Analysts Have Conflicting Sentiments on These Materials Companies: Russel Metals (OtherRUSMF), Albemarle (ALB) and Metalla Royalty & Streaming (MTA)

Analysts have been eager to weigh in on the Materials sector with new ratings on Russel Metals (RUSMF – Research Report), Albemarle (ALB – Research Report) and Metalla Royalty & Streaming (MTA – Research Report).

Russel Metals (RUSMF)

BMO Capital analyst Devin Dodge maintained a Hold rating on Russel Metals on August 11 and set a price target of $41.00. The company’s shares closed last Friday at $28.78, close to its 52-week high of $29.69.

According to TipRanks.com, Dodge is a 5-star analyst with an average return of 9.2% and a 67.9% success rate. Dodge covers the Industrial Goods sector, focusing on stocks such as GFL Environmental, Waste Connections, and SNC-Lavalin Group.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Russel Metals with a $32.86 average price target, a 13.9% upside from current levels. In a report issued on August 6, RBC Capital also maintained a Hold rating on the stock with a C$40.00 price target.

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Albemarle (ALB)

BMO Capital analyst Joel Jackson reiterated a Buy rating on Albemarle yesterday and set a price target of $300.00. The company’s shares closed last Friday at $187.49, close to its 52-week low of $171.82.

According to TipRanks.com, Jackson is a 5-star analyst with an average return of 11.2% and a 57.9% success rate. Jackson covers the Basic Materials sector, focusing on stocks such as Compass Minerals International, Sociedad Quimica Y Minera SA, and CF Holdings.

Albemarle has an analyst consensus of Moderate Buy, with a price target consensus of $263.71, implying a 38.6% upside from current levels. In a report issued on August 1, RBC Capital also maintained a Buy rating on the stock with a $255.00 price target.

Metalla Royalty & Streaming (MTA)

BMO Capital analyst Rene Cartier reiterated a Hold rating on Metalla Royalty & Streaming yesterday and set a price target of $10.00. The company’s shares closed last Friday at $4.25.

According to TipRanks.com, Cartier is a 5-star analyst with an average return of 17.6% and a 48.8% success rate. Cartier covers the Basic Materials sector, focusing on stocks such as Osisko Gold Royalties, Capstone Copper, and Arizona Metals.

Metalla Royalty & Streaming has an analyst consensus of Hold, with a price target consensus of $10.00.

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Read More on RUSMF:

• Russel Metals Announces 2023 Second Quarter Results
• RUSMF Earnings Report this Week: Is It a Buy, Ahead of Earnings?
• Russel Metals price target raised to C$44 from C$41 at Stifel
• RUSSEL METALS TO SELL ITS 50% EQUITY INTEREST IN TRIMARK TO MARUBENI-ITOCHU
• Russel Metals initiated with a Sector Perform at National Bank