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Analysts Offer Insights on Materials Companies: Rio Tinto Limited (OtherRTNTF), NioCorp Developments (NB) and Compass Minerals International (CMP)

Tipranks - Tipranks - Wed May 20, 7:24AM CDT

Analysts have been eager to weigh in on the Materials sector with new ratings on Rio Tinto Limited (RTNTF), NioCorp Developments (NB) and Compass Minerals International (CMP).

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Rio Tinto Limited (RTNTF)

In a report released yesterday, Chris LaFemina from Jefferies maintained a Hold rating on Rio Tinto Limited, with a price target of A$178.00. The company’s shares closed last Tuesday at $125.94.

According to TipRanks.com, LaFemina is a 5-star analyst with an average return of 15.1% and a 56.3% success rate. LaFemina covers the Basic Materials sector, focusing on stocks such as First Quantum Minerals, Algoma Steel Group, and Freeport-McMoRan. ;'>

Currently, the analyst consensus on Rio Tinto Limited is a Moderate Buy with an average price target of $118.41, which is a -6.0% downside from current levels. In a report issued on May 3, TipRanks – xAI also downgraded the stock to Hold with a A$187.00 price target.

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NioCorp Developments (NB)

Maxim Group analyst Tate Sullivan reiterated a Buy rating on NioCorp Developments today and set a price target of $15.00. The company’s shares closed last Monday at $5.05.

According to TipRanks.com, Sullivan is a 4-star analyst with an average return of 5.1% and a 48.8% success rate. Sullivan covers the Industrial Goods sector, focusing on stocks such as Cheetah Net Supply Chain Service, Inc. Class A, Heidmar Maritime Holdings Corp., and American Battery Technology. ;'>

Currently, the analyst consensus on NioCorp Developments is a Strong Buy with an average price target of $12.50.

Compass Minerals International (CMP)

J.P. Morgan analyst Jeffrey Zekauskas upgraded Compass Minerals International to Hold yesterday and set a price target of $30.00. The company’s shares closed last Monday at $28.97.

According to TipRanks.com, Zekauskas is a 4-star analyst with an average return of 3.4% and a 54.1% success rate. Zekauskas covers the Basic Materials sector, focusing on stocks such as International Flavors & Fragrances, Air Products and Chemicals, and Scotts Miracle-Gro Company. ;'>

Currently, the analyst consensus on Compass Minerals International is a Hold with an average price target of $27.50, which is a -6.9% downside from current levels. In a report issued on May 7, TipRanks – Google also downgraded the stock to Hold with a $29.00 price target.

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