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Analysts Offer Insights on Materials Companies: Steel Dynamics (STLD), Northern Star Resources Ltd (OtherNESRF) and Pilbara Minerals Limited (OtherPILBF)

Companies in the Materials sector have received a lot of coverage today as analysts weigh in on Steel Dynamics (STLDResearch Report), Northern Star Resources Ltd (NESRFResearch Report) and Pilbara Minerals Limited (PILBFResearch Report).

Steel Dynamics (STLD)

In a report released today, Philip Gibbs from KeyBanc maintained a Hold rating on Steel Dynamics. The company’s shares closed last Wednesday at $116.54.

According to TipRanks.com, Gibbs is a 5-star analyst with an average return of 19.6% and a 66.3% success rate. Gibbs covers the Basic Materials sector, focusing on stocks such as Universal Stainless & Alloy Products, Schnitzer Steel Industries, and Commercial Metals Company.

Steel Dynamics has an analyst consensus of Hold, with a price target consensus of $113.00, implying a 2.7% upside from current levels. In a report issued on January 16, UBS also initiated coverage with a Hold rating on the stock with a $120.00 price target.

See the top stocks recommended by analysts >>

Northern Star Resources Ltd (NESRF)

RBC Capital analyst Alex Barkley maintained a Buy rating on Northern Star Resources Ltd yesterday and set a price target of $15.00. The company’s shares closed last Wednesday at $8.30.

According to TipRanks.com, Barkley is a 3-star analyst with an average return of 3.6% and a 49.4% success rate. Barkley covers the Basic Materials sector, focusing on stocks such as Silver Lake Resources Limited, Ramelius Resources Limited, and Evolution Mining Limited.

Northern Star Resources Ltd has an analyst consensus of Moderate Buy, with a price target consensus of $9.61, implying a 16.8% upside from current levels. In a report released today, Ord Minnett also upgraded the stock to Buy with a A$13.90 price target.

Pilbara Minerals Limited (PILBF)

In a report released yesterday, Kaan Peker from RBC Capital maintained a Buy rating on Pilbara Minerals Limited, with a price target of p4.10. The company’s shares closed last Wednesday at $2.27, close to its 52-week low of $2.06.

According to TipRanks.com, Peker ‘s ranking currently consits of 0 on a 0-5 ranking scale, with an average return of -8.7% and a 30.0% success rate. Peker covers the Basic Materials sector, focusing on stocks such as Fortescue Metals Group Ltd, Sandfire Resources Limited, and Mineral Resources Limited.

Pilbara Minerals Limited has an analyst consensus of Hold, with a price target consensus of $2.25, a 2.7% upside from current levels. In a report issued on January 18, Canaccord Genuity also maintained a Buy rating on the stock with a A$4.25 price target.

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