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Analysts’ Top Materials Picks: Resolute Mining (RMGGF), LyondellBasell (LYB)

Tipranks - Sat Jun 6, 12:44PM CDT

There’s a lot to be optimistic about in the Materials sector as 3 analysts just weighed in on Resolute Mining (RMGGF), LyondellBasell (LYB) and Tanzanian Royalty Exploration (TRX) with bullish sentiments.

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Resolute Mining (RMGGF)

In a report released today, Richard Hatch from Berenberg Bank reiterated a Buy rating on Resolute Mining, with a price target of p107.00. The company’s shares closed last Friday at $0.75.

According to TipRanks.com, Hatch is a 5-star analyst with an average return of 26.5% and a 61.5% success rate. Hatch covers the Basic Materials sector, focusing on stocks such as Valterra Platinum Limited, Wheaton Precious Metals, and Anglo American. ;'>

Resolute Mining has an analyst consensus of Strong Buy, with a price target consensus of $1.61.

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LyondellBasell (LYB)

Wells Fargo analyst Michael Sison maintained a Buy rating on LyondellBasell yesterday and set a price target of $98.00. The company’s shares closed last Friday at $64.38.

According to TipRanks.com, Sison is a 1-star analyst with an average return of -1.1% and a 42.0% success rate. Sison covers the Basic Materials sector, focusing on stocks such as International Flavors & Fragrances, Air Products and Chemicals, and Sherwin-Williams Company. ;'>

The word on The Street in general, suggests a Hold analyst consensus rating for LyondellBasell with a $79.73 average price target, a 21.3% upside from current levels. In a report issued on May 26, Citi also assigned a Buy rating to the stock with a $80.00 price target.

Tanzanian Royalty Exploration (TRX)

In a report released today, Jake Sekelsky from Alliance Global Partners reiterated a Buy rating on Tanzanian Royalty Exploration, with a price target of $2.50. The company’s shares closed last Friday at $1.01.

According to TipRanks.com, Sekelsky is a 5-star analyst with an average return of 32.5% and a 51.7% success rate. Sekelsky covers the Basic Materials sector, focusing on stocks such as TMC the metals company Inc., United States Antimony, and Paramount Gold Nevada. ;'>

The word on The Street in general, suggests a Strong Buy analyst consensus rating for Tanzanian Royalty Exploration with a $2.35 average price target.

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