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Analysts Have Conflicting Sentiments on These Materials Companies: Cleveland-Cliffs (CLF) and Fortuna Mining Corp (FSM)

Tipranks - Tipranks - Wed Apr 22, 6:18AM CDT

Analysts have been eager to weigh in on the Materials sector with new ratings on Cleveland-Cliffs (CLF) and Fortuna Mining Corp (FSM).

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Cleveland-Cliffs (CLF)

In a report released yesterday, Alexander Hacking from Citi assigned a Hold rating to Cleveland-Cliffs, with a price target of $11.00. The company’s shares closed last Monday at $9.73, close to its 52-week low of $8.48.

According to TipRanks.com, Hacking is a 5-star analyst with an average return of 19.5% and a 64.6% success rate. Hacking covers the Basic Materials sector, focusing on stocks such as Freeport-McMoRan, Warrior Met Coal, and Southern Copper. ;'>

The word on The Street in general, suggests a Hold analyst consensus rating for Cleveland-Cliffs with a $12.03 average price target, which is a 34.6% upside from current levels. In a report released yesterday, TipRanks – PerPlexity also upgraded the stock to Hold with a $10.50 price target.

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Fortuna Mining Corp (FSM)

Scotiabank analyst Eric Winmill maintained a Buy rating on Fortuna Mining Corp today and set a price target of $14.00. The company’s shares closed last Monday at $10.65.

According to TipRanks.com, Winmill is a top 100 analyst with an average return of 58.2% and a 74.7% success rate. Winmill covers the Basic Materials sector, focusing on stocks such as Metalla Royalty & Streaming, First Majestic Silver, and Hecla Mining Company. ;'>

Currently, the analyst consensus on Fortuna Mining Corp is a Moderate Buy with an average price target of $12.86, implying a 20.5% upside from current levels. In a report issued on April 6, TipRanks – xAI also reiterated a Buy rating on the stock with a C$16.00 price target.

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