Blurbs

Analysts’ Opinions Are Mixed on These Materials Stocks: Newmont Mining (NEM), Quaker Chemical (KWR) and LANXESS (OtherLNXSF)

Companies in the Materials sector have received a lot of coverage today as analysts weigh in on Newmont Mining (NEMResearch Report), Quaker Chemical (KWRResearch Report) and LANXESS (LNXSFResearch Report).

Newmont Mining (NEM)

RBC Capital analyst Josh Wolfson maintained a Hold rating on Newmont Mining on November 7 and set a price target of $60.00. The company’s shares closed last Thursday at $46.41.

According to TipRanks.com, Wolfson is a 1-star analyst with an average return of -1.9% and a 44.4% success rate. Wolfson covers the Basic Materials sector, focusing on stocks such as Wheaton Precious Metals, Osisko Gold Royalties, and Anglogold Ashanti.

Newmont Mining has an analyst consensus of Moderate Buy, with a price target consensus of $54.56, which is a 19.2% upside from current levels. In a report issued on November 2, Scotiabank also maintained a Hold rating on the stock with a $60.00 price target.

See the top stocks recommended by analysts >>

Quaker Chemical (KWR)

In a report issued on November 7, Arun Viswanathan from RBC Capital maintained a Buy rating on Quaker Chemical, with a price target of $190.00. The company’s shares closed last Thursday at $193.91.

According to TipRanks.com, Viswanathan is a 5-star analyst with an average return of 5.9% and a 58.9% success rate. Viswanathan covers the Basic Materials sector, focusing on stocks such as Sherwin-Williams Company, Axalta Coating Systems, and Ardagh Metal Packaging.

Currently, the analyst consensus on Quaker Chemical is a Moderate Buy with an average price target of $185.00.

LANXESS (LNXSF)

In a report issued on November 9, Martin Roediger from Kepler Capital maintained a Buy rating on LANXESS, with a price target of EUR52.00. The company’s shares closed last Wednesday at $36.33.

According to TipRanks.com, Roediger is ranked #1014 out of 8037 analysts.

Currently, the analyst consensus on LANXESS is a Strong Buy with an average price target of $45.74, implying a 25.9% upside from current levels. In a report issued on November 4, UBS also maintained a Buy rating on the stock with a EUR44.00 price target.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

Read More on NEM:

Tired of arriving late to the Big Returns Party?​
Most investors don’t have major gainers like TSLA or NVDA on their radar from the start.
The profusion of opinions on social media and financial blogs makes it impossible to distinguish between real growth potential and pure hype.
​​For the past decade, we have developed and perfected technology designed to help private investors, just like you, find the best opportunities, with the greatest upside potential, in any financial climate.​
Learn More