Analysts have been eager to weigh in on the Materials sector with new ratings on Mineral Resources Limited (MALRF – Research Report), Ramelius Resources Limited (RMLRF – Research Report) and IGO (IPGDF – Research Report).
Mineral Resources Limited (MALRF)
Macquarie analyst Hayden Bairstow maintained a Buy rating on Mineral Resources Limited today and set a price target of A$78.00. The company’s shares closed last Tuesday at $44.20.
According to TipRanks.com, Bairstow is a 1-star analyst with an average return of
Mineral Resources Limited has an analyst consensus of Hold, with a price target consensus of $46.07, representing a 4.2% upside. In a report issued on May 1, Morgan Stanley also upgraded the stock to Buy with a A$83.00 price target.
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Ramelius Resources Limited (RMLRF)
In a report released today, Dorab Postmaster from Shaw and Partners maintained a Buy rating on Ramelius Resources Limited, with a price target of A$2.33. The company’s shares closed last Monday at $1.43.
Postmaster has an average return of
According to TipRanks.com, Postmaster is ranked #1332 out of 8844 analysts.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Ramelius Resources Limited with a $1.48 average price target.
IGO (IPGDF)
Macquarie analyst Robert Stein maintained a Hold rating on IGO today and set a price target of A$7.60. The company’s shares closed last Monday at $5.11, close to its 52-week low of $4.29.
According to TipRanks.com, Stein is a 3-star analyst with an average return of
IGO has an analyst consensus of Hold, with a price target consensus of $5.16, which is a 1.0% upside from current levels. In a report issued on May 1, Citi also downgraded the stock to Hold with a A$7.60 price target.
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