Analysts Offer Insights on Materials Companies: Westgold Resources (OtherWGXRF) and Bluescope Steel (OtherBLSFF)
Confident Investing Starts Here:
Westgold Resources (WGXRF)
Petra Capital analyst David Brennan maintained a Buy rating on Westgold Resources yesterday and set a price target of A$4.74. The company's shares closed last Wednesday at $1.90.
Brennan has an average return of 18.4% when recommending Westgold Resources.
According to TipRanks.com, Brennan is ranked #3734 out of 9653 analysts.
Westgold Resources has an analyst consensus of Strong Buy, with a price target consensus of $2.66, a 39.9% upside from current levels. In a report issued on June 23, Canaccord Genuity also maintained a Buy rating on the stock with a A$4.40 price target.
Bluescope Steel (BLSFF)
Citi analyst Paul McTaggart maintained a Hold rating on Bluescope Steel today and set a price target of A$25.00. The company's shares closed last Monday at $15.07.
According to TipRanks.com, McTaggart is a 4-star analyst with an average return of 8.9% and a 53.6% success rate. McTaggart covers the Basic Materials sector, focusing on stocks such as Fortescue Metals Group Ltd, Sandfire Resources Limited, and Iluka Resources Limited.
The word on The Street in general, suggests a Strong Buy analyst consensus rating for Bluescope Steel with a $17.93 average price target.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Business Insider
14 hours ago
- Business Insider
Analysts Offer Insights on Financial Companies: Robinhood (HOOD) and Coinbase Global (COIN)
Companies in the Financial sector have received a lot of coverage today as analysts weigh in on Robinhood (HOOD – Research Report) and Coinbase Global (COIN – Research Report). Elevate Your Investing Strategy: Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence. Robinhood (HOOD) In a report issued on August 1, Craig Siegenthaler from Bank of America Securities maintained a Buy rating on Robinhood, with a price target of $119.00. The company's shares closed last Friday at $99.90. According to Siegenthaler is a top 100 analyst with an average return of 18.8% and a 64.0% success rate. Siegenthaler covers the Financial sector, focusing on stocks such as Intercontinental Exchange, Apollo Global Management, and Victory Capital Holdings. Robinhood has an analyst consensus of Moderate Buy, with a price target consensus of $108.06, which is a 10.5% upside from current levels. In a report issued on July 17, TR | OpenAI – 4o also upgraded the stock to Buy with a $118.00 price target. Coinbase Global (COIN) Coinbase Global received a Sell rating and a $248.00 price target from Compass Point analyst Ed Engel today. The company's shares closed last Friday at $314.69. Engel has an average return of 0.8% when recommending Coinbase Global. According to Engel is ranked #8697 out of 9897 analysts. Currently, the analyst consensus on Coinbase Global is a Moderate Buy with an average price target of $387.97, implying a 15.8% upside from current levels. In a report issued on August 1, H.C. Wainwright also reiterated a Sell rating on the stock with a $300.00 price target.
Bloomberg
18 hours ago
- Bloomberg
BlueScope Leads Green Steel Push With Bid For Whyalla Steelworks
BlueScope Steel Ltd. said it will lead an international consortium to bid for the beleaguered Whyalla steelworks in South Australia, investigating the possibility of converting the site into a low-carbon steel manufacturing hub. Venture partners include South Korean steel giant POSCO Holdings Inc., Japan's Nippon Steel Corp. and Indian multinational JSW Steel Ltd., BlueScope said in a statement on Monday. The consortium has submitted a non-binding, indicative expression of interest outlining possible options for the Whyalla assets.
Yahoo
18 hours ago
- Yahoo
Australia's BlueScope leads global steel giants in push for Gupta's Whyalla plant
(Reuters) -Australia's BlueScope Steel said on Monday it has assembled a heavyweight consortium of global steelmakers to bid for Sanjeev Gupta's troubled Whyalla Steelworks, over a month after the local government formally opened a sale process. The group — comprising Japan's Nippon Steel, India's JSW Steel, and South Korea's POSCO — brings a combined market value of A$115 billion ($74.4 billion), and is eyeing the South Australian plant as a future hub for low-emissions iron production for domestic and export markets. The consortium has lodged a non-binding expression of interest but has yet to submit a formal bid. Whyalla Steelworks was placed in administration in February, after its operating company collapsed under tens of millions in debt. The Australian and South Australian governments stepped in with a joint A$1.9 billion rescue package to safeguard local jobs and preserve a key piece of industrial infrastructure. Australia formally opened the sale process in June, citing strong global interest from companies seeking a foothold in the emerging green steel economy. Gupta's family conglomerate, GFG Alliance, was not immediately reachable for a Reuters request for comment. ($1 = 1.5466 Australian dollars)
