Analysts have been eager to weigh in on the Materials sector with new ratings on Pan American Silver (PAAS – Research Report), Rio Tinto Limited (RTNTF – Research Report) and Axalta Coating Systems (AXTA – Research Report).
Pan American Silver (PAAS)
RBC Capital analyst Michael Siperco maintained a Buy rating on Pan American Silver on March 4 and set a price target of $19.00. The company’s shares closed last Tuesday at $13.20, close to its 52-week low of $12.16.
According to TipRanks.com, Siperco has 0 stars on 0-5 stars ranking scale with an average return of
Pan American Silver has an analyst consensus of Strong Buy, with a price target consensus of $19.67, which is a 45.1% upside from current levels. In a report issued on February 22, BMO Capital also maintained a Buy rating on the stock with a $22.00 price target.
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Rio Tinto Limited (RTNTF)
In a report issued on March 4, Kaan Peker from RBC Capital maintained a Hold rating on Rio Tinto Limited, with a price target of A$132.00. The company’s shares closed last Tuesday at $82.21.
According to TipRanks.com, Peker is a 1-star analyst with an average return of
Currently, the analyst consensus on Rio Tinto Limited is a Moderate Buy with an average price target of $96.12, implying a 16.9% upside from current levels. In a report issued on February 22, UBS also maintained a Hold rating on the stock with a A$125.00 price target.
Axalta Coating Systems (AXTA)
RBC Capital analyst Arun Viswanathan maintained a Buy rating on Axalta Coating Systems on March 1 and set a price target of $39.00. The company’s shares closed last Tuesday at $32.28.
According to TipRanks.com, Viswanathan is a 4-star analyst with an average return of
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Axalta Coating Systems with a $37.80 average price target.
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Read More on PAAS:
- Pan American Silver announces normal course issuer bid
- Pan American Silver initiated with a Hold at Jefferies
- Pan American Silver price target lowered to C$26.25 from C$27.25 at National Bank
- Pan American Silver price target lowered to $17.50 from $18.50 at TD Securities
- Pan American Silver announces normal course issuer bid for up to 5% of shares