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Analysts Offer Insights on Materials Companies: FRESNILLO (OtherFNLPF) and West African Resources Ltd (OtherWFRSF)

Tipranks - Tipranks - Tue Apr 14, 2:34AM CDT

There’s a lot to be optimistic about in the Materials sector as 2 analysts just weighed in on FRESNILLO (FNLPF) and West African Resources Ltd (WFRSF) with bullish sentiments.

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FRESNILLO (FNLPF)

In a report released today, Krishan Agarwal from Citi maintained a Buy rating on FRESNILLO, with a price target of £50.00. The company’s shares closed last Friday at $48.30.

Agarwal has an average return of 86.4% when recommending FRESNILLO. ;'>

According to TipRanks.com, Agarwal is ranked #619 out of 12128 analysts.

The word on The Street in general, suggests a Hold analyst consensus rating for FRESNILLO with a $51.50 average price target, implying an 8.4% upside from current levels. In a report issued on April 7, J.P. Morgan also reiterated a Buy rating on the stock with a p5400.00 price target.

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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 April 9 and set a price target of A$6.70. The company’s shares closed last Friday at $2.12.

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 $3.75, implying a 77.3% upside from current levels. In a report issued on March 31, Macquarie also maintained a Buy rating on the stock with a A$4.50 price target.

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