Latest news with #PaulMcTaggart
Business Insider
13 hours ago
- Business
- Business Insider
Citi Sticks to Their Hold Rating for New Hope Corporation Limited (NHPEF)
Citi analyst Paul McTaggart maintained a Hold rating on New Hope Corporation Limited (NHPEF – Research Report) yesterday and set a price target of A$3.85. The company's shares closed yesterday at $2.41. Confident Investing Starts Here: Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter McTaggart covers the Basic Materials sector, focusing on stocks such as South32, Champion Iron, and Fortescue Metals Group Ltd. According to TipRanks, McTaggart has an average return of 9.1% and a 54.86% success rate on recommended stocks. New Hope Corporation Limited has an analyst consensus of Hold, with a price target consensus of $2.47. The company has a one-year high of $3.90 and a one-year low of $2.00. Currently, New Hope Corporation Limited has an average volume of 1,905.
Business Insider
13 hours ago
- Business
- Business Insider
Citi Sticks to Its Hold Rating for South32 (S32)
Citi analyst Paul McTaggart maintained a Hold rating on South32 (S32 – Research Report) yesterday and set a price target of A$3.40. The company's shares closed yesterday at p138.20. Confident Investing Starts Here: McTaggart covers the Basic Materials sector, focusing on stocks such as South32, Champion Iron, and Fortescue Metals Group Ltd. According to TipRanks, McTaggart has an average return of 9.1% and a 54.86% success rate on recommended stocks. The word on The Street in general, suggests a Moderate Buy analyst consensus rating for South32 with a p168.68 average price target. Based on South32's latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of p3.19 billion and a net profit of p360 million. In comparison, last year the company earned a revenue of p3.19 billion and had a net profit of p53 million Based on the recent corporate insider activity of 11 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of S32 in relation to earlier this year.
Business Insider
13 hours ago
- Business
- Business Insider
Citi Remains a Hold on Sandfire Resources Limited (SFRRF)
Citi analyst Paul McTaggart maintained a Hold rating on Sandfire Resources Limited (SFRRF – Research Report) yesterday and set a price target of A$11.50. The company's shares closed last Friday at $7.40. Confident Investing Starts Here: Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter According to TipRanks, McTaggart is a 5-star analyst with an average return of 9.1% and a 54.86% success rate. McTaggart covers the Basic Materials sector, focusing on stocks such as South32, Champion Iron, and Fortescue Metals Group Ltd. Sandfire Resources Limited has an analyst consensus of Moderate Buy, with a price target consensus of $7.09.
Business Insider
2 days ago
- Business
- Business Insider
Fortescue Metals Group Ltd (FSUMF) was downgraded to a Hold Rating at Citi
Fortescue Metals Group Ltd (FSUMF – Research Report) received a Hold rating and price target from Citi analyst Paul McTaggart today. The company's shares closed last Wednesday at $10.25. Confident Investing Starts Here: Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter McTaggart covers the Basic Materials sector, focusing on stocks such as South32, Fortescue Metals Group Ltd, and Iluka Resources Limited. According to TipRanks, McTaggart has an average return of 9.2% and a 54.55% success rate on recommended stocks. Currently, the analyst consensus on Fortescue Metals Group Ltd is a Moderate Buy with an average price target of $11.12. Based on Fortescue Metals Group Ltd's latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $7.64 billion and a net profit of $1.55 billion. In comparison, last year the company earned a revenue of $9.51 billion and had a net profit of $3.34 billion Based on the recent corporate insider activity of 12 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of FSUMF in relation to earlier this year.
West Australian
6 days ago
- Business
- West Australian
Perth uranium stocks rocket after Sprott raises money for future buying spree of the nuclear fuel
The likes of Paladin Energy, Boss Energy and Deep Yellow all gained at least 15 per cent on Monday following a deal that is set to lift uranium prices. Sprott announced it sold US$100 million ($154m) worth of units in its physical uranium trust to Canaccord Genuity. The global asset manager successfully hawked the units at US$17.25 each, which is $US0.27 above the current unit price. Canada's Sprott is intending to use the money received to buy uranium after the transaction settles on June 20. 'If the entirety of this raise will go towards purchasing uranium, we estimate the demand from this raise at Friday's spot price of approximately US$70 (per pound) equates to approximately 1.43 million pounds (of uranium oxide),' Citi analyst Paul McTaggart said. 'Total utility demand is more than 180 million pounds of (uranium oxide) per year but most of this is done through term contracts — hence we believe this amount could potentially move spot prices, given it is a very thinly traded market.' Deep Yellow led the winners with a 21.2 per cent rise, Boss jumped 17.7 per cent, Paladin was up 15.6 per cent, Bannerman Energy gained 14.3 per cent and Lotus Resources leapt 12.9 per cent. Boss and Paladin are the two most shorted stocks on the ASX.
