Companies in the Materials sector have received a lot of coverage today as analysts weigh in on Chemours Company (CC – Research Report), Sims (SMUPF – Research Report) and De Grey Mining Ltd (DGMLF – Research Report).
Chemours Company (CC)
RBC Capital analyst Arun Viswanathan maintained a Buy rating on Chemours Company on May 6 and set a price target of $35.00. The company’s shares closed last Friday at $28.90.
According to TipRanks.com, Viswanathan is a 4-star analyst with an average return of
Currently, the analyst consensus on Chemours Company is a Moderate Buy with an average price target of $31.43, implying a 10.1% upside from current levels. In a report issued on April 30, Alembic Global also maintained a Buy rating on the stock with a $38.00 price target.
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Sims (SMUPF)
In a report issued on May 7, Owen Birrell from RBC Capital downgraded Sims to Sell, with a price target of A$10.75. The company’s shares closed last Tuesday at $7.36, equals to its 52-week low of $7.36.
According to TipRanks.com, Birrell is a 3-star analyst with an average return of
Sims has an analyst consensus of Hold, with a price target consensus of $7.82, a 6.3% upside from current levels. In a report issued on May 7, J.P. Morgan also maintained a Sell rating on the stock with a A$10.00 price target.
De Grey Mining Ltd (DGMLF)
RBC Capital analyst Alex Barkley maintained a Buy rating on De Grey Mining Ltd on May 8 and set a price target of A$1.50. The company’s shares closed last Friday at $0.80.
According to TipRanks.com, Barkley is a 4-star analyst with an average return of
De Grey Mining Ltd has an analyst consensus of Strong Buy, with a price target consensus of $1.22, implying a 52.5% upside from current levels. In a report issued on May 8, J.P. Morgan also maintained a Buy rating on the stock with a A$1.50 price target.
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Read More on CC:
- Hudson Technologies enters licensing agreement with Chemours
- Chemours discontinues U.S. sales of legacy freon refrigerants 404A and 507
- Chemours sees Q2 revenue up 15% q/q, implying $1.61B, consensus $1.55B
- Chemours reports Q1 EPS 34c, consensus 18c
- Chemours Company Announces Executive Jonathan Lock’s Departure
