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Analysts Have Conflicting Sentiments on These Materials Companies: Southern Copper (SCCO) and Iperionx Ltd. ADR (IPX)

Tipranks - Fri Mar 20, 6:46AM CDT

Companies in the Materials sector have received a lot of coverage today as analysts weigh in on Southern Copper (SCCO) and Iperionx Ltd. ADR (IPX).

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Southern Copper (SCCO)

Wells Fargo analyst Timna Tanners maintained a Hold rating on Southern Copper today and set a price target of $192.00. The company’s shares closed last Wednesday at $166.72.

According to TipRanks.com, Tanners is a 3-star analyst with an average return of 2.5% and a 54.0% success rate. Tanners covers the Basic Materials sector, focusing on stocks such as Martin Marietta Materials, Commercial Metals Company, and Knife River Corporation. ;'>

Currently, the analyst consensus on Southern Copper is a Moderate Sell with an average price target of $147.69, a -13.5% downside from current levels. In a report issued on March 8, TipRanks – xAI also downgraded the stock to Hold with a $202.00 price target.

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Iperionx Ltd. ADR (IPX)

William Blair analyst Neal Dingmann reiterated a Buy rating on Iperionx Ltd. ADR today. The company’s shares closed last Wednesday at $26.27.

According to TipRanks.com, Dingmann is a 4-star analyst with an average return of 2.8% and a 50.9% success rate. Dingmann covers the NA sector, focusing on stocks such as Crescent Energy Company Class A, Kodiak Gas Services, Inc., and Mach Natural Resources LP. ;'>

Currently, the analyst consensus on Iperionx Ltd. ADR is a Strong Buy with an average price target of $61.50, which is an 118.7% upside from current levels. In a report issued on March 13, Roth MKM also maintained a Buy rating on the stock with a $71.00 price target.

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