Analysts Conflicted on These Materials Names: Gold Fields (GFI), OceanaGold (OtherOCANF) and IAMGOLD (IAG)
Analysts have been eager to weigh in on the Materials sector with new ratings on Gold Fields (GFI – Research Report), OceanaGold (OCANF – Research Report) and IAMGOLD (IAG – Research Report).
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Gold Fields (GFI)
In a report issued on May 7, Raj Ray from BMO Capital maintained a Hold rating on Gold Fields, with a price target of $20.00. The company's shares closed last Friday at $23.09.
According to TipRanks.com, Ray is a 5-star analyst with an average return of 24.1% and a 71.5% success rate. Ray covers the Basic Materials sector, focusing on stocks such as Anglogold Ashanti PLC, Sibanye Stillwater, and Centerra Gold.
Gold Fields has an analyst consensus of Moderate Buy, with a price target consensus of $21.89, implying a -4.8% downside from current levels. In a report issued on May 7, Scotiabank also maintained a Hold rating on the stock with a $23.00 price target.
OceanaGold (OCANF)
BMO Capital analyst Brian Quast maintained a Buy rating on OceanaGold on May 7 and set a price target of C$6.50. The company's shares closed last Friday at $4.38.
According to TipRanks.com, Quast is a 5-star analyst with an average return of 15.0% and a 58.0% success rate. Quast covers the Basic Materials sector, focusing on stocks such as Northern Star Resources Ltd, Evolution Mining, and Eldorado Gold.
Currently, the analyst consensus on OceanaGold is a Strong Buy with an average price target of $4.91, implying a 13.9% upside from current levels. In a report issued on April 22, Jefferies also maintained a Buy rating on the stock with a C$6.00 price target.
IAMGOLD (IAG)
In a report issued on May 7, Matt Murphy from BMO Capital maintained a Buy rating on IAMGOLD, with a price target of C$12.00. The company's shares closed last Friday at $6.73.
According to TipRanks.com, Murphy is a 5-star analyst with an average return of 20.3% and a 69.1% success rate. Murphy covers the Basic Materials sector, focusing on stocks such as Wheaton Precious Metals, First Quantum Minerals, and Pan American Silver.
Currently, the analyst consensus on IAMGOLD is a Moderate Buy with an average price target of $8.51, which is a 25.1% upside from current levels. In a report issued on May 7, Bank of America Securities also maintained a Buy rating on the stock.
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