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Analysts Offer Insights on Materials Companies: USA Rare Earth (USAR) and Wheaton Precious Metals (WPM)

Tipranks - Wed Feb 18, 7:14AM CST

There’s a lot to be optimistic about in the Materials sector as 2 analysts just weighed in on USA Rare Earth (USARResearch Report) and Wheaton Precious Metals (WPMResearch Report) with bullish sentiments.

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USA Rare Earth (USAR)

In a report released today, Sujeeva De Silva from Roth MKM maintained a Buy rating on USA Rare Earth, with a price target of $35.00. The company’s shares closed last Friday at $19.40, close to its 52-week high of $20.00.

According to TipRanks.com, Silva is a 5-star analyst with an average return of 35.5% and a 51.0% success rate. Silva covers the Technology sector, focusing on stocks such as Credo Technology Group Holding Ltd, Advanced Micro Devices, and SiTime Corporation. ;'>

The word on The Street in general, suggests a Strong Buy analyst consensus rating for USA Rare Earth with a $37.00 average price target, which is a 90.2% upside from current levels. In a report issued on February 2, TipRanks – Google also upgraded the stock to Buy with a $26.00 price target.

See today’s best-performing stocks on TipRanks >>

Wheaton Precious Metals (WPM)

Canaccord Genuity analyst Carey MacRury maintained a Buy rating on Wheaton Precious Metals today and set a price target of C$235.00. The company’s shares closed last Friday at $145.90.

According to TipRanks.com, MacRury is a top 100 analyst with an average return of 31.4% and a 66.8% success rate. MacRury covers the Basic Materials sector, focusing on stocks such as Metalla Royalty & Streaming, Barrick Mining, and Eldorado Gold. ;'>

Currently, the analyst consensus on Wheaton Precious Metals is a Strong Buy with an average price target of $164.82, representing a 16.1% upside. In a report issued on February 3, RBC Capital also maintained a Buy rating on the stock with a $145.00 price target.

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