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Analysts Offer Insights on Materials Companies: West African Resources Ltd (OtherWFRSF) and BHP Group Ltd (OtherBHPLF)

Tipranks - Thu Mar 19, 7:18PM CDT

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

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West African Resources Ltd (WFRSF)

Canaccord Genuity analyst Paul Howard CFA maintained a Buy rating on West African Resources Ltd on March 17 and set a price target of A$5.70. The company’s shares closed last Wednesday at $1.91.

CFA has an average return of 63.9% when recommending West African Resources Ltd. ;'>

According to TipRanks.com, CFA is ranked #323 out of 12128 analysts.

Currently, the analyst consensus on West African Resources Ltd is a Strong Buy with an average price target of $3.67, representing a 76.4% upside. In a report issued on March 17, Macquarie also maintained a Buy rating on the stock with a A$5.00 price target.

See the top stocks recommended by analysts >>

BHP Group Ltd (BHPLF)

UBS analyst Lachlan Shaw maintained a Hold rating on BHP Group Ltd today and set a price target of A$52.00. The company’s shares closed last Wednesday at $34.29.

According to TipRanks.com, Shaw is a 1-star analyst with an average return of -2.8% and a 51.0% success rate. Shaw covers the Basic Materials sector, focusing on stocks such as Fortescue Metals Group Ltd, Mineral Resources Limited, and Rio Tinto Limited. ;'>

BHP Group Ltd has an analyst consensus of Hold, with a price target consensus of $36.83, implying a 5.2% upside from current levels. In a report issued on March 9, Bernstein also maintained a Hold rating on the stock with a A$34.50 price target.

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