Analysts Offer Insights on Materials Companies: Rio Tinto (RIO), Wheaton Precious Metals (WPM) and Victoria Gold (OtherVITFF)

There’s a lot to be optimistic about in the Materials sector as 3 analysts just weighed in on Rio Tinto (RIOResearch Report), Wheaton Precious Metals (WPMResearch Report) and Victoria Gold (VITFFResearch Report) with bullish sentiments.

Rio Tinto (RIO)

BMO Capital analyst Alexander Pearce maintained a Buy rating on Rio Tinto today and set a price target of £58.00. The company’s shares closed last Friday at $75.40.

According to TipRanks.com, Pearce is ranked #962 out of 7778 analysts.

Rio Tinto has an analyst consensus of Moderate Buy, with a price target consensus of $72.11.

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Wheaton Precious Metals (WPM)

BMO Capital analyst Jackie Przybylowski maintained a Buy rating on Wheaton Precious Metals today and set a price target of $48.00. The company’s shares closed last Friday at $39.66.

According to TipRanks.com, Przybylowski is a 4-star analyst with an average return of 20.4% and a 43.6% success rate. Przybylowski covers the Basic Materials sector, focusing on stocks such as Turquoise Hill Resources, First Quantum Minerals, and Osisko Gold Royalties.

Wheaton Precious Metals has an analyst consensus of Strong Buy, with a price target consensus of $50.54, representing a 26.8% upside. In a report issued on January 7, National Bank also maintained a Buy rating on the stock with a C$65.00 price target.

Victoria Gold (VITFF)

BMO Capital analyst Andrew Mikitchook maintained a Buy rating on Victoria Gold today and set a price target of $23.00. The company’s shares closed last Friday at $11.31.

According to TipRanks.com, Mikitchook is a 4-star analyst with an average return of 17.3% and a 58.9% success rate. Mikitchook covers the Basic Materials sector, focusing on stocks such as G Mining Ventures, Osisko Mining, and Artemis Gold.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Victoria Gold with a $21.11 average price target, which is an 86.3% upside from current levels. In a report issued on January 11, CIBC also initiated coverage with a Buy rating on the stock with a C$24.00 price target.

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