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Analysts Offer Insights on Materials Companies: Evolution Mining (OtherCAHPF) and Nufarm Limited (OtherNUFMF)

Tipranks - Thu Apr 16, 7:18PM CDT

There’s a lot to be optimistic about in the Materials sector as 2 analysts just weighed in on Evolution Mining (CAHPF) and Nufarm Limited (NUFMF) with bullish sentiments.

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Evolution Mining (CAHPF)

Morgans analyst Annabelle Sleeman upgraded Evolution Mining to Buy yesterday and set a price target of A$16.10. The company’s shares closed last Wednesday at $10.70.

According to TipRanks.com, Sleeman is a 3-star analyst with an average return of 4.4% and a 44.7% success rate. Sleeman covers the Basic Materials sector, focusing on stocks such as Sandfire Resources Limited, Mineral Resources Limited, and Pilbara Minerals. ;'>

Evolution Mining has an analyst consensus of Hold, with a price target consensus of $9.95, a -11.2% downside from current levels. In a report issued on April 9, Canaccord Genuity also upgraded the stock to Buy with a A$15.55 price target.

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Nufarm Limited (NUFMF)

In a report released today, Jonathan Snape from Bell Potter maintained a Buy rating on Nufarm Limited, with a price target of A$3.60. The company’s shares closed last Wednesday at $1.55.

According to TipRanks.com, Snape is currently ranked with 0 stars on a 0-5 stars ranking scale, with an average return of -4.5% and a 34.3% success rate. Snape covers the Consumer Goods sector, focusing on stocks such as Graincorp Limited Class A, Woolworths Group Ltd, and a2 Milk Company. ;'>

Nufarm Limited has an analyst consensus of Hold, with a price target consensus of $2.12, implying a 36.8% upside from current levels. In a report released today, Morgans also maintained a Buy rating on the stock with a A$4.05 price target.

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