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Wall Street Analysts Are Neutral on Top Materials Picks

Tipranks - Wed Apr 22, 7:22PM CDT

Analysts fell to the sidelines weighing in on Rio Tinto Limited (RTNTF) and Lynas Rare Earths (LYSCF) with neutral ratings, indicating that the experts are neither bullish nor bearish on the stocks.

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Rio Tinto Limited (RTNTF)

In a report released today, Alain Gabriel from Morgan Stanley maintained a Hold rating on Rio Tinto Limited, with a price target of A$163.00. The company’s shares closed last Monday at $126.50.

Gabriel has an average return of 22.2% when recommending Rio Tinto Limited. ;'>

According to TipRanks.com, Gabriel is ranked #561 out of 12209 analysts.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Rio Tinto Limited with a $115.87 average price target, implying a -8.4% downside from current levels. 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)

Morgan Stanley analyst Rahul Anand maintained a Hold rating on Lynas Rare Earths today and set a price target of A$20.45. The company’s shares closed last Tuesday at $13.95.

According to TipRanks.com, Anand is a 5-star analyst with an average return of 14.1% and a 57.7% success rate. Anand covers the Basic Materials sector, focusing on stocks such as Sandfire Resources Limited, Fortescue Metals Group Ltd, and Iluka Resources Limited. ;'>

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, a 0.8% upside from current levels. In a report issued on April 14, Macquarie also downgraded the stock to Hold with a A$20.50 price target.

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