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Analysts’ Opinions Are Mixed on These Materials Stocks: USA Rare Earth (USAR) and Cleveland-Cliffs (CLF)

Tipranks - Thu Jan 22, 7:12AM CST

Analysts have been eager to weigh in on the Materials sector with new ratings on USA Rare Earth (USARResearch Report) and Cleveland-Cliffs (CLFResearch Report).

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USA Rare Earth (USAR)

Benchmark Co. analyst Subash Chandra maintained a Buy rating on USA Rare Earth yesterday and set 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. ;'>

USA Rare Earth has an analyst consensus of Strong Buy, with a price target consensus of $22.75.

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Cleveland-Cliffs (CLF)

Wells Fargo analyst Timna Tanners maintained a Hold rating on Cleveland-Cliffs today and set 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. ;'>

Currently, the analyst consensus on Cleveland-Cliffs is a Hold with an average price target of $13.25, implying 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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