Analysts’ Opinions Are Mixed on These Materials Stocks: Nucor Corp (NYSE: NUE) and Kosmos Energy (NYSE: KOS)

By Austin Angelo

Companies in the Materials sector have received a lot of coverage today as analysts weigh in on Nucor Corp (NYSE: NUE) and Kosmos Energy (NYSE: KOS).

Nucor Corp (NYSE: NUE)

In a report released yesterday, David Gagliano from BMO Capital reiterated a Hold rating on Nucor Corp (NYSE: NUE), with a price target of $70. The company’s shares closed yesterday at $60.35.

According to TipRanks.com, Gagliano is a 5-star analyst with an average return of 10.8% and a 59.5% success rate. Gagliano covers the Basic Materials sector, focusing on stocks such as Newmont Mining Corporation, Stillwater Mining Company, and Westmoreland Coal Company.

Nucor Corp has an analyst consensus of Moderate Buy, with a price target consensus of $70.13.

Kosmos Energy (NYSE: KOS)

In a report released today, Brendan Warn from BMO Capital reiterated a Buy rating on Kosmos Energy (NYSE: KOS), with a price target of $10. The company’s shares closed yesterday at $5.72.

According to TipRanks.com, Warn is a 1-star analyst with an average return of -1.6% and a 46.2% success rate. Warn covers the Basic Materials sector, focusing on stocks such as Royal Dutch Shell A, Bonanza Creek, and Chevron Corp.

Currently, the analyst consensus on Kosmos Energy is Strong Buy and the average price target is $8.50, representing a 48.6% upside.

In a report issued on April 11, RBC Capital also reiterated a Buy rating on the stock with a $10 price target.

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