Analysts have been eager to weigh in on the Materials sector with new ratings on Alkane Resources Ltd (ALKEF – Research Report) and Regis Resources Limited (RGRNF – Research Report).
Alkane Resources Ltd (ALKEF)
In a report released today, Paul Kaner from Ord Minnett downgraded Alkane Resources Ltd to Hold, with a price target of A$0.65. The company’s shares closed last Thursday at $0.44.
According to TipRanks.com, Kaner is a 5-star analyst with an average return of
Currently, the analyst consensus on Alkane Resources Ltd is a Strong Buy with an average price target of $0.66.
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Regis Resources Limited (RGRNF)
Citi analyst Kate McCutcheon maintained a Sell rating on Regis Resources Limited today and set a price target of A$1.30.
According to TipRanks.com, McCutcheon is a 4-star analyst with an average return of
Currently, the analyst consensus on Regis Resources Limited is a Moderate Buy with an average price target of $1.46.
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