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Analysts Offer Insights on Materials Companies: Ramelius Resources Limited (OtherRMLRF) and Bunge (BG)

Analysts fell to the sidelines weighing in on Ramelius Resources Limited (RMLRFResearch Report) and Bunge (BGResearch Report) with neutral ratings, indicating that the experts are neither bullish nor bearish on the stocks.

Ramelius Resources Limited (RMLRF)

In a report released yesterday, Alex Barkley from RBC Capital maintained a Hold rating on Ramelius Resources Limited, with a price target of $1.70. The company’s shares closed last Thursday at $1.05, close to its 52-week high of $1.11.

According to TipRanks.com, Barkley is a 1-star analyst with an average return of -2.4% and a 39.7% success rate. Barkley covers the Basic Materials sector, focusing on stocks such as Silver Lake Resources Limited, Northern Star Resources Ltd, and Evolution Mining Limited.

Ramelius Resources Limited has an analyst consensus of Moderate Buy, with a price target consensus of $1.27, representing a 21.0% upside. In a report released today, Macquarie also downgraded the stock to Hold with a A$1.70 price target.

See Insiders’ Hot Stocks on TipRanks >>

Bunge (BG)

In a report issued on October 26, Ben Kallo from Robert W. Baird reiterated a Hold rating on Bunge, with a price target of $125.00. The company’s shares closed last Monday at $106.46.

According to TipRanks.com, Kallo is a 3-star analyst with an average return of 0.8% and a 43.9% success rate. Kallo covers the Technology sector, focusing on stocks such as Rivian Automotive, QuantumScape, and ESS Tech.

Bunge has an analyst consensus of Moderate Buy, with a price target consensus of $127.83.

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