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Analysts Offer Insights on Materials Companies: Newmont Mining (NEM), Calumet Specialty Products (CLMT) and LANXESS (OtherLNXSF)

Tipranks - Sat Apr 25, 4:58AM CDT

Analysts have been eager to weigh in on the Materials sector with new ratings on Newmont Mining (NEM), Calumet Specialty Products (CLMT) and LANXESS (LNXSF).

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Newmont Mining (NEM)

Bank of America Securities analyst Lawson Winder maintained a Buy rating on Newmont Mining yesterday and set a price target of $151.00. The company’s shares closed last Thursday at $111.06.

According to TipRanks.com, Winder is a 5-star analyst with an average return of 18.4% and a 58.6% success rate. Winder covers the Basic Materials sector, focusing on stocks such as Wheaton Precious Metals, Pan American Silver, and Nexa Resources SA. ;'>

Newmont Mining has an analyst consensus of Strong Buy, with a price target consensus of $154.00, which is a 39.6% upside from current levels. In a report issued on April 15, RBC Capital also maintained a Buy rating on the stock with a $160.00 price target.

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Calumet Specialty Products (CLMT)

Goldman Sachs analyst Neil Mehta downgraded Calumet Specialty Products to Hold today and set a price target of $36.00. The company’s shares closed last Thursday at $32.78.

According to TipRanks.com, Mehta is a 5-star analyst with an average return of 12.1% and a 63.1% success rate. Mehta covers the NA sector, focusing on stocks such as Occidental Petroleum, Par Pacific Holdings, and Marathon Petroleum. ;'>

Calumet Specialty Products has an analyst consensus of Moderate Buy, with a price target consensus of $30.60, which is a -6.8% downside from current levels. In a report issued on April 10, TipRanks – xAI also reiterated a Hold rating on the stock with a $35.00 price target.

LANXESS (LNXSF)

Barclays analyst Anil Shenoy maintained a Sell rating on LANXESS today and set a price target of EUR14.00. The company’s shares closed last Tuesday at $21.49.

According to TipRanks.com, Shenoy is ranked #8572 out of 12209 analysts.

LANXESS has an analyst consensus of Hold, with a price target consensus of $20.34, a -5.3% downside from current levels. In a report issued on April 18, TipRanks – Anthropic also reiterated a Sell rating on the stock with a EUR16.50 price target.

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