Analysts’ Top Materials Picks: Nucor (NUE), Gold Fields (GFIOF)

There’s a lot to be optimistic about in the Materials sector as 3 analysts just weighed in on Nucor (NUE – Research Report), Gold Fields (GFIOF – Research Report) and Reliance Steel (RS – Research Report) with bullish sentiments.

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Nucor (NUE)

J.P. Morgan analyst Bill Peterson maintained a Buy rating on Nucor today and set a price target of $172.00. The company’s shares closed last Friday at $133.65.

According to TipRanks.com, Peterson is a 1-star analyst with an average return of -2.8% and a 46.9% success rate. Peterson covers the Basic Materials sector, focusing on stocks such as Commercial Metals Company, Lithium Americas Corp., and Ivanhoe Electric Inc. ;'>

Currently, the analyst consensus on Nucor is a Strong Buy with an average price target of $160.64, a 16.1% upside from current levels. In a report issued on October 11, TR | OpenAI – 4o also upgraded the stock to Buy with a $148.00 price target.

See the top stocks recommended by analysts >>

Gold Fields (GFIOF)

In a report released today, Jason Fairclough from Bank of America Securities maintained a Buy rating on Gold Fields, with a price target of R$800.00. The company’s shares closed last Thursday at $40.65.

According to TipRanks.com, Fairclough is a 4-star analyst with an average return of 16.6% and a 69.0% success rate. Fairclough covers the Basic Materials sector, focusing on stocks such as Harmony Gold Mining Co, BHP Group Ltd, and Gold Fields. ;'>

Gold Fields has an analyst consensus of Moderate Buy, with a price target consensus of $46.10.

Reliance Steel (RS)

J.P. Morgan analyst Bennett Moore maintained a Buy rating on Reliance Steel today and set a price target of $345.00. The company’s shares closed last Friday at $272.08.

According to TipRanks.com, Moore is ranked #4128 out of 10083 analysts.

Currently, the analyst consensus on Reliance Steel is a Moderate Buy with an average price target of $330.86.

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