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Analysts’ Top Materials Picks: Kaiser Aluminum (KALU), Freeport-McMoRan (FCX)

Tipranks - Sat Apr 25, 6:34AM CDT

Analysts fell to the sidelines weighing in on Kaiser Aluminum (KALU) and Freeport-McMoRan (FCX) with neutral ratings, indicating that the experts are neither bullish nor bearish on the stocks.

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Kaiser Aluminum (KALU)

Wells Fargo analyst Timna Tanners maintained a Hold rating on Kaiser Aluminum today and set a price target of $160.00. The company’s shares closed last Thursday at $164.84.

According to TipRanks.com, Tanners is a 4-star analyst with an average return of 4.3% and a 56.0% success rate. Tanners covers the Basic Materials sector, focusing on stocks such as Martin Marietta Materials, Knife River Corporation, and Vulcan Materials. ;'>

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Kaiser Aluminum with a $155.67 average price target, representing a -7.7% downside. In a report issued on April 11, TipRanks – xAI also reiterated a Hold rating on the stock with a $149.00 price target.

See the top stocks recommended by analysts >>

Freeport-McMoRan (FCX)

RBC Capital analyst Sam Crittenden maintained a Hold rating on Freeport-McMoRan yesterday and set a price target of $70.00. The company’s shares closed last Thursday at $61.48.

According to TipRanks.com, Crittenden is a 5-star analyst with an average return of 27.1% and a 63.3% success rate. Crittenden covers the Basic Materials sector, focusing on stocks such as First Quantum Minerals, Nexa Resources SA, and Solaris Resources. ;'>

Currently, the analyst consensus on Freeport-McMoRan is a Strong Buy with an average price target of $71.91, a 15.5% upside from current levels. In a report released yesterday, TipRanks – Anthropic also downgraded the stock to Hold with a $74.00 price target.

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