Analysts Offer Insights on Materials Companies: Ramelius Resources Limited (OtherRMLRF) and Emerald Resources NL (OtherEOGSF)
There's a lot to be optimistic about in the Materials sector as 2 analysts just weighed in on Ramelius Resources Limited (RMLRF – Research Report) and Emerald Resources NL (EOGSF – Research Report) with bullish sentiments.
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Ramelius Resources Limited (RMLRF)
In a report issued on April 29, Reg Spencer from Canaccord Genuity maintained a Buy rating on Ramelius Resources Limited, with a price target of A$3.55. The company's shares closed last Wednesday at $1.65.
According to TipRanks.com, Spencer is a 3-star analyst with an average return of 1.0% and a 44.4% success rate. Spencer covers the Basic Materials sector, focusing on stocks such as Kingsgate Consolidated Limited, Iluka Resources Limited, and De Grey Mining Ltd.
Ramelius Resources Limited has an analyst consensus of Strong Buy, with a price target consensus of $1.94, a 21.3% upside from current levels. In a report issued on May 2, J.P. Morgan also initiated coverage with a Buy rating on the stock with a A$3.10 price target.
Canaccord Genuity analyst Paul Howard CFA maintained a Buy rating on Emerald Resources NL on April 29 and set a price target of A$5.95. The company's shares closed last Friday at $2.08.
According to TipRanks.com, CFA is a 1-star analyst with an average return of -3.2% and a 48.4% success rate. CFA covers the Basic Materials sector, focusing on stocks such as Adriatic Metals Shs Chess Deposit Interests Repr 1 Sh, West African Resources Ltd, and Titan Minerals Ltd.
The word on The Street in general, suggests a Hold analyst consensus rating for Emerald Resources NL with a $3.08 average price target.
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