Analysts Offer Insights on Materials Companies: Pilbara Minerals Limited (OtherPILBF), Resolute Mining Limited (OtherRMGGF) and AIC Mines Limited (OtherIAUFF)

There’s a lot to be optimistic about in the Materials sector as 3 analysts just weighed in on Pilbara Minerals Limited (PILBF – Research Report), Resolute Mining Limited (RMGGF – Research Report) and AIC Mines Limited (IAUFF – Research Report) with bullish sentiments.

Pilbara Minerals Limited (PILBF)

Macquarie analyst Hayden Bairstow maintained a Buy rating on Pilbara Minerals Limited today and set a price target of A$7.70. The company’s shares closed last Thursday at $2.56.

According to TipRanks.com, Bairstow is a 5-star analyst with an average return of 12.0% and a 51.9% success rate. Bairstow covers the Basic Materials sector, focusing on stocks such as New Hope Corporation Limited, Panoramic Resources Limited, and Northern Star Resources Ltd.

Currently, the analyst consensus on Pilbara Minerals Limited is a Moderate Buy with an average price target of $3.29, representing a 27.0% upside. In a report issued on April 18, UBS also upgraded the stock to Buy with a A$4.60 price target.

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Resolute Mining Limited (RMGGF)

In a report released today, Andrew Bowler from Macquarie maintained a Buy rating on Resolute Mining Limited, with a price target of A$0.52. The company’s shares closed last Wednesday at $0.28.

According to TipRanks.com, Bowler is a 4-star analyst with an average return of 12.5% and a 59.7% success rate. Bowler covers the Basic Materials sector, focusing on stocks such as Silver Lake Resources Limited, West African Resources Ltd, and Ramelius Resources Limited.

Currently, the analyst consensus on Resolute Mining Limited is a Strong Buy with an average price target of $0.38, representing a 31.0% upside. In a report issued on April 13, Canaccord Genuity also maintained a Buy rating on the stock with a A$0.70 price target.

AIC Mines Limited (IAUFF)

Ord Minnett analyst Paul Kaner maintained a Buy rating on AIC Mines Limited today and set a price target of A$0.65. The company’s shares closed last Thursday at $0.25, close to its 52-week low of $0.22.

According to TipRanks.com, Kaner is a 4-star analyst with an average return of 10.8% and a 51.7% success rate. Kaner covers the Basic Materials sector, focusing on stocks such as Silver Lake Resources Limited, Ramelius Resources Limited, and Evolution Mining Limited.

AIC Mines Limited has an analyst consensus of Moderate Buy, with a price target consensus of $0.41, a 64.0% upside from current levels. In a report released today, Shaw and Partners also maintained a Buy rating on the stock with a A$0.60 price target.

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