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Analysts’ Top Materials Picks: Northern Star Resources Ltd (NESRF), Elevra Lithium (SYAXF)

Tipranks - Tipranks - Wed Jun 3, 6:52PM CDT

There’s a lot to be optimistic about in the Materials sector as 2 analysts just weighed in on Northern Star Resources Ltd (NESRF) and Elevra Lithium (SYAXF) with bullish sentiments.

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Northern Star Resources Ltd (NESRF)

Citi analyst Jack Whelan maintained a Buy rating on Northern Star Resources Ltd today and set a price target of A$29.70. The company’s shares closed last Tuesday at $15.58.

According to TipRanks.com, Whelan is a 1-star analyst with an average return of -6.0% and a 45.0% success rate. Whelan covers the Basic Materials sector, focusing on stocks such as Regis Resources Limited, Evolution Mining, and Capstone Copper. ;'>

Currently, the analyst consensus on Northern Star Resources Ltd is a Moderate Buy with an average price target of $19.89, representing a 31.7% upside. In a report issued on May 21, Macquarie also maintained a Buy rating on the stock with a A$25.00 price target.

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Elevra Lithium (SYAXF)

In a report issued on May 29, Reg Spencer from Canaccord Genuity maintained a Buy rating on Elevra Lithium, with a price target of A$18.30. The company’s shares closed last Tuesday at $8.95.

According to TipRanks.com, Spencer is a 5-star analyst with an average return of 22.1% and a 55.3% success rate. Spencer covers the Basic Materials sector, focusing on stocks such as Kingsgate Consolidated Limited, Iluka Resources Limited, and Lynas Rare Earths. ;'>

Elevra Lithium has an analyst consensus of Moderate Buy, with a price target consensus of $10.73, which is a 29.3% upside from current levels. In a report issued on May 18, BMO Capital also maintained a Buy rating on the stock with a A$15.00 price target.

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