There’s a lot to be optimistic about in the Materials sector as 2 analysts just weighed in on Syrah Resources (SYAAF – Research Report) and Core Lithium Ltd (CXOXF – Research Report) with bullish sentiments.
Syrah Resources (SYAAF)
In a report released today, Peter Kormendy from Shaw and Partners maintained a Buy rating on Syrah Resources, with a price target of A$1.30. The company’s shares closed last Thursday at $0.47, close to its 52-week low of $0.45.
According to TipRanks.com, Kormendy is ranked #5762 out of 8556 analysts.
Currently, the analyst consensus on Syrah Resources is a Moderate Buy with an average price target of $0.77.
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Core Lithium Ltd (CXOXF)
In a report released today, Hayden Bairstow from Macquarie maintained a Buy rating on Core Lithium Ltd, with a price target of A$0.90. The company’s shares closed last Thursday at $0.43, close to its 52-week low of $0.41.
According to TipRanks.com, Bairstow is a 4-star analyst with an average return of
Core Lithium Ltd has an analyst consensus of Moderate Sell, with a price target consensus of $0.46, implying a 7.0% upside from current levels. In a report issued on July 24, Canaccord Genuity also maintained a Buy rating on the stock with a A$0.95 price target.
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