Analysts Offer Insights on Materials Companies: IAMGOLD Corp (NYSE: IAG) and Petroleo Brasileiro SA- Petrobras (NYSE: PBR)

By Carrie Williams

Companies in the Materials sector have received a lot of coverage today as analysts weigh in on IAMGOLD Corp (NYSE: IAG) and Petroleo Brasileiro SA- Petrobras (NYSE: PBR).

IAMGOLD Corp (NYSE: IAG)

Credit Suisse analyst Anita Soni maintained a Hold rating on IAMGOLD Corp (NYSE: IAG) yesterday and set a price target of $5. The company’s shares closed yesterday at $5.06.

According to TipRanks.com, Soni is a 2-star analyst with an average return of 0.7% and a 47.9% success rate. Soni covers the Basic Materials sector, focusing on stocks such as Wheaton Precious Metals Corp, Newmont Mining Corporation, and Golden Star Resources Ltd.

Currently, the analyst consensus on IAMGOLD Corp is Hold and the average price target is $4.92, representing a -2.8% downside.

In a report issued on June 5, RBC Capital also reiterated a Hold rating on the stock with a $5 price target.
Petroleo Brasileiro SA- Petrobras (NYSE: PBR)

Credit Suisse analyst Andre Natal maintained a Buy rating on Petroleo Brasileiro SA- Petrobras (NYSE: PBR) yesterday and set a price target of $12. The company’s shares closed yesterday at $8.57.

According to TipRanks.com, Natal is ranked #4416 out of 4571 analysts.

Petroleo Brasileiro SA- Petrobras has an analyst consensus of Moderate Buy, with a price target consensus of $12.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.