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

Tipranks - Tipranks - Thu Apr 16, 7:50PM CDT

Analysts have been eager to weigh in on the Materials sector with new ratings on Rio Tinto Limited (RTNTF) and Evolution Mining (CAHPF).

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Rio Tinto Limited (RTNTF)

In a report released today, Austin Yun from Macquarie maintained a Buy rating on Rio Tinto Limited, with a price target of A$183.00. The company’s shares closed last Monday at $121.62.

According to TipRanks.com, Yun is a 5-star analyst with an average return of 40.9% and a 72.3% success rate. Yun covers the Basic Materials sector, focusing on stocks such as Lynas Rare Earths, Pilbara Minerals, and Elevra Lithium. ;'>

Currently, the analyst consensus on Rio Tinto Limited is a Moderate Buy with an average price target of $114.03, implying a -3.5% downside from current levels. In a report issued on April 3, J.P. Morgan also maintained a Buy rating on the stock with a A$171.00 price target.

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Evolution Mining (CAHPF)

Macquarie analyst Adam Baker maintained a Hold rating on Evolution Mining today and set a price target of A$14.00. The company’s shares closed last Wednesday at $10.70.

According to TipRanks.com, Baker is a 4-star analyst with an average return of 11.8% and a 64.0% success rate. Baker covers the Basic Materials sector, focusing on stocks such as Northern Star Resources Ltd, Sandfire Resources Limited, and West African Resources Ltd. ;'>

Evolution Mining has an analyst consensus of Hold, with a price target consensus of $9.89, representing a -11.7% downside. In a report issued on April 12, Citi also maintained a Hold rating on the stock with a A$15.00 price target.

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