Analysts have been eager to weigh in on the Materials sector with new ratings on West African Resources Ltd (WFRSF – Research Report), Pilbara Minerals Limited (PILBF – Research Report) and Newcrest Mining Limited (NCMGF – Research Report).
West African Resources Ltd (WFRSF)
In a report released today, Andrew Bowler from Macquarie maintained a Buy rating on West African Resources Ltd, with a price target of A$1.60. The company’s shares closed last Tuesday at $0.76.
According to TipRanks.com, Bowler is a 4-star analyst with an average return of
West African Resources Ltd has an analyst consensus of Moderate Buy, with a price target consensus of $1.08.
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Pilbara Minerals Limited (PILBF)
In a report released today, Rahul Anand from Morgan Stanley maintained a Sell rating on Pilbara Minerals Limited, with a price target of A$4.15. The company’s shares closed last Tuesday at $3.33.
According to TipRanks.com, Anand is a 5-star analyst with an average return of
The word on The Street in general, suggests a Hold analyst consensus rating for Pilbara Minerals Limited with a $3.60 average price target.
Newcrest Mining Limited (NCMGF)
UBS analyst Levi Spry maintained a Hold rating on Newcrest Mining Limited today and set a price target of A$27.30. The company’s shares closed last Tuesday at $18.21.
According to TipRanks.com, Spry is a 4-star analyst with an average return of
Newcrest Mining Limited has an analyst consensus of Hold, with a price target consensus of $18.44, implying a 1.7% upside from current levels. In a report issued on July 13, RBC Capital also maintained a Hold rating on the stock with a A$23.00 price target.
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