There’s a lot to be optimistic about in the Materials sector as 3 analysts just weighed in on Methanex (MEOH – Research Report), Newmont Mining (NEM – Research Report) and Reliance Steel (RS – Research Report) with bullish sentiments.
Methanex (MEOH)
In a report released yesterday, Joel Jackson from BMO Capital reiterated a Buy rating on Methanex, with a price target of $60.00. The company’s shares closed last Thursday at $47.77.
According to TipRanks.com, Jackson is a 4-star analyst with an average return of
Currently, the analyst consensus on Methanex is a Strong Buy with an average price target of $55.63, which is a 14.5% upside from current levels. In a report released yesterday, Scotiabank also maintained a Buy rating on the stock with a $54.00 price target.
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Newmont Mining (NEM)
BMO Capital analyst Jackie Przybylowski maintained a Buy rating on Newmont Mining yesterday and set a price target of $56.00. The company’s shares closed last Thursday at $43.41.
According to TipRanks.com, Przybylowski is a 5-star analyst with an average return of
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Newmont Mining with a $43.44 average price target, a 7.7% upside from current levels. In a report issued on April 19, National Bank also maintained a Buy rating on the stock with a C$69.00 price target.
Reliance Steel (RS)
BMO Capital analyst Katja Jancic maintained a Buy rating on Reliance Steel yesterday and set a price target of $345.00. The company’s shares closed last Thursday at $292.13.
According to TipRanks.com, Jancic is a 4-star analyst with an average return of
Reliance Steel has an analyst consensus of Moderate Buy, with a price target consensus of $361.40.
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Read More on MEOH:
- Methanex Welcomes New Director, Shareholders Approve Proposals
- Methanex Shareholders Show Strong Support at AGM
- Methanex Reports on Annual General Meeting of Shareholders and Welcomes Roger Perreault to Its Board of Directors
- Methanex Announces Quarterly Dividend Payout
- Methanex Announces Upcoming Quarterly Dividend
