There’s a lot to be optimistic about in the Materials sector as 2 analysts just weighed in on Lynas Rare Earths Limited (LYSCF – Research Report) and Alkane Resources Ltd (ALKEF – Research Report) with bullish sentiments.
Lynas Rare Earths Limited (LYSCF)
In a report released today, Regan Burrows from Bell Potter maintained a Buy rating on Lynas Rare Earths Limited, with a price target of A$8.00. The company’s shares closed last Friday at $4.56.
According to TipRanks.com, Burrows is a 2-star analyst with an average return of
Lynas Rare Earths Limited has an analyst consensus of Moderate Buy, with a price target consensus of $5.38.
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Alkane Resources Ltd (ALKEF)
Bell Potter analyst Brad Watson maintained a Buy rating on Alkane Resources Ltd today and set a price target of A$1.10. The company’s shares closed last Friday at $0.58.
According to TipRanks.com, Watson is a 3-star analyst with an average return of
Alkane Resources Ltd has an analyst consensus of Moderate Buy, with a price target consensus of $0.77.
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