Analysts have been eager to weigh in on the Materials sector with new ratings on Fortescue Metals Group Ltd (FSUMF – Research Report), Torex Gold Resources (TORXF – Research Report) and Orica Limited (OCLDF – Research Report).
Fortescue Metals Group Ltd (FSUMF)
RBC Capital analyst Kaan Peker maintained a Sell rating on Fortescue Metals Group Ltd on November 21 and set a price target of A$18.00. The company’s shares closed last Wednesday at $16.50, close to its 52-week high of $16.71.
According to TipRanks.com, Peker ‘s ranking currently consits of 0 on a 0-5 ranking scale, with an average return of
The word on The Street in general, suggests a Moderate Sell analyst consensus rating for Fortescue Metals Group Ltd with a $12.21 average price target, implying a -26.0% downside from current levels. In a report issued on November 6, Goldman Sachs also maintained a Sell rating on the stock with a A$16.30 price target.
See Insiders’ Hot Stocks on TipRanks >>
Torex Gold Resources (TORXF)
In a report issued on November 20, Wayne Lam from RBC Capital maintained a Hold rating on Torex Gold Resources, with a price target of C$20.00. The company’s shares closed last Wednesday at $9.40, close to its 52-week low of $7.76.
According to TipRanks.com, Lam is currently ranked with 0 stars on a 0-5 stars ranking scale, with an average return of
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Torex Gold Resources with a $16.55 average price target, implying a 73.3% upside from current levels. In a report released yesterday, National Bank also maintained a Hold rating on the stock with a C$18.25 price target.
Orica Limited (OCLDF)
In a report issued on November 20, Owen Birrell from RBC Capital maintained a Buy rating on Orica Limited, with a price target of A$20.00. The company’s shares closed last Tuesday at $9.55.
According to TipRanks.com, Birrell is a 3-star analyst with an average return of
Currently, the analyst consensus on Orica Limited is a Strong Buy with an average price target of $11.80, a 23.6% upside from current levels. In a report issued on November 9, Citi also maintained a Buy rating on the stock with a A$17.00 price target.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
Read More on FSUMF:
