Analysts Offer Insights on Materials Companies: Barrick Gold (NYSE: ABX) and Hess (NYSE: HES)

By Jason Carr

Analysts fell to the sidelines weighing in on Barrick Gold (NYSE: ABX) and Hess (NYSE: HES) with neutral ratings,indicating that the experts are neither bullish nor bearish on the stocks.

Barrick Gold (NYSE: ABX)

In a report issued on April 12, Anita Soni from Credit Suisse maintained a Hold rating on Barrick Gold (NYSE: ABX), with a price target of $19. The company’s shares closed yesterday at $13.15.

According to TipRanks.com, Soni is a 1-star analyst with an average return of -3.2% and a 42.9% success rate. Soni covers the Basic Materials sector, focusing on stocks such as Golden Star Resources Ltd, Eldorado Gold Corp, and Nexa Resources SA.

Barrick Gold has an analyst consensus of Hold, with a price target consensus of $15.75.

Hess (NYSE: HES)

Credit Suisse analyst William Featherston maintained a Hold rating on Hess (NYSE: HES) on April 12 and set a price target of $48. The company’s shares closed yesterday at $56.32, close to its 52-week high of $56.94.

According to TipRanks.com, Featherston is a 1-star analyst with an average return of -2.6% and a 53.6% success rate. Featherston covers the Basic Materials sector, focusing on stocks such as Anadarko Petroleum, Devon Energy Corp, and Concho Resources.

Currently, the analyst consensus on Hess is Hold and the average price target is $51.17, representing a -9.1% downside.

In a report issued on April 11, BMO Capital also reiterated a Hold rating on the stock with a $50 price target.

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