Analysts Are Bullish on Top Materials Stocks: Resolute Mining Limited (RMGGF), Ramelius Resources Limited (RMLRF)

There’s a lot to be optimistic about in the Materials sector as 3 analysts just weighed in on Resolute Mining Limited (RMGGF – Research Report), Ramelius Resources Limited (RMLRF – Research Report) and Auteco Minerals Limited (MNXMF – Research Report) with bullish sentiments.

Resolute Mining Limited (RMGGF)

In a report released yesterday, Richard Hatch from Berenberg Bank reiterated a Buy rating on Resolute Mining Limited, with a price target of p28.00. The company’s shares closed last Monday at $0.23.

According to TipRanks.com, Hatch is a 2-star analyst with an average return of 0.0% and a 42.9% success rate. Hatch covers the Basic Materials sector, focusing on stocks such as Adriatic Metals Shs Chess Deposit Interests Repr 1 Sh, Wheaton Precious Metals, and Anglo American.

Currently, the analyst consensus on Resolute Mining Limited is a Moderate Buy with an average price target of $0.37, which is a 58.1% upside from current levels. In a report issued on October 17, Macquarie also maintained a Buy rating on the stock with a A$0.56 price target.

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Ramelius Resources Limited (RMLRF)

In a report released today, Paul Kaner from Ord Minnett maintained a Buy rating on Ramelius Resources Limited, with a price target of A$2.00. The company’s shares closed last Tuesday at $1.08, close to its 52-week high of $1.11.

According to TipRanks.com, Kaner is a 3-star analyst with an average return of 2.7% and a 44.9% success rate. Kaner covers the Basic Materials sector, focusing on stocks such as Silver Lake Resources Limited, Northern Star Resources Ltd, and Sandfire Resources Limited.

Ramelius Resources Limited has an analyst consensus of Moderate Buy, with a price target consensus of $1.27, a 20.0% upside from current levels. In a report released yesterday, Shaw and Partners also maintained a Buy rating on the stock with a A$1.69 price target.

Auteco Minerals Limited (MNXMF)

Shaw and Partners analyst Peter Kormendy maintained a Buy rating on Auteco Minerals Limited today and set a price target of A$0.08. The company’s shares closed last Monday at $0.02, close to its 52-week low of $0.02.

According to TipRanks.com, Kormendy is ranked #7951 out of 8565 analysts.

Currently, the analyst consensus on Auteco Minerals Limited is a Moderate Buy with an average price target of $0.05.

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