Analysts Offer Insights on Materials Companies: Celanese (CE), Drdgold (DRD) and Royal Gold (RGLD)

Analysts have been eager to weigh in on the Materials sector with new ratings on Celanese (CE – Research Report), Drdgold (DRD – Research Report) and Royal Gold (RGLD – Research Report).

Celanese (CE)

Wells Fargo analyst Michael Sison maintained a Buy rating on Celanese yesterday and set a price target of $167.00. The company’s shares closed last Wednesday at $148.15.

According to TipRanks.com, Sison is a 5-star analyst with an average return of 7.7% and a 56.2% success rate. Sison covers the Basic Materials sector, focusing on stocks such as International Flavors & Fragrances, Air Products and Chemicals, and Sherwin-Williams Company.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Celanese with a $157.45 average price target, which is a 6.8% upside from current levels. In a report issued on February 6, RBC Capital also maintained a Buy rating on the stock with a $168.00 price target.

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Drdgold (DRD)

In a report released today, Heiko Ihle from H.C. Wainwright reiterated a Buy rating on Drdgold, with a price target of $13.25. The company’s shares closed last Wednesday at $6.71, close to its 52-week low of $6.56.

According to TipRanks.com, Ihle ‘s ranking currently consits of 0 on a 0-5 ranking scale, with an average return of -16.1% and a 23.4% success rate. Ihle covers the Basic Materials sector, focusing on stocks such as Solitario Exploration & Royalty, Tanzanian Royalty Exploration, and Northern Dynasty Minerals.

Currently, the analyst consensus on Drdgold is a Moderate Buy with an average price target of $13.25.

Royal Gold (RGLD)

Bank of America Securities analyst Lawson Winder maintained a Sell rating on Royal Gold yesterday and set a price target of $120.00. The company’s shares closed last Wednesday at $107.59, close to its 52-week low of $101.82.

According to TipRanks.com, Winder has 0 stars on 0-5 stars ranking scale with an average return of -7.2% and a 38.5% success rate. Winder covers the Basic Materials sector, focusing on stocks such as Commercial Metals Company, Pan American Silver, and Freeport-McMoRan.

The word on The Street in general, suggests a Hold analyst consensus rating for Royal Gold with a $139.00 average price target.

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Read More on CE:

• Celanese Corp Announces Jean Blackwell’s Retirement from Board
• RBC would be buyers amid today’s DuPont selloff
• Celanese and Under Armour develop new NEOLAST fiber for performance stretch
• Celanese downgraded to Neutral from Overweight at Alembic Global
• Celanese downgraded to Underperform from Neutral at BofA