Analysts Are Neutral on These Materials Stocks: Sims (SMUPF), Gold Road Resources Ltd (ELKMF)
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Sims (SMUPF)
In a report issued on May 1, Rohan Gallagher from Jarden maintained a Hold rating on Sims, with a price target of A$14.80. The company's shares closed last Friday at $8.65.
According to TipRanks.com, Gallagher is a 4-star analyst with an average return of 8.0% and a 54.5% success rate. Gallagher covers the Basic Materials sector, focusing on stocks such as Bluescope Steel, Brickworks Ltd, and James Hardie.
Sims has an analyst consensus of Hold, with a price target consensus of $8.88.
Gold Road Resources Ltd (ELKMF)
In a report released today, Brad Watson from Bell Potter maintained a Hold rating on Gold Road Resources Ltd, with a price target of A$3.05. The company's shares closed last Monday at $2.10.
According to TipRanks.com, Watson is a 4-star analyst with an average return of 5.9% and a 52.4% success rate. Watson covers the Basic Materials sector, focusing on stocks such as Northern Star Resources Ltd, Mineral Resources Limited, and Alkane Resources Ltd.
Gold Road Resources Ltd has an analyst consensus of Hold, with a price target consensus of $1.99, implying a -14.2% downside from current levels. In a report released today, Canaccord Genuity also downgraded the stock to Hold with a A$3.40 price target.
In a report issued on April 30, Tim McCormack from Canaccord Genuity maintained a Hold rating on Regis Resources Limited, with a price target of A$4.10. The company's shares closed last Friday at $2.40.
According to TipRanks.com, McCormack is a 5-star analyst with an average return of 21.1% and a 63.1% success rate. McCormack covers the Basic Materials sector, focusing on stocks such as Northern Star Resources Ltd, Ramelius Resources Limited, and Gascoyne Resources Limited.
Regis Resources Limited has an analyst consensus of Hold, with a price target consensus of $2.78, representing a 15.8% upside. In a report issued on April 30, Macquarie also downgraded the stock to Hold with a A$4.30 price target.
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Business Wire
4 days ago
- Business Wire
Sims Limited and Alter Steel Collaborate to Help Grow Queensland's Clean Steel Industry
SYDNEY--(BUSINESS WIRE)-- Sims Limited ('Sims') and Equest Steel Pty Ltd, trading as Alter Steel ('Alter'), today announced they have entered into a non-binding Memorandum of Understanding (MOU), to establish a scrap supply and services agreement supporting Alter's proposed electric arc furnace (EAF) planned for Pinkenba, Queensland in 2028. 'This MOU represents a strategic milestone for Sims. It reinforces our position as a key partner to Australia and New Zealand's growing domestic steel sector." — Stephen Mikkelsen, CEO and Managing Director, Sims Limited Under the terms of the MOU, it is proposed that Sims would exclusively supply up to 550,000 tonnes of ferrous scrap annually, manage Alter Steel's scrap inventory on a just-in-time basis, and provide access to port and rail infrastructure via the staged development of Sims' Pinkenba site. Sims' Pinkenba site is located approximately 1km from the location of Alter's proposed EAF on Tingira Street. The parties will use the MOU as the framework for negotiating a binding agreement. With growing pressure to cut emissions and reduce reliance on imports, Alter Steel is investing over $750 million to build a new steel mill at Pinkenba. The facility plans to turn local scrap into 500,000 tonnes of reinforcing steel each year, keeping manufacturing in Australia and supplying Queensland and national projects with lower carbon material. Alter Steel's Pinkenba mill is expected to create over 600 construction jobs and more than 220 permanent skilled positions across steelmaking, trades, engineering and logistics once operational. The company has recently achieved several key milestones, including conditional development approval for the site and a supplier agreement with global technology and equipment partner Danieli. Sims' Pinkenba investment represents a significant development for its Australia and New Zealand operations and strategy. Plans are focused on the staged development of the site into a world-class strategic logistics and metal recycling hub. The site will enable more efficient scrap movement by significantly transitioning from road-based transport to shipping and potentially rail. This transformation is expected to unlock substantial operational efficiencies while also supporting the future feedstock needs of Alter Steel as well as other steelmakers in Australia and New Zealand, continuing to position Sims as a leading supplier of high-quality recycled raw materials. 'This collaboration with Sims completes the supply chain to deliver the cleanest steel in Australia, right here in Queensland,' said Grant Johnston, Managing Director of Alter Steel. 'Sims is a global leader in metal recycling, and we're proud to have them alongside us on this project. Together, we'll transform local scrap into high value steel, cut emissions, and keep manufacturing onshore. Construction is planned to commence in 2026, with operations beginning in 2028. This project positions Queensland at the forefront of Australia's low carbon steel industry.' Stephen Mikkelsen, chief executive officer and managing director of Sims, commented: 'This MOU represents a strategic milestone for Sims. It reinforces our position as a key partner to Australia and New Zealand's growing domestic steel sector. The MOU provides a potential pathway to long-term volume certainty for both parties, supported by efficient logistics through the Pinkenba hub. It also builds on our core strengths of providing responsible, sustainable operations, scale, material quality, technology, and diverse scrap sourcing, supported by a network of collection sites with access to a wide range of transport options. We are very excited to work with Alter, supporting their ambitions in manufacturing low-emission steel." About Alter Steel Alter Steel is backed by Westview Group, a privately owned Australian industrial group employing over 750 staff across steel, technology and manufacturing. Alter's proposed Electric Arc Furnace at Pinkenba is expected to see an investment of more than $750 million in Queensland and would produce up to 500,000 tonnes per annum of high-quality, low emissions reinforcing steel once operational. This reinforcing steel would be supplied as a lower carbon option to the construction sector across Queensland and Australia for the building of new infrastructure like roads, buildings and sports stadiums. It is anticipated that the project would create approximately 600 jobs during construction and more than 220 permanent high-skilled positions once operational. Head Office: 3 Marco Polo Drive, Mandurah WA 6210. About Sims Limited Founded in Australia in 1917, Sims Limited is a global leader in metal recycling and the provision of circular solutions for technology. Employing approximately 4,100 employees globally, the company operates more than 150 facilities across 13 countries. Sims Limited plays a vital role in helping increase circularity and decarbonisation by supplying recycled materials and re-purposed products. The company's ordinary shares are listed on the Australian Securities Exchange (ASX: SGM), and its American Depositary Shares are quoted on the Over-the-Counter market in the United States (USOTC: SMSMY). The Company's purpose, create a world without waste to preserve our planet, is what drives its constant innovation and leadership in the circular economy. For more information, visit Head Office
Business Insider
5 days ago
- Business Insider
Macquarie Sticks to Its Buy Rating for Sims (SMUPF)
Macquarie analyst maintained a Buy rating on Sims today and set a price target of A$17.40. The company's shares closed last Tuesday at $9.38. Elevate Your Investing Strategy: Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence. The word on The Street in general, suggests a Moderate Sell analyst consensus rating for Sims with a $9.42 average price target. SMUPF market cap is currently $2.03B and has a P/E ratio of -24.54.
Business Wire
6 days ago
- Business Wire
University of Phoenix Admissions Leadership Appointed Chair of PESC Board
PHOENIX--(BUSINESS WIRE)-- University of Phoenix is pleased to share that Monterey Sims, director, Admissions and Evaluation, has been appointed as Chair for Postsecondary Electronic Standards Council Board of Directors for the 2025-2026 fiscal year. Sims, who has served on the Board for five years, brings over three decades of experience and leadership in higher education and has been an active member of PESC since 2005. 'I'm honored to serve as Chair of PESC and continue advancing our mission to improve data standards and interoperability in education,' states Sims. 'I look forward to working with our dedicated board, members, and partners to promote innovation and excellence across the sector.' PESC is a non-profit, community-based organization that develops and promotes open data standards to improve digital interoperability across the education sector. By fostering collaboration among institutions, government agencies, and technology providers, PESC helps streamline data exchange and enhance student success. As Chair, Sims will lead the Board of Directors and Executive Committee, guiding the organization's strategic direction and ensuring alignment with its mission. She will also serve as PESC's primary spokesperson and represent the organization in key public and professional forums. Additionally, she will serve as an ex-officio member of all PESC committees, collaborate with staff to implement board resolutions and strategic initiatives, and support relationship building with partner organizations and stakeholders. 'Monterey's appointment as Chair of PESC is a reflection of her deep expertise and long-standing commitment to improving how institutions exchange and manage student data,' said Devin Andrews, vice president, Admissions and Evaluation at University of Phoenix. 'Her leadership has been instrumental in advancing operational efficiencies that support student mobility, and I'm confident she will bring the same vision and dedication to this important role.' As a Director of Admissions and Evaluation at University of Phoenix, Sims is directly responsible for the Office of Admissions Document Processing division which includes overseeing the acquisition and processing of admission documents and transcripts from prior attended institutions for University applicants. Integral to the University's established credit mobility culture, Sims continually seeks out operational efficiencies and promotes interoperability and student mobility as well as electronic transcript partnerships to improve processes and remove barriers for students. During 30+ years at the University she has led a variety of process improvement initiatives including implementation of Electronic Transcript Exchange (ETX) and Electronic Data Interchange (EDI). Sims has also served as Vice Chair on the PESC Board of Directors. She serves on the American Association of Collegiate Registrars and Admissions Officers (AACRAO) Standardization of Postsecondary Education Record Electronic Data Exchange (SPEEDE) Committee and AACRAO Technical Advisory Committee as well as the eTrans California Steering Committee, 1EdTech Digital Credentials Project Group and is a member of the Pacific Association of Collegiate Registrars and Admissions Officers (PACRAO). Sims co-authored the article 'Electronic Transcripts 2021: The Landscape and Future of Electronic Document Exchange' published in the AACRAO quarterly journal, College & University. About University of Phoenix University of Phoenix innovates to help working adults enhance their careers and develop skills in a rapidly changing world. Flexible schedules, relevant courses, interactive learning, skills-mapped curriculum for our bachelor's and master's degree programs and a Career Services for Life® commitment help students more effectively pursue career and personal aspirations while balancing their busy lives. For more information, visit About PESC Since 1997, PESC Members have come together to identify, research, develop and promote the adoption of interoperable data standards and methods across the postsecondary education P20W ecosystem. Their work includes the development and reuse of common data schemas leveraging XML, EDI, JSON and JSON-LD. PESC advocates for the widespread adoption of automated connections that enhance data efficiency. These connections ensure secure and repeatable interchange across specialized administrative, financial, and academic domains. For more information, please visit
