There’s a lot to be optimistic about in the Materials sector as 2 analysts just weighed in on West African Resources Ltd (WFRSF – Research Report) and Mount Gibson Iron Limited (MTGRF – Research Report) with bullish sentiments.
West African Resources Ltd (WFRSF)
In a report released today, Andrew Bowler from Macquarie maintained a Buy rating on West African Resources Ltd, with a price target of A$1.60. The company’s shares closed last Thursday at $0.53, close to its 52-week low of $0.44.
According to TipRanks.com, Bowler 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 West African Resources Ltd with a $1.06 average price target.
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Mount Gibson Iron Limited (MTGRF)
In a report released today, Hayden Bairstow from Macquarie maintained a Buy rating on Mount Gibson Iron Limited, with a price target of A$0.55. The company’s shares closed last Monday at $0.29, close to its 52-week low of $0.27.
According to TipRanks.com, Bairstow is a 4-star analyst with an average return of
Mount Gibson Iron Limited has an analyst consensus of Moderate Buy, with a price target consensus of $0.36.
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