Companies in the Materials sector have received a lot of coverage today as analysts weigh in on Zijin Mining Group Co (ZIJMF – Research Report) and Cemex SAB (CX – Research Report).
Zijin Mining Group Co (ZIJMF)
In a report issued on April 22, Joy Zhang from Goldman Sachs maintained a Buy rating on Zijin Mining Group Co, with a price target of HK$19.00. The company’s shares closed last Tuesday at $2.13.
According to TipRanks.com, Zhang is a 4-star analyst with an average return of
Zijin Mining Group Co has an analyst consensus of Strong Buy, with a price target consensus of $2.33, implying a 9.7% upside from current levels. In a report released yesterday, Jefferies also maintained a Buy rating on the stock with a HK$19.30 price target.
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Cemex SAB (CX)
Bank of America Securities analyst Carlos Peyrelongue downgraded Cemex SAB to Hold today and set a price target of $9.00. The company’s shares closed last Tuesday at $8.27.
According to TipRanks.com, Peyrelongue is a 3-star analyst with an average return of
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Cemex SAB with a $9.25 average price target, representing a 13.9% upside. In a report issued on April 16, Barclays also maintained a Hold rating on the stock with a $9.00 price target.
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