Analysts have been eager to weigh in on the Materials sector with new ratings on Evolution Mining Limited (CAHPF – Research Report), Northern Star Resources Ltd (NESRF – Research Report) and Liontown Resources Limited (DE:LIS – Research Report).
Evolution Mining Limited (CAHPF)
In a report issued on May 6, Tom Prendiville from Canaccord Genuity maintained a Buy rating on Evolution Mining Limited, with a price target of A$4.60. The company’s shares closed last Monday at $2.49.
According to TipRanks.com, Prendiville is a 2-star analyst with an average return of
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Evolution Mining Limited with a $2.68 average price target, representing a 1.1% upside. In a report issued on May 1, Citi also maintained a Buy rating on the stock with a A$4.50 price target.
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Northern Star Resources Ltd (NESRF)
Canaccord Genuity analyst Tim McCormack maintained a Buy rating on Northern Star Resources Ltd on May 6 and set a price target of A$19.15. The company’s shares closed last Monday at $9.77, close to its 52-week high of $10.02.
According to TipRanks.com, McCormack is a 4-star analyst with an average return of
Currently, the analyst consensus on Northern Star Resources Ltd is a Moderate Buy with an average price target of $10.09, a 3.3% upside from current levels. In a report issued on April 23, RBC Capital also maintained a Buy rating on the stock with a A$15.00 price target.
Liontown Resources Limited (DE:LIS)
Liontown Resources Limited received a Hold rating and a A$1.30 price target from Canaccord Genuity analyst Reg Spencer on May 6. The company’s shares closed yesterday at EUR0.84.
According to TipRanks.com, Spencer is a 3-star analyst with an average return of
The word on The Street in general, suggests a Hold analyst consensus rating for Liontown Resources Limited with an EUR0.83 average price target, a -1.4% downside from current levels. In a report issued on May 7, Macquarie also maintained a Hold rating on the stock with a A$1.30 price target.
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