Analysts Offer Insights on Materials Companies: Rio Tinto Limited (OtherRTNTF) and Evolution Mining (OtherCAHPF)
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
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
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.
Read More on RTNTF:
Disclaimer & DisclosureReport an Issue
- Rio Tinto Sets FX Rates for 2025 Final Dividend Ahead of 16 April Payout
- Rio Tinto Confirms Exchange Rates and Details for Fully Franked 2025 Final Dividend
- Rio Tinto updates market on total voting rights and issued capital for dual-listed structure
- Rio Tinto Issues Over 1 Million Unquoted Share Rights Under Incentive Scheme
- Rio Tinto clinches A$2bn government-backed deal to secure Boyne aluminium smelter to 2040
