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Analysts Offer Insights on Materials Companies: Wheaton Precious Metals (WPM) and MP Materials (MP)

Tipranks - Sat Aug 8, 3:52PM CDT

There’s a lot to be optimistic about in the Materials sector as 2 analysts just weighed in on Wheaton Precious Metals (WPM) and MP Materials (MP) with bullish sentiments.

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Wheaton Precious Metals (WPM)

In a report released today, Ingrid Rico from Stifel Nicolaus maintained a Buy rating on Wheaton Precious Metals, with a price target of C$250.00. The company’s shares closed last Friday at $134.20.

Rico has an average return of 22.8% when recommending Wheaton Precious Metals. ;'>

According to TipRanks.com, Rico is ranked #65 out of 12455 analysts.

The word on The Street in general, suggests a Strong Buy analyst consensus rating for Wheaton Precious Metals with a $169.67 average price target, representing a 27.3% upside. In a report issued on July 27, RBC Capital also maintained a Buy rating on the stock with a $160.00 price target.

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MP Materials (MP)

In a report released today, Lawson Winder from Bank of America Securities maintained a Buy rating on MP Materials. The company’s shares closed last Friday at $51.11.

According to TipRanks.com, Winder is a 5-star analyst with an average return of 15.5% and a 56.3% success rate. Winder covers the Basic Materials sector, focusing on stocks such as Wheaton Precious Metals, Pan American Silver, and Nexa Resources SA. ;'>

The word on The Street in general, suggests a Strong Buy analyst consensus rating for MP Materials with a $75.05 average price target, representing a 48.1% upside. In a report released yesterday, Canaccord Genuity also maintained a Buy rating on the stock with a $82.00 price target.

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