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Analysts Have Conflicting Sentiments on These Materials Companies: Freeport-McMoRan (FCX), Gold Fields (GFI) and Vale SA (VALE)

Analysts have been eager to weigh in on the Materials sector with new ratings on Freeport-McMoRan (FCXResearch Report), Gold Fields (GFIResearch Report) and Vale SA (VALEResearch Report).

Freeport-McMoRan (FCX)

RBC Capital analyst Sam Crittenden maintained a Hold rating on Freeport-McMoRan on June 1 and set a price target of $46.00. The company’s shares closed last Friday at $41.33.

According to TipRanks.com, Crittenden is a 5-star analyst with an average return of 26.3% and a 59.9% success rate. Crittenden covers the Basic Materials sector, focusing on stocks such as First Quantum Minerals, Nexa Resources SA, and Warrior Met Coal.

Currently, the analyst consensus on Freeport-McMoRan is a Moderate Buy with an average price target of $51.15.

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Gold Fields (GFI)

In a report issued on June 2, Josh Wolfson from RBC Capital maintained a Buy rating on Gold Fields, with a price target of $13.00. The company’s shares closed last Friday at $9.70.

According to TipRanks.com, Wolfson is a 2-star analyst with an average return of 0.1% and a 52.2% success rate. Wolfson covers the Basic Materials sector, focusing on stocks such as Wheaton Precious Metals, Osisko Gold Royalties, and Anglogold Ashanti.

Currently, the analyst consensus on Gold Fields is a Hold with an average price target of $14.20.

Vale SA (VALE)

RBC Capital analyst Tyler Broda maintained a Hold rating on Vale SA on June 1 and set a price target of $18.00. The company’s shares closed last Friday at $18.54.

According to TipRanks.com, Broda is a 4-star analyst with an average return of 5.3% and a 46.9% success rate. Broda covers the Basic Materials sector, focusing on stocks such as Sibanye Stillwater, Anglo American, and BHP Group Ltd.

Currently, the analyst consensus on Vale SA is a Hold with an average price target of $19.86.

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