There’s a lot to be optimistic about in the Materials sector as 2 analysts just weighed in on Gold Road Resources Ltd (ELKMF – Research Report) and Rio Tinto Limited (RTNTF – Research Report) with bullish sentiments.
Gold Road Resources Ltd (ELKMF)
In a report released today, Paul Kaner from Ord Minnett maintained a Buy rating on Gold Road Resources Ltd, with a price target of A$1.80. The company’s shares closed last Monday at $0.82, close to its 52-week low of $0.75.
According to TipRanks.com, Kaner ‘s ranking currently consits of 0 on a 0-5 ranking scale, with an average return of
Gold Road Resources Ltd has an analyst consensus of Strong Buy, with a price target consensus of $1.05, representing a 35.8% upside. In a report issued on October 5, UBS also maintained a Buy rating on the stock with a A$1.81 price target.
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Rio Tinto Limited (RTNTF)
In a report released today, Paul McTaggart from Citigroup maintained a Buy rating on Rio Tinto Limited, with a price target of A$115.00. The company’s shares closed last Tuesday at $60.00, close to its 52-week low of $55.36.
According to TipRanks.com, McTaggart is a 5-star analyst with an average return of
Rio Tinto Limited has an analyst consensus of Moderate Buy, with a price target consensus of $64.49, representing a 7.5% upside. In a report issued on October 11, Goldman Sachs also maintained a Buy rating on the stock with a A$113.00 price target.
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Read More on ELKMF:
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- St. Barbara Ltd. (STBMF) Gets a Hold from Citigroup
- Ord Minnett Sticks to Its Hold Rating for St. Barbara Ltd. (STBMF)
- Ord Minnett Sticks to Their Buy Rating for Ramelius Resources Limited (RMLRF)
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