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.
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
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.
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Emerald Resources NL (EOGSF)
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
The word on The Street in general, suggests a Hold analyst consensus rating for Emerald Resources NL with a $3.08 average price target.
Read More on RMLRF:
- Dimensional Entities Ceases Substantial Holding in Ramelius Resources
- Ramelius Resources Reports March 2025 Quarterly Results
- Ramelius Resources Reports Record Cash Flow and Announces Merger with Spartan
- Ramelius Resources to Release March 2025 Quarterly Report and Host Investor Call
- Ramelius Resources Issues Performance Rights to Employees
