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Analysts Offer Insights on Materials Companies: Rio Tinto Limited (OtherRTNTF) and Evolution Mining (OtherCAHPF)

Tipranks - Tue Apr 14, 7:48PM CDT

Companies in the Materials sector have received a lot of coverage today as analysts weigh in on Rio Tinto Limited (RTNTF) and Evolution Mining (CAHPF).

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Rio Tinto Limited (RTNTF)

In a report released today, Ephrem Ravi from Citi maintained a Hold rating on Rio Tinto Limited, with a price target of A$170.00. The company’s shares closed last Monday at $121.62.

According to TipRanks.com, Ravi is a 5-star analyst with an average return of 15.9% and a 64.0% success rate. Ravi covers the Basic Materials sector, focusing on stocks such as Anglogold Ashanti PLC, Anglo American, and BHP Group Ltd. ;'>

Rio Tinto Limited has an analyst consensus of Moderate Buy, with a price target consensus of $109.14, implying a -7.7% downside from current levels. In a report issued on April 9, TipRanks – xAI also downgraded the stock to Hold with a A$188.00 price target.

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Evolution Mining (CAHPF)

Bell Potter analyst David Coates maintained a Buy rating on Evolution Mining today and set a price target of A$16.60. The company’s shares closed last Monday at $9.29.

According to TipRanks.com, Coates is a 5-star analyst with an average return of 31.4% and a 61.0% success rate. Coates covers the Basic Materials sector, focusing on stocks such as Fortescue Metals Group Ltd, Regis Resources Limited, and Alkane Resources Ltd. ;'>

Currently, the analyst consensus on Evolution Mining is a Hold with an average price target of $9.82, which is a 9.1% upside from current levels. In a report issued on April 9, Canaccord Genuity also upgraded the stock to Buy with a A$15.55 price target.

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