Analysts’ Top Materials Picks: First Quantum Minerals (FQVLF), Vale SA (VALE)

Analysts fell to the sidelines weighing in on First Quantum Minerals (FQVLF), Vale SA (VALE) and Cleveland-Cliffs (CLF) with neutral ratings, indicating that the experts are neither bullish nor bearish on the stocks.

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First Quantum Minerals (FQVLF)

In a report released yesterday, Patrick Jones from J.P. Morgan upgraded First Quantum Minerals to Hold, with a price target of C$37.00. The company’s shares closed last Tuesday at $25.01.

According to TipRanks.com, Jones is a 5-star analyst with an average return of 29.0% and a 56.9% success rate. Jones covers the Basic Materials sector, focusing on stocks such as Anglogold Ashanti PLC, Lundin Mining, and Gold Fields. ;'>

Currently, the analyst consensus on First Quantum Minerals is a Moderate Buy with an average price target of $32.38, representing a 24.8% upside. In a report issued on April 15, Deutsche Bank also maintained a Hold rating on the stock with a C$41.00 price target.

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Vale SA (VALE)

Scotiabank analyst Alfonso Salazar maintained a Hold rating on Vale SA today and set a price target of $16.50. The company’s shares closed last Tuesday at $16.91.

According to TipRanks.com, Salazar is a 3-star analyst with an average return of 4.2% and a 58.9% success rate. Salazar covers the Basic Materials sector, focusing on stocks such as Southern Copper, Ternium SA, and FRESNILLO. ;'>

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Vale SA with a $17.83 average price target, implying a 5.4% upside from current levels. In a report issued on April 17, TipRanks – OpenAI also downgraded the stock to Hold with a $19.00 price target.

Cleveland-Cliffs (CLF)

J.P. Morgan analyst Bill Peterson maintained a Hold rating on Cleveland-Cliffs on April 26 and set a price target of $9.00. The company’s shares closed last Tuesday at $10.22, close to its 52-week low of $8.48.

According to TipRanks.com, Peterson is a 4-star analyst with an average return of 7.4% and a 51.2% success rate. Peterson covers the Basic Materials sector, focusing on stocks such as Lithium Americas Corp., Ivanhoe Electric Inc., and Freeport-McMoRan. ;'>

Cleveland-Cliffs has an analyst consensus of Hold, with a price target consensus of $10.35, a -0.9% downside from current levels. In a report issued on April 20, TipRanks – PerPlexity also upgraded the stock to Hold with a $10.50 price target.

Read More on FQVLF:

Disclaimer & DisclosureReport an Issue

• FQVLF Upcoming Earnings Report: What to Expect?
• First Quantum Minerals upgraded to Neutral from Underweight at JPMorgan
• First Quantum Minerals price target raised to C$48 from C$47 at Canaccord
• First Quantum Minerals price target raised to C$41 from C$40 at Deutsche Bank
• First Quantum Minerals price target lowered to C$47 from C$48 at Scotiabank