Analysts Have Conflicting Sentiments on These Materials Companies: SSAB (OtherSSAAY), Hudbay Minerals (HBM) and Sandfire Resources Limited (OtherSFRRF)

Analysts have been eager to weigh in on the Materials sector with new ratings on SSAB (SSAAY – Research Report), Hudbay Minerals (HBM – Research Report) and Sandfire Resources Limited (SFRRF – Research Report).

SSAB (SSAAY)

Kepler Capital analyst Ola Soedermark maintained a Hold rating on SSAB on January 31 and set a price target of SEK67.00. The company’s shares closed last Thursday at $3.78, close to its 52-week high of $3.97.

According to TipRanks.com, Soedermark is ranked #1420 out of 8689 analysts.

Currently, the analyst consensus on SSAB is a Hold with an average price target of $7.62, implying a 100.5% upside from current levels. In a report released yesterday, Pareto also upgraded the stock to Hold with a SEK69.00 price target.

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Hudbay Minerals (HBM)

RBC Capital analyst Sam Crittenden maintained a Buy rating on Hudbay Minerals on January 29 and set a price target of C$11.00. The company’s shares closed last Thursday at $5.64.

According to TipRanks.com, Crittenden is a 5-star analyst with an average return of 19.3% and a 62.3% success rate. Crittenden covers the Basic Materials sector, focusing on stocks such as First Quantum Minerals, Nexa Resources SA, and Warrior Met Coal.

Currently, the analyst consensus on Hudbay Minerals is a Strong Buy with an average price target of $7.32, implying a 30.9% upside from current levels. In a report issued on January 15, Scotiabank also maintained a Buy rating on the stock with a C$10.50 price target.

Sandfire Resources Limited (SFRRF)

In a report issued on January 30, Kaan Peker from RBC Capital maintained a Buy rating on Sandfire Resources Limited, with a price target of A$8.00. The company’s shares closed last Thursday at $4.90.

According to TipRanks.com, Peker is ranked 0 out of 5 stars with an average return of -7.2% and a 36.7% success rate. Peker covers the Basic Materials sector, focusing on stocks such as Fortescue Metals Group Ltd, Mineral Resources Limited, and Pilbara Minerals Limited.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Sandfire Resources Limited with a $4.96 average price target, representing an 8.5% upside. In a report issued on January 31, J.P. Morgan also upgraded the stock to Buy with a A$8.10 price target.

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Read More on SSAAY:

• SSAAY Earnings Report this Week: Is It a Buy, Ahead of Earnings?
• SSAB AB price target raised to SEK 99 from SEK 90 at JPMorgan
• SSAB AB upgraded to Buy from Neutral at UBS
• SSAB AB downgraded to Equal Weight from Overweight at Morgan Stanley
• SSAB AB initiated with a Hold at Jefferies