Analysts have been eager to weigh in on the Materials sector with new ratings on Ramelius Resources Limited (RMLRF – Research Report) and Fortescue Metals Group Ltd (FSUMF – Research Report).
Ramelius Resources Limited (RMLRF)
Macquarie analyst Andrew Bowler maintained a Buy rating on Ramelius Resources Limited today and set a price target of A$1.60. The company’s shares closed last Friday at $0.84.
According to TipRanks.com, Bowler is a 4-star analyst with an average return of
Currently, the analyst consensus on Ramelius Resources Limited is a Strong Buy with an average price target of $1.09, a 29.1% upside from current levels. In a report issued on July 28, Shaw and Partners also maintained a Buy rating on the stock with a A$1.69 price target.
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Fortescue Metals Group Ltd (FSUMF)
UBS analyst Lachlan Shaw maintained a Sell rating on Fortescue Metals Group Ltd today and set a price target of A$16.10. The company’s shares closed last Friday at $14.65.
According to TipRanks.com, Shaw is a 4-star analyst with an average return of
Currently, the analyst consensus on Fortescue Metals Group Ltd is a Moderate Sell with an average price target of $12.31, implying a -16.3% downside from current levels. In a report issued on July 19, Citi also downgraded the stock to Sell with a A$19.40 price target.
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