Analysts Offer Insights on Materials Companies: Reliance Steel (RS) and Royal Gold (RGLD)
Analysts have been eager to weigh in on the Materials sector with new ratings on Reliance Steel (RS – Research Report) and Royal Gold (RGLD – Research Report).
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Reliance Steel (RS)
In a report released today, Lawson Winder from Bank of America Securities reiterated a Hold rating on Reliance Steel, with a price target of $330.00. The company’s shares closed last Friday at $290.72.
According to TipRanks.com, Winder is a 5-star analyst with an average return of
Reliance Steel has an analyst consensus of Moderate Buy, with a price target consensus of $331.57.
See the top stocks recommended by analysts >>
Royal Gold (RGLD)
Canaccord Genuity analyst Carey MacRury maintained a Buy rating on Royal Gold on September 12 and set a price target of $237.00. The company’s shares closed last Friday at $189.32.
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 $223.40, implying a 17.6% upside from current levels. In a report issued on September 10, RBC Capital also maintained a Buy rating on the stock with a $230.00 price target.
Read More on RS:
Disclaimer & DisclosureReport an Issue
- Lululemon downgraded, Dick’s Sporting upgraded: Wall Street’s top analyst calls
- Strong Market Position and Growth Potential Justify Buy Rating for Reliance Steel
- Reliance initiated with an Overweight at JPMorgan
- Steel Stocks Slip despite Commerce Dept’s Decision on $2.9B CORE Imports
- Reliance Steel Secures New Term Loan Agreement
