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Analysts Offer Insights on Materials Companies: USA Rare Earth (USAR) and Cleveland-Cliffs (CLF)

Tipranks - Thu Jan 22, 7:12AM CST

Companies in the Materials sector have received a lot of coverage today as analysts weigh in on USA Rare Earth (USARResearch Report) and Cleveland-Cliffs (CLFResearch Report).

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USA Rare Earth (USAR)

In a report released yesterday, Subash Chandra from Benchmark Co. maintained a Buy rating on USA Rare Earth, with a price target of $15.00. The company’s shares closed last Tuesday at $19.20, close to its 52-week high of $20.00.

According to TipRanks.com, Chandra is a 4-star analyst with an average return of 8.4% and a 47.4% success rate. Chandra covers the NA sector, focusing on stocks such as Magnolia Oil & Gas, Matador Resources, and Permian Resources. ;'>

The word on The Street in general, suggests a Strong Buy analyst consensus rating for USA Rare Earth with a $22.75 average price target.

See the top stocks recommended by analysts >>

Cleveland-Cliffs (CLF)

In a report released today, Timna Tanners from Wells Fargo maintained a Hold rating on Cleveland-Cliffs, with a price target of $12.00. The company’s shares closed last Tuesday at $14.05.

According to TipRanks.com, Tanners is a 3-star analyst with an average return of 2.8% and a 55.0% success rate. Tanners covers the Basic Materials sector, focusing on stocks such as Commercial Metals Company, Knife River Corporation, and Century Aluminum. ;'>

The word on The Street in general, suggests a Hold analyst consensus rating for Cleveland-Cliffs with a $13.25 average price target, which is a -3.4% downside from current levels. In a report issued on January 18, J.P. Morgan also maintained a Hold rating on the stock with a $13.00 price target.

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