Analysts have been eager to weigh in on the Materials sector with new ratings on West African Resources Ltd (WFRSF – Research Report), Mineral Resources Limited (MALRF – Research Report) and Fortescue Metals Group Ltd (FSUMF – Research Report).
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 Wednesday at $0.52.
According to TipRanks.com, Bowler is a 1-star analyst with an average return of
West African Resources Ltd has an analyst consensus of Moderate Buy, with a price target consensus of $1.02.
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Mineral Resources Limited (MALRF)
In a report released today, Hayden Bairstow from Macquarie maintained a Buy rating on Mineral Resources Limited, with a price target of A$92.00. The company’s shares closed last Monday at $42.10, close to its 52-week low of $39.07.
According to TipRanks.com, Bairstow is a 3-star analyst with an average return of
Mineral Resources Limited has an analyst consensus of Hold, with a price target consensus of $48.98, which is a 16.3% upside from current levels. In a report issued on August 18, Morgans also maintained a Buy rating on the stock with a A$84.00 price target.
Fortescue Metals Group Ltd (FSUMF)
In a report released today, Lachlan Shaw from UBS maintained a Sell rating on Fortescue Metals Group Ltd, with a price target of A$15.20. The company’s shares closed last Tuesday at $12.89.
According to TipRanks.com, Shaw is a 4-star analyst with an average return of
Fortescue Metals Group Ltd has an analyst consensus of Moderate Sell, with a price target consensus of $11.17, implying a -15.7% downside from current levels. In a report released yesterday, Macquarie also maintained a Sell rating on the stock with a A$16.40 price target.
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