Analysts have been eager to weigh in on the Materials sector with new ratings on LyondellBasell (LYB – Research Report), Eldorado Gold (EGO – Research Report) and Nexa Resources SA (NEXA – Research Report).
LyondellBasell (LYB)
In a report released today, John McNulty from BMO Capital maintained a Hold rating on LyondellBasell, with a price target of $84.00. The company’s shares closed last Monday at $78.46, close to its 52-week low of $71.46.
According to TipRanks.com, McNulty is a 3-star analyst with an average return of
Currently, the analyst consensus on LyondellBasell is a Hold with an average price target of $88.41, which is a 14.8% upside from current levels. In a report released today, Barclays also downgraded the stock to Hold with a $82.00 price target.
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Eldorado Gold (EGO)
In a report released today, Brian Quast from BMO Capital maintained a Buy rating on Eldorado Gold, with a price target of C$16.00. The company’s shares closed last Monday at $5.68, close to its 52-week low of $5.06.
According to TipRanks.com, Quast is a 1-star analyst with an average return of
Currently, the analyst consensus on Eldorado Gold is a Moderate Buy with an average price target of $10.04, implying a 74.0% upside from current levels. In a report issued on October 19, Stifel Nicolaus also maintained a Buy rating on the stock with a C$17.00 price target.
Nexa Resources SA (NEXA)
In a report released today, Jackie Przybylowski from BMO Capital maintained a Hold rating on Nexa Resources SA, with a price target of $8.00. The company’s shares closed last Monday at $5.21, close to its 52-week low of $4.82.
According to TipRanks.com, Przybylowski is a 4-star analyst with an average return of
Nexa Resources SA has an analyst consensus of Hold, with a price target consensus of $8.52, a 68.4% upside from current levels. In a report issued on October 25, J.P. Morgan also maintained a Hold rating on the stock with a $8.50 price target.
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