Analysts Offer Insights on Materials Companies: Rio Tinto Limited (OtherRTNTF) and Pilbara Minerals (OtherPILBF)
Analysts fell to the sidelines weighing in on Rio Tinto Limited (RTNTF – Research Report) and Pilbara Minerals (PILBF – Research Report) with neutral ratings, indicating that the experts are neither bullish nor bearish on the stocks.
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Rio Tinto Limited (RTNTF)
Morgan Stanley analyst Rahul Anand maintained a Hold rating on Rio Tinto Limited today and set a price target of A$140.00. The company’s shares closed last Thursday at $116.23.
According to TipRanks.com, Anand is a 5-star analyst with an average return of
Currently, the analyst consensus on Rio Tinto Limited is a Hold with an average price target of $108.11, implying a -7.0% downside from current levels. In a report issued on February 10, Citi also maintained a Hold rating on the stock with a A$162.00 price target.
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Pilbara Minerals (PILBF)
In a report released today, Jack Whelan from Citi maintained a Hold rating on Pilbara Minerals, with a price target of A$5.25. The company’s shares closed last Thursday at $3.01.
According to TipRanks.com, Whelan is a 2-star analyst with an average return of
Pilbara Minerals has an analyst consensus of Moderate Buy, with a price target consensus of $3.26, representing a 2.8% upside. In a report issued on February 16, Jefferies also maintained a Hold rating on the stock.
