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Analysts Offer Insights on Materials Companies: USA Rare Earth (USAR) and IAMGOLD (IAG)

Tipranks - Tue Jun 2, 10:04AM CDT

There’s a lot to be optimistic about in the Materials sector as 2 analysts just weighed in on USA Rare Earth (USAR) and IAMGOLD (IAG) with bullish sentiments.

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USA Rare Earth (USAR)

Roth MKM analyst Sujeeva De Silva maintained a Buy rating on USA Rare Earth today and set a price target of $40.00. The company’s shares closed last Monday at $30.09.

According to TipRanks.com, Silva is a top 25 analyst with an average return of 64.6% and a 63.4% success rate. Silva covers the Technology sector, focusing on stocks such as Credo Technology Group Holding Ltd, Advanced Micro Devices, and indie Semiconductor. ;'>

USA Rare Earth has an analyst consensus of Strong Buy, with a price target consensus of $37.67, representing a 35.3% upside. In a report issued on May 20, TipRanks – Google also upgraded the stock to Buy with a $22.50 price target.

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IAMGOLD (IAG)

In a report released today, Sathish Kasinathan from Bank of America Securities maintained a Buy rating on IAMGOLD. The company’s shares closed last Monday at $16.86.

Kasinathan has an average return of 41.7% when recommending IAMGOLD. ;'>

According to TipRanks.com, Kasinathan is ranked #2111 out of 12287 analysts.

IAMGOLD has an analyst consensus of Strong Buy, with a price target consensus of $26.79, representing a 53.9% upside. In a report issued on May 20, TipRanks – OpenAI also upgraded the stock to Buy with a C$25.00 price target.

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