Companies in the Materials sector have received a lot of coverage today as analysts weigh in on Gold Road Resources Ltd (ELKMF – Research Report) and Pilbara Minerals Limited (PILBF – Research Report).

Gold Road Resources Ltd (ELKMF)

RBC Capital analyst Alex Barkley maintained a Hold rating on Gold Road Resources Ltd on March 13 and set a price target of A$2.40. The company’s shares closed last Thursday at $1.55.

According to TipRanks.com, Barkley is a 3-star analyst with an average return of 2.9% and a 52.3% success rate. Barkley covers the Basic Materials sector, focusing on stocks such as Northern Star Resources Ltd, Ramelius Resources Limited, and Evolution Mining Limited.

Currently, the analyst consensus on Gold Road Resources Ltd is a Moderate Buy with an average price target of $1.67.

Pilbara Minerals Limited (PILBF)

In a report issued on March 13, Kaan Peker from RBC Capital maintained a Buy rating on Pilbara Minerals Limited, with a price target of A$2.80. The company’s shares closed last Monday at $1.25, close to its 52-week low of $1.01.

According to TipRanks.com, Peker has 0 stars on 0-5 stars ranking scale with an average return of -6.5% and a 38.1% success rate. Peker covers the Basic Materials sector, focusing on stocks such as Fortescue Metals Group Ltd, Sandfire Resources Limited, and Mineral Resources Limited.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Pilbara Minerals Limited with a $1.65 average price target.

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