Analysts Offer Insights on Materials Companies: Fortescue Metals Group Ltd (OtherFSUMF) and Regis Resources Limited (OtherRGRNF)
Companies in the Materials sector have received a lot of coverage today as analysts weigh in on Fortescue Metals Group Ltd (FSUMF – Research Report) and Regis Resources Limited (RGRNF – Research Report).
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Fortescue Metals Group Ltd (FSUMF)
Bell Potter analyst David Coates maintained a Hold rating on Fortescue Metals Group Ltd today and set a price target of A$20.30. The company’s shares closed last Friday at $15.01.
According to TipRanks.com, Coates is a 5-star analyst with an average return of
Currently, the analyst consensus on Fortescue Metals Group Ltd is a Moderate Sell with an average price target of $14.20, which is a -5.3% downside from current levels. In a report issued on January 18, RBC Capital also maintained a Hold rating on the stock with a A$23.00 price target.
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Regis Resources Limited (RGRNF)
Citi analyst Jack Whelan maintained a Sell rating on Regis Resources Limited today and set a price target of A$7.50. The company’s shares closed last Monday at $5.67.
According to TipRanks.com, Whelan has 0 stars on 0-5 stars ranking scale with an average return of
The word on The Street in general, suggests a Hold analyst consensus rating for Regis Resources Limited with a $5.38 average price target.
