Analysts Conflictied on These Materials Names: Noble Corp (NYSE: NE), Vale SA (NYSE: VALE) and Sociedad Quimica Y Minera S.A. (NYSE: SQM)

By Ryan Adsit

Analysts have been eager to weigh in on the Materials sector with new ratings on Noble Corp (NYSE: NE), Vale SA (NYSE: VALE) and Sociedad Quimica Y Minera S.A. (NYSE: SQM).

Noble Corp (NYSE: NE)

BMO Capital analyst Daniel Boyd reiterated a Sell rating on Noble Corp (NYSE: NE) yesterday and set a price target of $4. The company’s shares closed yesterday at $4.74, close to its 52-week low of $4.45.

According to TipRanks.com, Boyd is a 4-star analyst with an average return of 4.8% and a 71.9% success rate. Boyd covers the Basic Materials sector, focusing on stocks such as Diamond Offshore Drilling, Oil States International, and Basic Energy Services.

Currently, the analyst consensus on Noble Corp is Moderate Sell and the average price target is $4.83, representing a 1.9% upside.

In a report issued on November 3, J.P. Morgan also reiterated a Sell rating on the stock.
Vale SA (NYSE: VALE)

BMO Capital analyst David Gagliano reiterated a Sell rating on Vale SA (NYSE: VALE) yesterday and set a price target of $5. The company’s shares closed yesterday at $7.17, close to its 52-week high of $7.21.

According to TipRanks.com, Gagliano is a 3-star analyst with an average return of 1.9% and a 46.7% success rate. Gagliano covers the Basic Materials sector, focusing on stocks such as Westmoreland Coal Company, Stillwater Mining Company, and Cloud Peak Energy Inc.

Currently, the analyst consensus on Vale SA is Hold and the average price target is $6.90, representing a -3.8% downside.

In a report issued on October 26, Credit Suisse also reiterated a Sell rating on the stock with a $4 price target.
Sociedad Quimica Y Minera S.A. (NYSE: SQM)

In a report released yesterday, Joel Jackson from BMO Capital reiterated a Hold rating on Sociedad Quimica Y Minera S.A. (NYSE: SQM), with a price target of $30. The company’s shares closed yesterday at $29.07, close to its 52-week high of $30.06.

According to TipRanks.com, Jackson is a 1-star analyst with an average return of -4.9% and a 41.9% success rate. Jackson covers the Basic Materials sector, focusing on stocks such as Compass Minerals Intl Inc, Israel Chemicals, and Rentech Nitrogen.

Sociedad Quimica Y Minera S.A. has an analyst consensus of Hold.