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Analysts Offer Insights on Materials Companies: Glencore (OtherGLNCY) and Arafura Resources (OtherARAFF)

Tipranks - Tipranks - Fri Apr 3, 12:34AM CDT

There’s a lot to be optimistic about in the Materials sector as 2 analysts just weighed in on Glencore (GLNCY) and Arafura Resources (ARAFF) with bullish sentiments.

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Glencore (GLNCY)

In a report released yesterday, Richard Hatch from Berenberg Bank maintained a Buy rating on Glencore, with a price target of $16.90. The company’s shares closed last Wednesday at $15.00.

According to TipRanks.com, Hatch is a 5-star analyst with an average return of 26.1% and a 59.5% success rate. Hatch covers the Basic Materials sector, focusing on stocks such as Valterra Platinum Limited, Wheaton Precious Metals, and Resolute Mining. ;'>

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Glencore with a $16.90 average price target.

See the top stocks recommended by analysts >>

Arafura Resources (ARAFF)

In a report released yesterday, Reg Spencer from Canaccord Genuity maintained a Buy rating on Arafura Resources, with a price target of A$0.35. The company’s shares closed last Wednesday at $0.22.

According to TipRanks.com, Spencer is a 5-star analyst with an average return of 21.6% and a 54.1% success rate. Spencer covers the Basic Materials sector, focusing on stocks such as Kingsgate Consolidated Limited, Iluka Resources Limited, and Lynas Rare Earths. ;'>

Arafura Resources has an analyst consensus of Moderate Buy, with a price target consensus of $0.24.

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