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Analysts Offer Insights on Materials Companies: Nutrien (NTR) and Barrick Mining (B)

Tipranks - Tue Apr 7, 10:26AM CDT

There’s a lot to be optimistic about in the Materials sector as 2 analysts just weighed in on Nutrien (NTR) and Barrick Mining (B) with bullish sentiments.

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Nutrien (NTR)

CIBC analyst Hamir Patel maintained a Buy rating on Nutrien today and set a price target of $90.00. The company’s shares closed last Monday at $74.78.

According to TipRanks.com, Patel is a 5-star analyst with an average return of 16.0% and a 57.2% success rate. Patel covers the Basic Materials sector, focusing on stocks such as Cf Industries Holdings, Mercer International, and Stella-Jones. ;'>

Nutrien has an analyst consensus of Moderate Buy, with a price target consensus of $80.29.

See the top stocks recommended by analysts >>

Barrick Mining (B)

Bank of America Securities analyst Lawson Winder maintained a Buy rating on Barrick Mining today. The company’s shares closed last Monday at $41.04.

According to TipRanks.com, Winder is a 5-star analyst with an average return of 17.7% and a 58.2% success rate. Winder covers the Basic Materials sector, focusing on stocks such as Wheaton Precious Metals, Pan American Silver, and Nexa Resources SA. ;'>

Currently, the analyst consensus on Barrick Mining is a Strong Buy with an average price target of $59.77, implying a 43.7% upside from current levels. In a report issued on April 1, Raymond James also maintained a Buy rating on the stock with a $61.00 price target.

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