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Analysts Offer Insights on Materials Companies: Eldorado Gold (EGO), LyondellBasell (LYB) and Royal Gold (RGLD)

Companies in the Materials sector have received a lot of coverage today as analysts weigh in on Eldorado Gold (EGOResearch Report), LyondellBasell (LYBResearch Report) and Royal Gold (RGLDResearch Report).

Eldorado Gold (EGO)

RBC Capital analyst Michael Siperco maintained a Hold rating on Eldorado Gold on April 29 and set a price target of $14.00. The company’s shares closed last Tuesday at $14.26.

According to TipRanks.com, Siperco is a 3-star analyst with an average return of 2.0% and a 51.2% success rate. Siperco covers the Basic Materials sector, focusing on stocks such as Novagold Resources New, Hecla Mining Company, and Pan American Silver.

The word on The Street in general, suggests a Hold analyst consensus rating for Eldorado Gold with a $14.76 average price target, which is a 0.3% upside from current levels. In a report issued on April 19, Stifel Nicolaus also maintained a Hold rating on the stock with a C$19.50 price target.

See the top stocks recommended by analysts >>

LyondellBasell (LYB)

RBC Capital analyst Arun Viswanathan maintained a Buy rating on LyondellBasell on April 29 and set a price target of $113.00. The company’s shares closed last Tuesday at $99.97.

According to TipRanks.com, Viswanathan is a 4-star analyst with an average return of 3.7% and a 57.7% success rate. Viswanathan covers the Basic Materials sector, focusing on stocks such as Sherwin-Williams Company, Axalta Coating Systems, and DuPont de Nemours.

The word on The Street in general, suggests a Hold analyst consensus rating for LyondellBasell with a $107.75 average price target, implying a 6.6% upside from current levels. In a report issued on April 29, Wells Fargo also maintained a Buy rating on the stock with a $117.00 price target.

Royal Gold (RGLD)

In a report issued on April 29, Josh Wolfson from RBC Capital maintained a Buy rating on Royal Gold, with a price target of $145.00. The company’s shares closed last Tuesday at $120.13.

According to TipRanks.com, Wolfson is a 4-star analyst with an average return of 4.8% and a 62.3% success rate. Wolfson covers the Basic Materials sector, focusing on stocks such as Wheaton Precious Metals, Anglogold Ashanti PLC, and Osisko Gold Royalties.

Currently, the analyst consensus on Royal Gold is a Moderate Buy with an average price target of $139.00, which is a 14.3% upside from current levels. In a report issued on April 17, BMO Capital also maintained a Buy rating on the stock with a $163.00 price target.

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