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Analysts Offer Insights on Materials Companies: Tanzanian Royalty Exploration (TRX), Galiano Gold (GAU) and BHP Group Ltd (OtherBHPLF)

Companies in the Materials sector have received a lot of coverage today as analysts weigh in on Tanzanian Royalty Exploration (TRXResearch Report), Galiano Gold (GAUResearch Report) and BHP Group Ltd (BHPLFResearch Report).

Tanzanian Royalty Exploration (TRX)

H.C. Wainwright analyst Heiko Ihle reiterated a Buy rating on Tanzanian Royalty Exploration on January 17 and set a price target of $1.30. The company’s shares closed last Monday at $0.35, equals to its 52-week low of $0.35.

According to TipRanks.com, Ihle ‘s ranking currently consits of 0 on a 0-5 ranking scale, with an average return of -15.0% and a 24.8% success rate. Ihle covers the Basic Materials sector, focusing on stocks such as Solitario Exploration & Royalty, Northern Dynasty Minerals, and Americas Gold and Silver.

Tanzanian Royalty Exploration has an analyst consensus of Moderate Buy, with a price target consensus of $1.30.

See the top stocks recommended by analysts >>

Galiano Gold (GAU)

In a report issued on January 17, Ovais Habib from Scotiabank maintained a Hold rating on Galiano Gold, with a price target of C$1.50. The company’s shares closed last Monday at $0.88.

According to TipRanks.com, Habib is a 1-star analyst with an average return of -1.7% and a 36.9% success rate. Habib covers the Basic Materials sector, focusing on stocks such as First Majestic Silver, Pan American Silver, and SilverCrest Metals.

Currently, the analyst consensus on Galiano Gold is a Moderate Buy with an average price target of $1.60.

BHP Group Ltd (BHPLF)

The company’s shares closed last Monday at $29.45.

Redfern has an average return of 5.1% when recommending BHP Group Ltd.

According to TipRanks.com, Redfern is ranked #6928 out of 8673 analysts.

Currently, the analyst consensus on BHP Group Ltd is a Moderate Buy with an average price target of $32.41, implying a 12.9% upside from current levels. In a report issued on January 10, Goldman Sachs also maintained a Buy rating on the stock with a A$50.50 price target.

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