Companies in the Materials sector have received a lot of coverage today as analysts weigh in on Arch Coal (ARCH) and Newmont Mining (NEM).
Arch Coal (ARCH)
B.Riley FBR analyst Lucas Pipes maintained a Buy rating on Arch Coal today and set a price target of $97.00. The company’s shares closed last Monday at $75.26.
According to TipRanks.com, Pipes has 0 stars on 0-5 star ranking scale with an average return of -6.8% and a 40.6% success rate. Pipes covers the Basic Materials sector, focusing on stocks such as Hallador Energy Company, Novagold Resources New, and CONSOL Coal Resources.
The word on The Street in general, suggests a Strong Buy analyst consensus rating for Arch Coal with a $98.60 average price target.
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Newmont Mining (NEM)
In a report released today, Adam Graf from B.Riley FBR maintained a Hold rating on Newmont Mining, with a price target of $41.50. The company’s shares closed last Monday at $37.94.
According to TipRanks.com, Graf is a 1-star analyst with an average return of -1.0% and a 34.0% success rate. Graf covers the Basic Materials sector, focusing on stocks such as Gold Standard Ventures, First Majestic Silver, and Hecla Mining Company.
Currently, the analyst consensus on Newmont Mining is a Strong Buy with an average price target of $46.36.
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