Analysts Offer Insights on Materials Companies: Reliance Steel (RS) and Nine Mile Metals Ltd (OtherVMSXF)
Analysts have been eager to weigh in on the Materials sector with new ratings on Reliance Steel (RS) and Nine Mile Metals Ltd (VMSXF).
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Reliance Steel (RS)
Goldman Sachs analyst Nick Cash maintained a Hold rating on Reliance Steel yesterday and set a price target of $300.00. The company’s shares closed last Thursday at $346.51.
According to TipRanks.com, Cash is a 2-star analyst with an average return of
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Reliance Steel with a $332.29 average price target, a -7.7% downside from current levels. In a report released yesterday, Bank of America Securities also reiterated a Hold rating on the stock with a $355.00 price target.
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Nine Mile Metals Ltd (VMSXF)
In a report issued on April 21, Siddharth Rajeev from Fundamental Research initiated coverage with a Buy rating on Nine Mile Metals Ltd and a price target of C$0.32. The company’s shares closed last Thursday at $0.06.
According to TipRanks.com, Rajeev is a 5-star analyst with an average return of
Currently, the analyst consensus on Nine Mile Metals Ltd is a Moderate Buy with an average price target of $0.23.
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