There’s a lot to be optimistic about in the Materials sector as 2 analysts just weighed in on Northern Star Resources Ltd (NESRF – Research Report) and Orica Limited (OCLDF – Research Report) with bullish sentiments.
Northern Star Resources Ltd (NESRF)
RBC Capital analyst Alex Barkley maintained a Buy rating on Northern Star Resources Ltd on April 23 and set a price target of A$15.00. The company’s shares closed last Wednesday at $9.77, close to its 52-week high of $10.02.
According to TipRanks.com, Barkley 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 $9.90 average price target, implying a 1.3% upside from current levels. In a report issued on April 8, Jefferies also maintained a Buy rating on the stock with a A$17.00 price target.
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Orica Limited (OCLDF)
RBC Capital analyst Owen Birrell maintained a Buy rating on Orica Limited on April 22 and set a price target of A$21.50. The company’s shares closed last Wednesday at $10.15.
According to TipRanks.com, Birrell is a 2-star analyst with an average return of
Orica Limited has an analyst consensus of Strong Buy, with a price target consensus of $12.31, a 21.3% upside from current levels. In a report issued on April 8, J.P. Morgan also initiated coverage with a Buy rating on the stock with a A$19.00 price target.
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