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Analysts Offer Insights on Materials Companies: Ivanhoe Electric Inc. (IE) and Rio Tinto Limited (OtherRTNTF)

Tipranks - Tipranks - Tue Feb 24, 6:28AM CST

Analysts have been eager to weigh in on the Materials sector with new ratings on Ivanhoe Electric Inc. (IE – Research Report) and Rio Tinto Limited (RTNTF – Research Report).

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Ivanhoe Electric Inc. (IE)

J.P. Morgan analyst Bill Peterson maintained a Buy rating on Ivanhoe Electric Inc. yesterday and set a price target of $22.00. The company’s shares closed last Friday at $14.92.

According to TipRanks.com, Peterson is a 4-star analyst with an average return of 8.0% and a 52.6% success rate. Peterson covers the Basic Materials sector, focusing on stocks such as Commercial Metals Company, Lithium Americas Corp., and Cleveland-Cliffs. ;'>

Currently, the analyst consensus on Ivanhoe Electric Inc. is a Moderate Buy with an average price target of $22.00.

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Rio Tinto Limited (RTNTF)

Goldman Sachs analyst Paul Young downgraded Rio Tinto Limited to Hold yesterday and set a price target of A$165.00. The company’s shares closed last Thursday at $116.23.

Young has an average return of 17.2% when recommending Rio Tinto Limited. ;'>

According to TipRanks.com, Young is ranked #1549 out of 12109 analysts.

Rio Tinto Limited has an analyst consensus of Hold, with a price target consensus of $108.60, which is a -6.6% downside from current levels. In a report issued on February 20, TipRanks – Anthropic also downgraded the stock to Hold with a A$180.00 price target.

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