There’s a lot to be optimistic about in the Materials sector as 2 analysts just weighed in on Syrah Resources (SYAAF – Research Report) and Zijin Mining Group Co (ZIJMF – Research Report) with bullish sentiments.
Syrah Resources (SYAAF)
In a report released today, Dim Ariyasinghe from UBS maintained a Buy rating on Syrah Resources, with a price target of A$0.80. The company’s shares closed last Wednesday at $0.31, close to its 52-week low of $0.23.
Ariyasinghe has an average return of
According to TipRanks.com, Ariyasinghe is ranked #4462 out of 8824 analysts.
Syrah Resources has an analyst consensus of Strong Buy, with a price target consensus of $0.53, representing a 76.1% upside. In a report issued on May 1, Shaw and Partners also maintained a Buy rating on the stock with a A$1.10 price target.
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Zijin Mining Group Co (ZIJMF)
In a report issued on May 6, Joy Zhang from Goldman Sachs maintained a Buy rating on Zijin Mining Group Co, with a price target of HK$19.00. The company’s shares closed last Wednesday at $2.19, close to its 52-week high of $2.35.
According to TipRanks.com, Zhang is a 4-star analyst with an average return of
Zijin Mining Group Co has an analyst consensus of Strong Buy, with a price target consensus of $2.42, which is a 10.3% upside from current levels. In a report issued on April 23, Jefferies also maintained a Buy rating on the stock with a HK$19.30 price target.
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