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Analysts Offer Insights on Materials Companies: Royal Gold (RGLD), DuPont de Nemours (DD) and Canfor (OtherCFPZF)

There’s a lot to be optimistic about in the Materials sector as 3 analysts just weighed in on Royal Gold (RGLDResearch Report), DuPont de Nemours (DDResearch Report) and Canfor (CFPZFResearch Report) with bullish sentiments.

Royal Gold (RGLD)

In a report issued on October 17, Josh Wolfson from RBC Capital maintained a Buy rating on Royal Gold, with a price target of $150.00. The company’s shares closed last Wednesday at $90.80, close to its 52-week low of $84.54.

According to TipRanks.com, Wolfson is a 1-star analyst with an average return of -3.4% and a 41.0% success rate. Wolfson covers the Basic Materials sector, focusing on stocks such as Wheaton Precious Metals, Osisko Gold Royalties, and Anglogold Ashanti.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Royal Gold with a $134.14 average price target.

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DuPont de Nemours (DD)

In a report issued on October 18, Arun Viswanathan from RBC Capital maintained a Buy rating on DuPont de Nemours, with a price target of $64.00. The company’s shares closed last Wednesday at $54.10, close to its 52-week low of $49.52.

According to TipRanks.com, Viswanathan is a 4-star analyst with an average return of 3.6% and a 54.5% success rate. Viswanathan covers the Basic Materials sector, focusing on stocks such as Sherwin-Williams Company, Axalta Coating Systems, and Ardagh Metal Packaging.

DuPont de Nemours has an analyst consensus of Strong Buy, with a price target consensus of $71.55, a 30.6% upside from current levels. In a report issued on October 3, Deutsche Bank also maintained a Buy rating on the stock with a $60.00 price target.

Canfor (CFPZF)

In a report issued on October 18, Paul Quinn from RBC Capital maintained a Buy rating on Canfor, with a price target of C$30.00. The company’s shares closed last Wednesday at $14.09, close to its 52-week low of $13.82.

According to TipRanks.com, Quinn is a 5-star analyst with an average return of 18.6% and a 56.5% success rate. Quinn covers the Basic Materials sector, focusing on stocks such as Rayonier Advanced Materials, GreenFirst Forest Products, and International Paper Co.

Canfor has an analyst consensus of Strong Buy, with a price target consensus of $27.68.

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