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Analysts Offer Insights on Materials Companies: Rio Tinto Limited (OtherRTNTF) and Lynas Rare Earths (OtherLYSCF)

Tipranks - Wed Apr 22, 6:50PM CDT

Analysts have been eager to weigh in on the Materials sector with new ratings on Rio Tinto Limited (RTNTF) and Lynas Rare Earths (LYSCF).

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Rio Tinto Limited (RTNTF)

UBS analyst Lachlan Shaw maintained a Hold rating on Rio Tinto Limited today and set a price target of A$160.00. The company’s shares closed last Monday at $126.50.

According to TipRanks.com, Shaw is ranked 0 out of 5 stars with an average return of -3.7% and a 51.3% success rate. Shaw covers the Basic Materials sector, focusing on stocks such as Fortescue Metals Group Ltd, Mineral Resources Limited, and BHP Group Ltd. ;'>

Currently, the analyst consensus on Rio Tinto Limited is a Moderate Buy with an average price target of $115.87, representing a -8.4% downside. In a report issued on April 9, TipRanks – xAI also downgraded the stock to Hold with a A$188.00 price target.

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Lynas Rare Earths (LYSCF)

In a report released today, Dim Ariyasinghe from UBS maintained a Buy rating on Lynas Rare Earths, with a price target of A$23.65. The company’s shares closed last Tuesday at $13.95.

Ariyasinghe has an average return of 50.4% when recommending Lynas Rare Earths . ;'>

According to TipRanks.com, Ariyasinghe is ranked #949 out of 12209 analysts.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Lynas Rare Earths with a $14.43 average price target, which is a 0.8% upside from current levels. In a report issued on April 10, Jefferies also maintained a Buy rating on the stock with a A$25.50 price target.

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