Analysts Offer Insights on Materials Companies: Torex Gold Resources (OtherTORXF), Royal Gold (RGLD) and TRONOX (TROX)
There’s a lot to be optimistic about in the Materials sector as 3 analysts just weighed in on Torex Gold Resources (TORXF – Research Report), Royal Gold (RGLD – Research Report) and TRONOX (TROX – Research Report) with bullish sentiments.
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Torex Gold Resources (TORXF)
In a report released today, Jeremy Hoy from Canaccord Genuity maintained a Buy rating on Torex Gold Resources, with a price target of C$95.00. The company’s shares closed last Wednesday at $42.83.
According to TipRanks.com, Hoy is a top 25 analyst with an average return of
Currently, the analyst consensus on Torex Gold Resources is a Strong Buy with an average price target of $66.47, representing a 55.2% upside. In a report issued on February 4, CIBC also maintained a Buy rating on the stock with a C$100.00 price target.
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Royal Gold (RGLD)
In a report released today, Carey MacRury from Canaccord Genuity maintained a Buy rating on Royal Gold, with a price target of $340.00. The company’s shares closed last Wednesday at $277.77.
According to TipRanks.com, MacRury is a top 100 analyst with an average return of
Currently, the analyst consensus on Royal Gold is a Moderate Buy with an average price target of $303.71, which is a 7.1% upside from current levels. In a report issued on February 9, RBC Capital also maintained a Buy rating on the stock with a $285.00 price target.
TRONOX (TROX)
In a report released today, Pete Osterland from Truist Financial maintained a Buy rating on TRONOX. The company’s shares closed last Wednesday at $7.75, close to its 52-week low of $6.64.
According to TipRanks.com, Osterland is a 5-star analyst with an average return of
Currently, the analyst consensus on TRONOX is a Moderate Buy with an average price target of $6.61, representing a -13.5% downside. In a report released yesterday, Alembic Global also maintained a Buy rating on the stock with a $11.00 price target.
