Analysts have recently shared mixed views on three major materials companies: Freeport-McMoRan (FCX), Royal Gold (RGLD), and Sherwin-Williams Company (SHW).
Nick Cash from Goldman Sachs maintained a Buy rating on Freeport-McMoRan, setting a price target of $83.00. The stock closed last Tuesday at $65.95. Cash, a 2-star analyst with a 1.7% average return and a 38.9% success rate, focuses on the Basic Materials sector. The consensus among analysts is a Moderate Buy, with a price target of $82.50, suggesting a 26.0% upside. Barclays also recently maintained a Buy rating with a $84.00 target.
Daniel Major from UBS assigned a Buy rating to Royal Gold, with a price target of $285.00. The stock closed last Tuesday at $239.66. Major, a 5-star analyst with a 21.6% average return and a 63.1% success rate, covers the Basic Materials sector. The consensus is a Moderate Buy, with a price target of $290.60, indicating a 24.1% upside. RBC Capital also maintained a Buy rating with a $325.00 target.
Joshua Spector from UBS maintained a Hold rating on Sherwin-Williams Company, with a price target of $370.00. The stock closed last Tuesday at $326.01. Spector, a 3-star analyst with a 1.8% average return and a 51.7% success rate, covers the Basic Materials sector. The consensus is a Moderate Buy, with a price target of $382.29, representing a 21.1% upside. Bank of America Securities also maintained a Hold rating with a $380.00 target.