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Wall Street Analysts Are Bullish on Top Materials Picks

Tipranks - Tipranks - Tue Jun 16, 11:56AM CDT

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

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IAMGOLD (IAG)

TD Cowen analyst Steven Green maintained a Buy rating on IAMGOLD on June 10 and set a price target of C$36.00. The company’s shares closed last Monday at $17.99.

Green has an average return of 36.6% when recommending IAMGOLD. ;'>

According to TipRanks.com, Green is ranked #1532 out of 12307 analysts.

IAMGOLD has an analyst consensus of Strong Buy, with a price target consensus of $26.38, which is a 46.6% upside from current levels. In a report issued on May 26, TipRanks – OpenAI also upgraded the stock to Buy with a C$26.00 price target.

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Vale SA (VALE)

In a report issued on June 10, Marcio Farid from Goldman Sachs maintained a Buy rating on Vale SA, with a price target of $18.00. The company’s shares closed last Monday at $16.25.

According to TipRanks.com, Farid is a 5-star analyst with an average return of 34.5% and a 65.1% success rate. Farid covers the Basic Materials sector, focusing on stocks such as Sociedad Quimica Y Minera SA, First Quantum Minerals, and Hudbay Minerals. ;'>

Vale SA has an analyst consensus of Moderate Buy, with a price target consensus of $18.13, implying a 12.3% upside from current levels. In a report issued on June 8, TipRanks – DeepSeek also upgraded the stock to Buy with a $17.00 price target.

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