Analysts have been eager to weigh in on the Materials sector with new ratings on Northern Star Resources Ltd (NESRF – Research Report), Fortescue Metals Group Ltd (FSUMF – Research Report) and BHP Group Ltd (BHPLF – Research Report).
Northern Star Resources Ltd (NESRF)
Jefferies analyst Mitch Ryan maintained a Buy rating on Northern Star Resources Ltd on March 1 and set a price target of A$15.75. The company’s shares closed last Thursday at $8.45.
According to TipRanks.com, Ryan is a 4-star analyst with an average return of
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Northern Star Resources Ltd with a $9.10 average price target, a 7.7% upside from current levels. In a report issued on February 22, Canaccord Genuity also maintained a Buy rating on the stock with a A$16.35 price target.
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Fortescue Metals Group Ltd (FSUMF)
In a report issued on March 1, Chris Drew from Jefferies downgraded Fortescue Metals Group Ltd to Sell, with a price target of A$21.00. The company’s shares closed last Friday at $17.13.
According to TipRanks.com, Drew is a 2-star analyst with an average return of
The word on The Street in general, suggests a Strong Sell analyst consensus rating for Fortescue Metals Group Ltd with a $13.77 average price target, a -19.2% downside from current levels. In a report issued on February 19, RBC Capital also maintained a Sell rating on the stock with a A$23.00 price target.
BHP Group Ltd (BHPLF)
Jefferies analyst Chris LaFemina maintained a Buy rating on BHP Group Ltd on March 1 and set a price target of p2700.00. The company’s shares closed last Friday at $29.78.
According to TipRanks.com, LaFemina is a 4-star analyst with an average return of
Currently, the analyst consensus on BHP Group Ltd is a Hold with an average price target of $30.93, a 9.1% upside from current levels. In a report issued on February 20, Goldman Sachs also maintained a Buy rating on the stock with a A$49.40 price target.
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