Analysts have been eager to weigh in on the Materials sector with new ratings on Mineral Resources Limited (MALRF – Research Report) and Regis Resources Limited (RGRNF – Research Report).
Mineral Resources Limited (MALRF)
In a report released today, Lachlan Shaw from UBS maintained a Sell rating on Mineral Resources Limited, with a price target of A$53.00. The company’s shares closed last Thursday at $37.81, close to its 52-week low of $35.21.
According to TipRanks.com, Shaw is a 3-star analyst with an average return of
Mineral Resources Limited has an analyst consensus of Hold, with a price target consensus of $42.03.
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Regis Resources Limited (RGRNF)
Bell Potter analyst David Coates maintained a Buy rating on Regis Resources Limited today and set a price target of A$2.60. The company’s shares closed last Thursday at $1.41.
Coates has an average return of
According to TipRanks.com, Coates is ranked #4157 out of 8694 analysts.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Regis Resources Limited with a $1.55 average price target, representing a 9.9% upside. In a report issued on January 25, RBC Capital also maintained a Buy rating on the stock with a A$2.60 price target.
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