Analysts Are Bullish on Top Materials Stocks: Talga Group Ltd. (TLGRF), Alkane Resources Ltd (ALKEF)

There’s a lot to be optimistic about in the Materials sector as 3 analysts just weighed in on Talga Group Ltd. (TLGRF – Research Report), Alkane Resources Ltd (ALKEF – Research Report) and Silver Lake Resources Limited (SVLKF – Research Report) with bullish sentiments.

Talga Group Ltd. (TLGRF)

In a report issued on April 5, Andrew Harrington from Petra Capital maintained a Buy rating on Talga Group Ltd., with a price target of A$1.19. The company’s shares closed last Friday at $0.48, close to its 52-week low of $0.35.

According to TipRanks.com, Harrington is ranked #8683 out of 8788 analysts.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Talga Group Ltd. with a $0.78 average price target.

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Alkane Resources Ltd (ALKEF)

In a report issued on April 5, David Brennan from Petra Capital maintained a Buy rating on Alkane Resources Ltd, with a price target of A$1.16. The company’s shares closed last Thursday at $0.42.

According to TipRanks.com, Brennan is a 1-star analyst with an average return of -10.7% and a 44.8% success rate. Brennan covers the Basic Materials sector, focusing on stocks such as Poseidon Nickel Limited, Ardea Resources Ltd., and Westgold Resources.

Currently, the analyst consensus on Alkane Resources Ltd is a Moderate Buy with an average price target of $0.71, a 68.8% upside from current levels. In a report issued on April 5, Moelis also maintained a Buy rating on the stock with a A$1.00 price target.

Silver Lake Resources Limited (SVLKF)

In a report issued on April 5, Paul Hissey from Moelis maintained a Buy rating on Silver Lake Resources Limited, with a price target of A$1.70. The company’s shares closed last Friday at $0.85, close to its 52-week high of $0.91.

According to TipRanks.com, Hissey is a 3-star analyst with an average return of 4.0% and a 53.1% success rate. Hissey covers the Basic Materials sector, focusing on stocks such as Gold Road Resources Ltd, Alkane Resources Ltd, and AIC Mines Limited.

The word on The Street in general, suggests a Strong Buy analyst consensus rating for Silver Lake Resources Limited with a $1.03 average price target.

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