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Analysts Offer Insights on Materials Companies: B2Gold (BTG) and United States Steel (X)

Analysts have been eager to weigh in on the Materials sector with new ratings on B2Gold (BTGResearch Report) and United States Steel (XResearch Report).

B2Gold (BTG)

In a report released yesterday, Brian Quast from BMO Capital assigned a Buy rating to B2Gold, with a price target of C$6.00. The company’s shares closed last Monday at $2.57, close to its 52-week low of $2.34.

According to TipRanks.com, Quast is a 4-star analyst with an average return of 4.2% and a 50.5% success rate. Quast covers the Basic Materials sector, focusing on stocks such as Eldorado Gold, Argonaut Gold, and Alamos Gold.

B2Gold has an analyst consensus of Strong Buy, with a price target consensus of $4.15, implying a 57.8% upside from current levels. In a report issued on March 14, Bank of America Securities also maintained a Buy rating on the stock with a $4.00 price target.

See today’s best-performing stocks on TipRanks >>

United States Steel (X)

BMO Capital analyst Katja Jancic assigned a Hold rating to United States Steel yesterday and set a price target of $45.00. The company’s shares closed last Monday at $38.87.

According to TipRanks.com, Jancic is a 4-star analyst with an average return of 15.9% and a 87.2% success rate. Jancic covers the Basic Materials sector, focusing on stocks such as Commercial Metals Company, Algoma Steel Group, and Century Aluminum.

The word on The Street in general, suggests a Hold analyst consensus rating for United States Steel with a $51.75 average price target, implying a 33.9% upside from current levels. In a report released today, KeyBanc also assigned a Hold rating to the stock.

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