Insights on Consumer Goods Companies: General Mills (GIS) and Trigano SA (OtherTGNOF)
- Analysts Offer Insights on Utilities Companies: Edison International (EIX), EQT (EQT) and Parex Resources (OtherPARXF)
- Gran Tierra Energy (GTE) Receives a Rating Update from a Top Analyst
- Hookipa Pharma (HOOK) Gets a Buy from RBC Capital
- Elastic (ESTC) Receives a Buy from RBC Capital
