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Analysts Offer Insights on Materials Companies: Develop Global Limited (OtherVTEXF) and FRESNILLO (OtherFNLPF)

Tipranks - Tipranks - Fri Apr 24, 6:50PM CDT

Analysts have been eager to weigh in on the Materials sector with new ratings on Develop Global Limited (VTEXF) and FRESNILLO (FNLPF).

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Develop Global Limited (VTEXF)

Bell Potter analyst Joseph House maintained a Buy rating on Develop Global Limited today and set a price target of A$6.60. The company’s shares closed last Wednesday at $3.66.

House has an average return of 89.2% when recommending Develop Global Limited. ;'>

According to TipRanks.com, House is ranked #432 out of 12212 analysts.

Currently, the analyst consensus on Develop Global Limited is a Moderate Buy with an average price target of $4.47, implying a 78.8% upside from current levels. In a report issued on April 12, TipRanks – xAI also upgraded the stock to Buy with a A$6.00 price target.

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FRESNILLO (FNLPF)

Berenberg Bank analyst Richard Hatch reiterated a Hold rating on FRESNILLO today and set a price target of p3400.00. The company’s shares closed last Thursday at $45.27.

According to TipRanks.com, Hatch is a top 100 analyst with an average return of 27.8% and a 62.4% success rate. Hatch covers the Basic Materials sector, focusing on stocks such as Valterra Platinum Limited, Wheaton Precious Metals, and Resolute Mining. ;'>

Currently, the analyst consensus on FRESNILLO is a Hold with an average price target of $53.36, representing a 13.5% upside. In a report released today, Barclays also maintained a Hold rating on the stock with a £37.75 price target.

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