Companies in the Materials sector have received a lot of coverage today as analysts weigh in on Mercer International (MERC – Research Report), Royal Gold (RGLD – Research Report) and Summit Materials (SUM – Research Report).
Mercer International (MERC)
In a report issued on February 17, Paul Quinn from RBC Capital maintained a Hold rating on Mercer International, with a price target of $12.00. The company’s shares closed last Tuesday at $10.95.
According to TipRanks.com, Quinn is a top 100 analyst with an average return of
Mercer International has an analyst consensus of Hold, with a price target consensus of $13.50, a 21.5% upside from current levels. In a report issued on February 10, Credit Suisse also downgraded the stock to Hold with a $15.50 price target.
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Royal Gold (RGLD)
RBC Capital analyst Josh Wolfson maintained a Buy rating on Royal Gold on February 20 and set a price target of $140.00. The company’s shares closed last Tuesday at $121.44.
According to TipRanks.com, Wolfson is a 2-star analyst with an average return of
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Royal Gold with a $132.57 average price target.
Summit Materials (SUM)
In a report issued on February 17, Michael Dahl from RBC Capital maintained a Buy rating on Summit Materials, with a price target of $35.00. The company’s shares closed last Tuesday at $29.94.
According to TipRanks.com, Dahl is a 4-star analyst with an average return of
Currently, the analyst consensus on Summit Materials is a Moderate Buy with an average price target of $34.90, which is a 16.1% upside from current levels. In a report released yesterday, Jefferies also maintained a Buy rating on the stock with a $36.00 price target.
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Read More on MERC:
- Mercer reports Q4 EPS 30c, consensus 76c
- Mercer International Inc. Reports Fourth Quarter and Year End 2022 Results and Announces Quarterly Cash Dividend of $0.075
- Mercer downgraded to Neutral from Outperform at Credit Suisse
- Mercer International Inc. Announces Cariboo Mill Downtime for Eight Weeks
- Mercer joint venture announces planned curtailment of operation
