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Analysts Are Neutral on Top Materials Stocks: Ivanhoe Mines (IVPAF), Sociedad Quimica Y Minera SA (SQM)

Tipranks - Fri May 29, 8:12AM CDT

Analysts fell to the sidelines weighing in on Ivanhoe Mines (IVPAF) and Sociedad Quimica Y Minera SA (SQM) with neutral ratings, indicating that the experts are neither bullish nor bearish on the stocks.

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Ivanhoe Mines (IVPAF)

In a report released today, Fahad Tariq from Jefferies maintained a Hold rating on Ivanhoe Mines, with a price target of C$13.00. The company’s shares closed last Wednesday at $8.48, close to its 52-week low of $8.38.

According to TipRanks.com, Tariq is a 5-star analyst with an average return of 15.8% and a 67.7% success rate. Tariq covers the Basic Materials sector, focusing on stocks such as Capstone Copper, Hudbay Minerals, and NGEx Minerals. ;'>

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Ivanhoe Mines with a $10.16 average price target.

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Sociedad Quimica Y Minera SA (SQM)

In a report released yesterday, Marcio Farid from Goldman Sachs maintained a Hold rating on Sociedad Quimica Y Minera SA, with a price target of $64.00. The company’s shares closed last Wednesday at $83.94.

According to TipRanks.com, Farid is a 5-star analyst with an average return of 36.2% and a 65.1% success rate. Farid covers the Basic Materials sector, focusing on stocks such as First Quantum Minerals, Hudbay Minerals, and Aura Minerals. ;'>

Currently, the analyst consensus on Sociedad Quimica Y Minera SA is a Hold with an average price target of $82.63, a 5.9% upside from current levels. In a report issued on May 23, TipRanks – OpenAI also reiterated a Hold rating on the stock with a $86.00 price target.

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