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Analysts Offer Insights on Materials Companies: BHP Group Ltd (OtherBHPLF) and Northern Star Resources Ltd (OtherNESRF)

Tipranks - Tue Apr 14, 12:42AM CDT

Companies in the Materials sector have received a lot of coverage today as analysts weigh in on BHP Group Ltd (BHPLF) and Northern Star Resources Ltd (NESRF).

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BHP Group Ltd (BHPLF)

In a report released today, Adrian Prendergast from Morgans maintained a Hold rating on BHP Group Ltd, with a price target of A$53.80. The company’s shares closed last Friday at $38.76.

Prendergast has an average return of 22.0% when recommending BHP Group Ltd. ;'>

According to TipRanks.com, Prendergast is ranked #476 out of 12128 analysts.

BHP Group Ltd has an analyst consensus of Hold, with a price target consensus of $36.25, a -7.1% downside from current levels. In a report issued on April 1, Berenberg Bank also upgraded the stock to Hold with a p2500.00 price target.

See the top stocks recommended by analysts >>

Northern Star Resources Ltd (NESRF)

In a report released yesterday, Jack Whelan from Citi maintained a Buy rating on Northern Star Resources Ltd, with a price target of A$29.70. The company’s shares closed last Friday at $17.64.

According to TipRanks.com, Whelan is a 1-star analyst with an average return of -10.1% and a 31.3% success rate. Whelan covers the Basic Materials sector, focusing on stocks such as Regis Resources Limited, Pilbara Minerals, and Evolution Mining. ;'>

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Northern Star Resources Ltd with a $19.54 average price target, which is a 14.9% upside from current levels. In a report issued on March 30, UBS also upgraded the stock to Buy with a A$24.70 price target.

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