Skip to main content
This section contains press releases and other materials from third parties (including paid content). The Globe and Mail has not reviewed this content. Please see disclaimer.

Analysts Offer Insights on Materials Companies: Harmony Gold Mining (HMY), Steel Dynamics (STLD) and Westlake Corporation (WLK)

Tipranks - Sat Mar 14, 6:42AM CDT

Companies in the Materials sector have received a lot of coverage today as analysts weigh in on Harmony Gold Mining (HMYResearch Report), Steel Dynamics (STLDResearch Report) and Westlake Corporation (WLKResearch Report).

Claim 70% Off TipRanks Premium

Harmony Gold Mining (HMY)

BMO Capital analyst Raj Ray maintained a Hold rating on Harmony Gold Mining today and set a price target of $24.00. The company’s shares closed last Thursday at $15.97.

According to TipRanks.com, Ray is a 5-star analyst with an average return of 34.8% and a 72.6% success rate. Ray covers the Basic Materials sector, focusing on stocks such as Sayona Mining Limited Unsponsored ADR, Novagold Resources New, and Sibanye Stillwater. ;'>

Currently, the analyst consensus on Harmony Gold Mining is a Hold with an average price target of $24.00, implying a 44.1% upside from current levels. In a report released today, TipRanks – xAI also downgraded the stock to Hold with a $17.50 price target.

See today’s best-performing stocks on TipRanks >>

Steel Dynamics (STLD)

In a report released yesterday, Lawson Winder from Bank of America Securities maintained a Hold rating on Steel Dynamics. The company’s shares closed last Thursday at $175.10.

According to TipRanks.com, Winder is a 5-star analyst with an average return of 19.1% and a 59.4% success rate. Winder covers the Basic Materials sector, focusing on stocks such as Wheaton Precious Metals, Pan American Silver, and Nexa Resources SA. ;'>

Steel Dynamics has an analyst consensus of Moderate Buy, with a price target consensus of $195.67, a 8.0% upside from current levels. In a report issued on February 25, TipRanks – OpenAI also downgraded the stock to Hold with a $215.00 price target.

Westlake Corporation (WLK)

Westlake Corporation received a Buy rating and a $110.00 price target from Wells Fargo analyst Michael Sison today. The company’s shares closed last Thursday at $114.22.

According to TipRanks.com, Sison is a 1-star analyst with an average return of -1.3% and a 41.8% success rate. Sison covers the Basic Materials sector, focusing on stocks such as International Flavors & Fragrances, Air Products and Chemicals, and Sherwin-Williams Company. ;'>

Westlake Corporation has an analyst consensus of Moderate Buy, with a price target consensus of $112.31, a 4.7% upside from current levels. In a report issued on March 5, BMO Capital also upgraded the stock to Buy with a $127.00 price target.

Disclaimer & DisclosureReport an Issue

This article contains syndicated content. We have not reviewed, approved, or endorsed the content, and may receive compensation for placement of the content on this site. For more information please view the Barchart Disclosure Policy here.