Companies in the Materials sector have received a lot of coverage today as analysts weigh in on Golden Star Resources Ltd (GSS) and Anglogold Ashanti Ltd (AU).
Golden Star Resources Ltd (GSS)
H.C. Wainwright analyst Heiko Ihle reiterated a Buy rating on Golden Star Resources Ltd today and set a price target of $4. The company’s shares opened today at $2.89.
Ihle noted:
“We maintain our Buy rating while lowering out per share PT to $4.00 from $4.90. Our lowered PT is due to tempered long-term gold price expectations and not due to changes in our expectations for Golden Star. We base our valuation on a DCF of the Prestea and Wassa mines, utilizing a 9% discount rate for each.”
According to TipRanks.com, Ihle has currently no stars on a ranking scale of 0-5 stars, with an average return of -18.2% and a 16.5% success rate. Ihle covers the Basic Materials sector, focusing on stocks such as Solitario Exploration & Royalty, Americas Silver Corporation, and Northern Dynasty Minerals.
Golden Star Resources Ltd has an analyst consensus of Strong Buy, with a price target consensus of $4, which is a 38.4% upside from current levels. In a report released yesterday, BMO Capital also reiterated a Buy rating on the stock.
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Anglogold Ashanti Ltd (AU)
BMO Capital analyst Andrew Kaip reiterated a Hold rating on Anglogold Ashanti Ltd yesterday and set a price target of $12. The company’s shares opened today at $12.10, close to its 52-week high of $12.13.
According to TipRanks.com, Kaip has 0 stars on 0-5 star ranking scale with an average return of -7.4% and a 28.7% success rate. Kaip covers the Basic Materials sector, focusing on stocks such as Wheaton Precious Metals Corp, Newmont Mining Corporation, and Golden Star Resources Ltd.
Currently, the analyst consensus on Anglogold Ashanti Ltd is a Hold with an average price target of $12.
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