Analysts Are Bullish on These Materials Stocks: REGI, ARCH

By Austin Angelo

There’s a lot to be optimistic about in the Materials sector as 3 analysts just weighed in on Renewable Energy Group (NASDAQ: REGI), Arch Coal Inc (NYSE: ARCH) and Coeur Mining (NYSE: CDE) with bullish sentiments.

Renewable Energy Group (NASDAQ: REGI)

In a report released yesterday, Craig Irwin from Roth Capital reiterated a Buy rating on Renewable Energy Group (NASDAQ: REGI), with a price target of $17. The company’s shares opened today at $12, close to its 52-week high of $12.65.

Irwin said:

“We expect EPA’s ’18-’19 RVOs, expected this Friday, to affirm our views the Trump administration is a strong supporter of biofuels. We see potential for a $25m- $50mE 2H17 EBITDA uplift on the ITC trade action excluding biodiesel imports. REG’s hosted an analyst day where mgmt.”

According to TipRanks.com, Irwin is a 3-star analyst with an average return of 2.2% and a 45.6% success rate. Irwin covers the Industrial Goods sector, focusing on stocks such as Ballard Power Systems, Capstone Turbine Corp, and Amer Superconductor.

Currently, the analyst consensus on Renewable Energy Group is Moderate Buy and the average price target is $16.50, representing a 37.5% upside.

In a report issued on June 8, Canaccord Genuity also reiterated a Buy rating on the stock with a $16 price target.
Arch Coal Inc (NYSE: ARCH)

FBR Capital analyst Lucas Pipes reiterated a Buy rating on Arch Coal Inc (NYSE: ARCH) yesterday and set a price target of $102. The company’s shares opened today at $69.15.

According to TipRanks.com, Pipes is a 4-star analyst with an average return of 5.3% and a 53.6% success rate. Pipes covers the Basic Materials sector, focusing on stocks such as Newmont Mining Corporation, Stillwater Mining Company, and Westmoreland Coal Company.

Currently, the analyst consensus on Arch Coal Inc is Strong Buy and the average price target is $94.67, representing a 36.9% upside.

In a report issued on June 1, Jefferies also reiterated a Buy rating on the stock with a $90 price target.
Coeur Mining (NYSE: CDE)

In a report released today, Joseph Reagor from Roth Capital reiterated a Buy rating on Coeur Mining (NYSE: CDE), with a price target of $13. The company’s shares opened today at $8.75, close to its 52-week low of $7.30.

According to TipRanks.com, Reagor is a 2-star analyst with an average return of 1.0% and a 33.0% success rate. Reagor covers the Basic Materials sector, focusing on stocks such as Solitario Exploration & Royalty, Platform Specialty Products, and Gold Standard Ventures Corp.

Currently, the analyst consensus on Coeur Mining is Moderate Buy and the average price target is $13, representing a 48.6% upside.

In a report issued on June 12, RBC Capital also reiterated a Buy rating on the stock with a $13 price target.

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