Analysts have been eager to weigh in on the Materials sector with new ratings on Fortescue Metals Group Ltd (FSUMF – Research Report), Regis Resources Limited (RGRNF – Research Report) and Anglo American (AAUKF – Research Report).
Fortescue Metals Group Ltd (FSUMF)
In a report released yesterday, Kaan Peker from RBC Capital maintained a Sell rating on Fortescue Metals Group Ltd, with a price target of $23.00. The company’s shares closed last Thursday at $18.55.
According to TipRanks.com, Peker has 0 stars on 0-5 stars ranking scale with an average return of
Currently, the analyst consensus on Fortescue Metals Group Ltd is a Strong Sell with an average price target of $14.87, a -19.7% downside from current levels. In a report released today, Morgan Stanley also maintained a Sell rating on the stock with a A$18.80 price target.
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Regis Resources Limited (RGRNF)
RBC Capital analyst Alex Barkley maintained a Buy rating on Regis Resources Limited yesterday and set a price target of p2.60. The company’s shares closed last Thursday at $1.24.
According to TipRanks.com, Barkley is a 4-star analyst with an average return of
Regis Resources Limited has an analyst consensus of Moderate Buy, with a price target consensus of $1.24.
Anglo American (AAUKF)
Barclays analyst Ian Rossouw CFA maintained a Buy rating on Anglo American yesterday and set a price target of £26.30. The company’s shares closed last Thursday at $22.28, close to its 52-week low of $20.91.
CFA has an average return of
According to TipRanks.com, CFA is ranked #6268 out of 8729 analysts.
Anglo American has an analyst consensus of Moderate Buy, with a price target consensus of $29.90, representing a 34.2% upside. In a report issued on February 9, J.P. Morgan also maintained a Buy rating on the stock with a p2350.00 price target.
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