Analysts have been eager to weigh in on the Materials sector with new ratings on Lynas Rare Earths Limited (LYSCF – Research Report) and Silver Lake Resources Limited (SVLKF – Research Report).
Lynas Rare Earths Limited (LYSCF)
In a report released today, Paul McTaggart from Citi downgraded Lynas Rare Earths Limited to Hold, with a price target of A$7.60. The company’s shares closed last Monday at $4.54.
According to TipRanks.com, McTaggart is a 5-star analyst with an average return of
Lynas Rare Earths Limited has an analyst consensus of Moderate Buy, with a price target consensus of $5.50, a 25.0% upside from current levels. In a report released yesterday, Goldman Sachs also maintained a Hold rating on the stock with a A$6.00 price target.
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Silver Lake Resources Limited (SVLKF)
Macquarie analyst Andrew Bowler maintained a Buy rating on Silver Lake Resources Limited today and set a price target of A$1.40. The company’s shares closed last Monday at $0.62, close to its 52-week low of $0.61.
According to TipRanks.com, Bowler is a 4-star analyst with an average return of
Currently, the analyst consensus on Silver Lake Resources Limited is a Strong Buy with an average price target of $1.07.
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