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Analysts Are Bullish on These Materials Stocks: Newcrest Mining Limited (NCMGF), Regis Resources Limited (RGRNF)

There’s a lot to be optimistic about in the Materials sector as 2 analysts just weighed in on Newcrest Mining Limited (NCMGFResearch Report) and Regis Resources Limited (RGRNFResearch Report) with bullish sentiments.

Newcrest Mining Limited (NCMGF)

According to TipRanks.com, Greene is a 3-star analyst with an average return of 4.6% and a 63.8% success rate. Greene covers the Basic Materials sector, focusing on stocks such as Northern Star Resources Ltd, Sandfire Resources Limited, and Evolution Mining Limited.

Currently, the analyst consensus on Newcrest Mining Limited is a Moderate Buy with an average price target of $22.02, a 10.2% upside from current levels. In a report issued on March 28, Morgan Stanley also maintained a Buy rating on the stock with a price target.

See today’s best-performing stocks on TipRanks >>

Regis Resources Limited (RGRNF)

The company’s shares closed last Friday at $1.54.

According to TipRanks.com, Collier is a 3-star analyst with an average return of 7.0% and a 54.5% success rate. Collier covers the Basic Materials sector, focusing on stocks such as Sandfire Resources Limited, Newcrest Mining Limited, and OZ Minerals Limited.

Regis Resources Limited has an analyst consensus of Moderate Buy, with a price target consensus of $1.82.

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