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Analysts Offer Insights on Materials Companies: Royal Gold (RGLD) and Vale SA (VALE)

Tipranks - Thu Apr 2, 6:42AM CDT

Analysts fell to the sidelines weighing in on Royal Gold (RGLD) and Vale SA (VALE) with neutral ratings, indicating that the experts are neither bullish nor bearish on the stocks.

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Royal Gold (RGLD)

In a report released today, Tanya Jakusconek from Scotiabank maintained a Hold rating on Royal Gold, with a price target of $331.00. The company’s shares closed last Tuesday at $254.49.

According to TipRanks.com, Jakusconek is a 5-star analyst with an average return of 24.0% and a 63.5% success rate. Jakusconek covers the Basic Materials sector, focusing on stocks such as Compania de Minas Buenaventura SAA, Wheaton Precious Metals, and Anglogold Ashanti PLC. ;'>

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Royal Gold with a $327.17 average price target, implying a 34.6% upside from current levels. In a report issued on March 20, TipRanks – OpenAI also downgraded the stock to Hold with a $245.00 price target.

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Vale SA (VALE)

In a report released today, Alfonso Salazar from Scotiabank maintained a Hold rating on Vale SA, with a price target of $16.50. The company’s shares closed last Tuesday at $15.91.

According to TipRanks.com, Salazar is a 3-star analyst with an average return of 4.6% and a 58.6% success rate. Salazar covers the Basic Materials sector, focusing on stocks such as Southern Copper, Ternium SA, and FRESNILLO. ;'>

Vale SA has an analyst consensus of Moderate Buy, with a price target consensus of $17.20, which is an 11.2% upside from current levels. In a report issued on March 22, TipRanks – OpenAI also downgraded the stock to Hold with a $15.50 price target.

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