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Analysts Are Bullish on Top Materials Stocks: Resolute Mining (RMGGF), Sherwin-Williams Company (SHW)

Tipranks - Fri Jun 12, 3:40AM CDT

There’s a lot to be optimistic about in the Materials sector as 2 analysts just weighed in on Resolute Mining (RMGGF) and Sherwin-Williams Company (SHW) with bullish sentiments.

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Resolute Mining (RMGGF)

In a report released yesterday, Reg Spencer from Canaccord Genuity maintained a Buy rating on Resolute Mining, with a price target of A$3.05. The company’s shares closed last Wednesday at $0.72.

According to TipRanks.com, Spencer is a 5-star analyst with an average return of 16.2% and a 50.6% success rate. Spencer covers the Basic Materials sector, focusing on stocks such as Kingsgate Consolidated Limited, Iluka Resources Limited, and Arafura Resources. ;'>

Resolute Mining has an analyst consensus of Strong Buy, with a price target consensus of $1.59, representing an 112.0% upside. In a report issued on June 9, Macquarie also maintained a Buy rating on the stock with a A$1.80 price target.

See the top stocks recommended by analysts >>

Sherwin-Williams Company (SHW)

In a report released yesterday, Patrick Cunningham from Citi reiterated a Buy rating on Sherwin-Williams Company. The company’s shares closed last Wednesday at $303.91.

According to TipRanks.com, Cunningham is a 3-star analyst with an average return of 2.1% and a 51.8% success rate. Cunningham covers the Basic Materials sector, focusing on stocks such as International Flavors & Fragrances, Air Products and Chemicals, and Axalta Coating Systems. ;'>

Currently, the analyst consensus on Sherwin-Williams Company is a Moderate Buy with an average price target of $371.20, implying a 19.7% upside from current levels. In a report issued on June 9, TipRanks – OpenAI also upgraded the stock to Buy with a $330.00 price target.

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