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Analysts’ Opinions Are Mixed on These Materials Stocks: Compass Minerals International (CMP), TRONOX (TROX) and Gold Royalty (GROY)

Tipranks - Sat May 9, 8:44AM CDT

Companies in the Materials sector have received a lot of coverage today as analysts weigh in on Compass Minerals International (CMP), TRONOX (TROX) and Gold Royalty (GROY).

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Compass Minerals International (CMP)

BMO Capital analyst Joel Jackson reiterated a Hold rating on Compass Minerals International today and set a price target of $25.00. The company’s shares closed last Friday at $28.41.

According to TipRanks.com, Jackson is a 5-star analyst with an average return of 15.4% and a 60.6% success rate. Jackson covers the Basic Materials sector, focusing on stocks such as Sociedad Quimica Y Minera SA, Cf Industries Holdings, and Lithium Americas Corp. ;'>

Currently, the analyst consensus on Compass Minerals International is a Moderate Sell with an average price target of $22.50, which is a -20.3% downside from current levels. In a report released yesterday, TipRanks – Google also downgraded the stock to Hold with a $29.00 price target.

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TRONOX (TROX)

BMO Capital analyst John McNulty maintained a Hold rating on TRONOX today and set a price target of $11.00. The company’s shares closed last Friday at $8.78, close to its 52-week low of $6.64.

According to TipRanks.com, McNulty is a 4-star analyst with an average return of 4.6% and a 51.0% success rate. McNulty covers the Basic Materials sector, focusing on stocks such as Air Products and Chemicals, Sherwin-Williams Company, and Axalta Coating Systems. ;'>

The word on The Street in general, suggests a Hold analyst consensus rating for TRONOX with a $8.14 average price target, a -3.3% downside from current levels. In a report released yesterday, Fermium Research also downgraded the stock to Hold with a $9.00 price target.

Gold Royalty (GROY)

BMO Capital analyst Rene Cartier maintained a Buy rating on Gold Royalty yesterday and set a price target of $5.00. The company’s shares closed last Friday at $3.66.

According to TipRanks.com, Cartier is a 5-star analyst with an average return of 29.7% and a 62.6% success rate. Cartier covers the Basic Materials sector, focusing on stocks such as Metalla Royalty & Streaming, Capstone Copper, and Western Copper. ;'>

Currently, the analyst consensus on Gold Royalty is a Strong Buy with an average price target of $6.19, a 71.9% upside from current levels. In a report issued on April 29, Canaccord Genuity also upgraded the stock to Buy with a $5.00 price target.

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