Analysts Offer Insights on Materials Companies: Bluescope Steel (OtherBLSFF) and Northern Star Resources Ltd (OtherNESRF)

Analysts have been eager to weigh in on the Materials sector with new ratings on Bluescope Steel (BLSFF – Research Report) and Northern Star Resources Ltd (NESRF – Research Report).
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Bluescope Steel (BLSFF)
In a report released today, Rohan Gallagher from Jarden maintained a Buy rating on Bluescope Steel, with a price target of A$25.30. The company's shares closed last Monday at $15.07.
According to TipRanks.com, Gallagher is a 4-star analyst with an average return of 8.9% and a 56.3% success rate. Gallagher covers the Basic Materials sector, focusing on stocks such as Brickworks Ltd, James Hardie, and Sims.
Currently, the analyst consensus on Bluescope Steel is a Strong Buy with an average price target of $17.76, which is a 31.1% upside from current levels. In a report issued on June 10, Jefferies also maintained a Buy rating on the stock with a A$29.00 price target.
Northern Star Resources Ltd (NESRF)
Jarden analyst Ben Lyons maintained a Hold rating on Northern Star Resources Ltd yesterday and set a price target of A$19.40. The company's shares closed last Wednesday at $13.86.
According to TipRanks.com, Lyons is a 4-star analyst with an average return of 9.4% and a 69.3% success rate. Lyons covers the Basic Materials sector, focusing on stocks such as Sandfire Resources Limited, Mineral Resources Limited, and Pilbara Minerals.
Currently, the analyst consensus on Northern Star Resources Ltd is a Moderate Buy with an average price target of $14.97, which is a 6.4% upside from current levels. In a report issued on June 16, UBS also downgraded the stock to Hold with a A$23.00 price target.

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