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Analysts Offer Insights on Materials Companies: Nufarm Limited (OtherNUFMF) and B2Gold (BTG)

Tipranks - Thu Apr 16, 9:10PM CDT

Analysts fell to the sidelines weighing in on Nufarm Limited (NUFMF) and B2Gold (BTG) with neutral ratings, indicating that the experts are neither bullish nor bearish on the stocks.

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Nufarm Limited (NUFMF)

In a report released yesterday, Owen Birrell from RBC Capital maintained a Hold rating on Nufarm Limited, with a price target of A$3.40. The company’s shares closed last Wednesday at $1.55.

According to TipRanks.com, Birrell is a 4-star analyst with an average return of 6.3% and a 56.8% success rate. Birrell covers the Industrial Goods sector, focusing on stocks such as Cleanaway Waste Management, Qantas Airways Limited, and Aurizon Holdings. ;'>

Currently, the analyst consensus on Nufarm Limited is a Moderate Buy with an average price target of $2.25, representing a 45.2% upside. In a report released yesterday, Jefferies also maintained a Hold rating on the stock with a A$2.66 price target.

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B2Gold (BTG)

In a report released yesterday, Josh Wolfson from RBC Capital maintained a Hold rating on B2Gold, with a price target of $6.50. The company’s shares closed last Wednesday at $4.92.

According to TipRanks.com, Wolfson is a top 100 analyst with an average return of 24.7% and a 68.7% success rate. Wolfson covers the Basic Materials sector, focusing on stocks such as Wheaton Precious Metals, Novagold Resources New, and Anglogold Ashanti PLC. ;'>

The word on The Street in general, suggests a Hold analyst consensus rating for B2Gold with a $6.96 average price target, which is a 41.8% upside from current levels. In a report issued on April 2, TipRanks – Google also downgraded the stock to Hold with a C$7.00 price target.

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