Analysts have been eager to weigh in on the Materials sector with new ratings on Novagold Resources New (NG – Research Report), Axalta Coating Systems (AXTA – Research Report) and Equinox Gold (EQX – Research Report).
Novagold Resources New (NG)
In a report issued on April 8, Michael Siperco from RBC Capital maintained a Hold rating on Novagold Resources New, with a price target of $5.00. The company’s shares closed last Wednesday at $3.14.
According to TipRanks.com, Siperco is a 3-star analyst with an average return of
Currently, the analyst consensus on Novagold Resources New is a Moderate Buy with an average price target of $9.25.
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Axalta Coating Systems (AXTA)
In a report issued on April 9, Arun Viswanathan from RBC Capital maintained a Buy rating on Axalta Coating Systems, with a price target of $39.00. The company’s shares closed last Wednesday at $32.55.
According to TipRanks.com, Viswanathan is a 5-star analyst with an average return of
Currently, the analyst consensus on Axalta Coating Systems is a Strong Buy with an average price target of $38.20, implying a 15.6% upside from current levels. In a report released yesterday, Citi also maintained a Buy rating on the stock with a $40.00 price target.
Equinox Gold (EQX)
In a report issued on April 8, Wayne Lam from RBC Capital maintained a Hold rating on Equinox Gold, with a price target of C$7.00. The company’s shares closed last Wednesday at $5.92.
According to TipRanks.com, Lam is a 1-star analyst with an average return of
Currently, the analyst consensus on Equinox Gold is a Moderate Buy with an average price target of $6.17, implying a 2.8% upside from current levels. In a report issued on April 5, National Bank also maintained a Hold rating on the stock with a C$11.50 price target.
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Read More on NG:
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- NovaGold options imply 6.6% move in share price post-earnings
- Options Volatility and Implied Earnings Moves Today, April 03, 2024