Analysts have been eager to weigh in on the Materials sector with new ratings on Schnitzer Steel Industries (RDUS – Research Report), Wheaton Precious Metals (WPM – Research Report) and Mercer International (MERC – Research Report).
Schnitzer Steel Industries (RDUS)
In a report released today, Martin Englert from Seaport Global maintained a Sell rating on Schnitzer Steel Industries, with a price target of $17.50. The company’s shares closed last Tuesday at $23.98, close to its 52-week low of $22.34.
According to TipRanks.com, Englert is ranked #6777 out of 8750 analysts.
The word on The Street in general, suggests a Moderate Sell analyst consensus rating for Schnitzer Steel Industries with a $17.50 average price target.
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Wheaton Precious Metals (WPM)
Scotiabank analyst Tanya Jakusconek maintained a Buy rating on Wheaton Precious Metals today and set a price target of $59.00. The company’s shares closed last Tuesday at $39.50, close to its 52-week low of $38.37.
According to TipRanks.com, Jakusconek has currently 0 stars on a ranking scale of 0-5 stars, with an average return of
Currently, the analyst consensus on Wheaton Precious Metals is a Moderate Buy with an average price target of $55.23, implying a 40.4% upside from current levels. In a report issued on February 21, BMO Capital also maintained a Buy rating on the stock with a $59.00 price target.
Mercer International (MERC)
RBC Capital analyst Matt McKellar reiterated a Hold rating on Mercer International yesterday and set a price target of $10.00. The company’s shares closed last Tuesday at $8.72.
According to TipRanks.com, McKellar is a 2-star analyst with an average return of
Mercer International has an analyst consensus of Hold, with a price target consensus of $9.50, an 11.1% upside from current levels. In a report issued on February 20, TD Securities also maintained a Hold rating on the stock with a $9.50 price target.
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