Analysts' Opinions Are Mixed on These Materials Stocks: Barrick Mining (B), TRONOX (TROX) and Methanex (MEOH)
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Barrick Mining (B)
In a report released today, Mark Palmer from Benchmark Co. initiated coverage with a Buy rating on Barrick Mining. The company's shares closed last Friday at $20.46, close to its 52-week high of $21.35.
According to TipRanks.com, Palmer is ranked #692 out of 9653 analysts.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Barrick Mining with a $25.37 average price target, which is a 22.7% upside from current levels. In a report issued on June 17, Stifel Nicolaus also maintained a Buy rating on the stock with a C$37.00 price target.
TRONOX (TROX)
In a report released today, Jeffrey Zekauskas from J.P. Morgan maintained a Buy rating on TRONOX, with a price target of $7.00. The company's shares closed last Friday at $5.64.
According to TipRanks.com, Zekauskas is a 4-star analyst with an average return of 4.5% and a 56.1% success rate. Zekauskas covers the Basic Materials sector, focusing on stocks such as International Flavors & Fragrances, Scotts Miracle-Gro Company, and Air Products and Chemicals. ;'>
Currently, the analyst consensus on TRONOX is a Moderate Buy with an average price target of $8.25.
Methanex (MEOH)
RBC Capital analyst Nelson Ng maintained a Hold rating on Methanex today and set a price target of $50.00. The company's shares closed last Friday at $34.14.
According to TipRanks.com, Ng is a 4-star analyst with an average return of 7.6% and a 60.7% success rate. Ng covers the Utilities sector, focusing on stocks such as Brookfield Renewable Partners, Algonquin Power & Utilities, and Northland Power. ;'>
Currently, the analyst consensus on Methanex is a Moderate Buy with an average price target of $44.15.
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