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Analysts Offer Insights on Materials Companies: Rio Tinto Limited (OtherRTNTF) and Nexa Resources SA (NEXA)

Tipranks - Thu Jun 4, 6:20AM CDT

Companies in the Materials sector have received a lot of coverage today as analysts weigh in on Rio Tinto Limited (RTNTF) and Nexa Resources SA (NEXA).

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Rio Tinto Limited (RTNTF)

RBC Capital analyst Kaan Peker maintained a Sell rating on Rio Tinto Limited today and set a price target of A$143.00. The company’s shares closed last Tuesday at $130.11.

According to TipRanks.com, Peker is a 5-star analyst with an average return of 26.3% and a 58.0% success rate. Peker covers the Basic Materials sector, focusing on stocks such as Northern Star Resources Ltd, Fortescue Metals Group Ltd, and Sandfire Resources Limited. ;'>

Currently, the analyst consensus on Rio Tinto Limited is a Moderate Buy with an average price target of $123.31.

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Nexa Resources SA (NEXA)

Citi analyst Gabriel Barra maintained a Hold rating on Nexa Resources SA yesterday and set a price target of $16.00. The company’s shares closed last Tuesday at $15.66.

According to TipRanks.com, Barra is ranked #3939 out of 12289 analysts.

Nexa Resources SA has an analyst consensus of Hold, with a price target consensus of $14.50, representing a -10.4% downside. In a report issued on May 20, TipRanks – OpenAI also reiterated a Hold rating on the stock with a $15.50 price target.

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