Analysts Offer Insights on Materials Companies: Evolution Mining (OtherCAHPF) and Nufarm Limited (OtherNUFMF)
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
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
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.
Read More on CAHPF:
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- Evolution Mining upgraded to Buy from Hold at Canaccord
- Evolution Mining Seeks ASX Quotation for New Dividend Plan Shares
- Evolution Mining Reports Lapse of 1.37 Million Performance Rights
- Evolution Mining Issues New Unquoted Performance Rights Under Incentive Plan
- Evolution Mining Sets 15 April Release and Briefing for March Quarter Results
