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Analysts Offer Insights on Materials Companies: Iluka Resources Limited (OtherILKAF) and Perpetua Resources (PPTA)

Tipranks - Tue May 26, 6:36AM CDT

Companies in the Materials sector have received a lot of coverage today as analysts weigh in on Iluka Resources Limited (ILKAF) and Perpetua Resources (PPTA).

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Iluka Resources Limited (ILKAF)

UBS analyst Dim Ariyasinghe maintained a Hold rating on Iluka Resources Limited on May 20 and set a price target of A$5.25. The company’s shares closed last Friday at $5.73.

Ariyasinghe has an average return of 40.2% when recommending Iluka Resources Limited. ;'>

According to TipRanks.com, Ariyasinghe is ranked #1066 out of 12268 analysts.

Iluka Resources Limited has an analyst consensus of Moderate Buy, with a price target consensus of $5.59, a -2.5% downside from current levels. In a report issued on May 5, TipRanks – Google also upgraded the stock to Hold with a A$8.50 price target.

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Perpetua Resources (PPTA)

In a report released today, Brian Quast from BMO Capital maintained a Buy rating on Perpetua Resources, with a price target of C$47.00. The company’s shares closed last Friday at $25.32.

According to TipRanks.com, Quast is a 5-star analyst with an average return of 24.1% and a 59.7% success rate. Quast covers the Basic Materials sector, focusing on stocks such as Northern Star Resources Ltd, Americas Gold and Silver, and Alkane Resources Ltd. ;'>

Currently, the analyst consensus on Perpetua Resources is a Strong Buy with an average price target of $38.15, which is a 31.8% upside from current levels. In a report issued on May 12, H.C. Wainwright also reiterated a Buy rating on the stock with a $41.00 price target.

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