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Analysts Offer Insights on Materials Companies: Rio Tinto (RIO), B2Gold (BTG) and Peabody Energy Comm (BTU)

Analysts have been eager to weigh in on the Materials sector with new ratings on Rio Tinto (RIOResearch Report), B2Gold (BTGResearch Report) and Peabody Energy Comm (BTUResearch Report).

Rio Tinto (RIO)

In a report released today, Alexander Pearce from BMO Capital maintained a Buy rating on Rio Tinto, with a price target of £55.00. The company’s shares closed last Thursday at $54.68, close to its 52-week low of $54.22.

According to TipRanks.com, Pearce is ranked #1076 out of 7917 analysts.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Rio Tinto with a $78.58 average price target, a 42.7% upside from current levels. In a report issued on July 8, Jefferies also maintained a Buy rating on the stock with a $92.00 price target.

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B2Gold (BTG)

In a report released today, Brian Quast from BMO Capital maintained a Buy rating on B2Gold, with a price target of $7.00. The company’s shares closed last Thursday at $3.19, close to its 52-week low of $3.10.

According to TipRanks.com, Quast is a 2-star analyst with an average return of -0.3% and a 40.2% success rate. Quast covers the Basic Materials sector, focusing on stocks such as Evolution Mining Limited, Eldorado Gold, and Argonaut Gold.

Currently, the analyst consensus on B2Gold is a Strong Buy with an average price target of $6.50.

Peabody Energy Comm (BTU)

In a report released today, David Gagliano from BMO Capital maintained a Hold rating on Peabody Energy Comm, with a price target of $28.00. The company’s shares closed last Thursday at $20.70.

According to TipRanks.com, Gagliano is a 4-star analyst with an average return of 5.3% and a 45.7% success rate. Gagliano covers the Basic Materials sector, focusing on stocks such as Commercial Metals Company, United States Steel, and Freeport-McMoRan.

Currently, the analyst consensus on Peabody Energy Comm is a Strong Buy with an average price target of $31.50.

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