Analysts Offer Insights on Materials Companies: Hecla Mining Company (HL), Nexa Resources SA (NEXA) and Anglogold Ashanti PLC (AU)
Analysts have been eager to weigh in on the Materials sector with new ratings on Hecla Mining Company (HL – Research Report), Nexa Resources SA (NEXA – Research Report) and Anglogold Ashanti PLC (AU – Research Report).
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Hecla Mining Company (HL)
In a report issued on May 5, Michael Siperco from RBC Capital maintained a Buy rating on Hecla Mining Company, with a price target of $6.00. The company's shares closed last Wednesday at $4.88, close to its 52-week low of $4.41.
According to TipRanks.com, Siperco is a 5-star analyst with an average return of 17.3% and a 59.0% success rate. Siperco covers the Basic Materials sector, focusing on stocks such as Novagold Resources New, Torex Gold Resources, and Pan American Silver.
Hecla Mining Company has an analyst consensus of Moderate Buy, with a price target consensus of $6.75, representing a 39.2% upside. In a report issued on May 2, Roth MKM also maintained a Buy rating on the stock with a $6.00 price target.
Nexa Resources SA (NEXA)
RBC Capital analyst Sam Crittenden maintained a Hold rating on Nexa Resources SA yesterday and set a price target of $8.00. The company's shares closed last Wednesday at $5.15, close to its 52-week low of $5.04.
According to TipRanks.com, Crittenden is a 5-star analyst with an average return of 16.4% and a 54.3% success rate. Crittenden covers the Basic Materials sector, focusing on stocks such as First Quantum Minerals, Solaris Resources, and Warrior Met Coal.
The word on The Street in general, suggests a Moderate Sell analyst consensus rating for Nexa Resources SA with a $6.21 average price target, a 15.1% upside from current levels. In a report issued on April 29, BMO Capital also maintained a Hold rating on the stock with a $6.00 price target.
Anglogold Ashanti PLC (AU)
In a report issued on May 5, Josh Wolfson from RBC Capital maintained a Buy rating on Anglogold Ashanti PLC, with a price target of $41.00. The company's shares closed last Wednesday at $43.68.
According to TipRanks.com, Wolfson is a 5-star analyst with an average return of 9.8% and a 66.7% success rate. Wolfson covers the Basic Materials sector, focusing on stocks such as Wheaton Precious Metals, Osisko Gold Royalties, and Sandstorm Gold.
Anglogold Ashanti PLC has an analyst consensus of Moderate Buy, with a price target consensus of $42.20, implying a -1.7% downside from current levels. In a report issued on April 27, J.P. Morgan also maintained a Buy rating on the stock with a $53.00 price target.
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These forward-looking statements or forecasts involve known and unknown risks, uncertainties and other factors that may cause AngloGold Ashanti's actual results, performance, actions or achievements to differ materially from the anticipated results, performance, actions or achievements expressed or implied in these forward-looking statements. Although AngloGold Ashanti believes that the expectations reflected in such forward-looking statements and forecasts are reasonable, no assurance can be given that such expectations will prove to have been correct. Accordingly, results, performance, actions or achievements could differ materially from those set out in the forward-looking statements as a result of, among other factors, changes in economic, social, political and market conditions, including related to inflation or international conflicts, the success of business and operating initiatives, changes in the regulatory environment and other government actions, including environmental approvals, fluctuations in gold prices and exchange rates, the outcome of pending or future litigation proceedings, any supply chain disruptions, any public health crises, pandemics or epidemics (including the COVID-19 pandemic), the failure to maintain effective internal control over financial reporting or effective disclosure controls and procedures, the inability to remediate one or more material weaknesses, or the discovery of additional material weaknesses, in the Company's internal control over financial reporting, and other business and operational risks and challenges and other factors, including mining accidents. For a discussion of such risk factors, refer to AngloGold Ashanti's annual report on Form 20-F for the financial year ended 31 December 2024 filed with the United States Securities and Exchange Commission (SEC). These factors are not necessarily all of the important factors that could cause AngloGold Ashanti's actual results, performance, actions or achievements to differ materially from those expressed in any forward-looking statements. Other unknown or unpredictable factors could also have material adverse effects on AngloGold Ashanti's future results, performance, actions or achievements. Consequently, readers are cautioned not to place undue reliance on forward-looking statements. AngloGold Ashanti undertakes no obligation to update publicly or release any revisions to these forward-looking statements to reflect events or circumstances after the date hereof or to reflect the occurrence of unanticipated events, except to the extent required by applicable law. All subsequent written or oral forward-looking statements attributable to AngloGold Ashanti or any person acting on its behalf are qualified by the cautionary statements herein. View source version on Contacts Media Andrea Maxey+61 08 9425 4603 / +61 400 072 199amaxey@ General inquiriesmedia@ Investors Andrea Maxey+61 08 9425 4603 / +61 400 072 199amaxey@ Yatish Chowthee+27 11 637 6273 / +27 78 364 2080yrchowthee@ Website:
