Analysts’ Opinions Are Mixed on These Materials Stocks: BHP Group Ltd (OtherBHPLF) and Novagold Resources New (NG)
Analysts have been eager to weigh in on the Materials sector with new ratings on BHP Group Ltd (BHPLF – Research Report) and Novagold Resources New (NG – Research Report).
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BHP Group Ltd (BHPLF)
The company’s shares closed last Wednesday at $34.29.
According to TipRanks.com, Fletcher is ranked #2010 out of 12104 analysts.
BHP Group Ltd has an analyst consensus of Hold, with a price target consensus of $34.31, representing a 0.1% upside. In a report issued on February 6, Morgans also maintained a Hold rating on the stock with a A$48.60 price target.
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Novagold Resources New (NG)
BMO Capital analyst Raj Ray resumed coverage with a Buy rating on Novagold Resources New on February 5 and set a price target of C$24.00. The company’s shares closed last Friday at $9.19.
According to TipRanks.com, Ray is a 5-star analyst with an average return of
Currently, the analyst consensus on Novagold Resources New is a Strong Buy with an average price target of $14.00, a 59.3% upside from current levels. In a report issued on January 24, TipRanks – Google also initiated coverage with a Buy rating on the stock with a C$15.50 price target.
