Analysts Offer Insights on Materials Companies: Franco Nev Corp (NYSE: FNV) and SilverCrest Metals Inc (NYSE MKT: SILV)

Analysts have been eager to weigh in on the Materials sector with new ratings on Franco Nev Corp (FNVResearch Report) and SilverCrest Metals Inc (SILVResearch Report).

Franco Nev Corp (FNV)

In a report released today, Andrew Kaip from BMO Capital maintained a Hold rating on Franco Nev Corp, with a price target of $130. The company’s shares closed last Monday at $94.47, close to its 52-week high of $101.19.

According to TipRanks.com, Kaip is a 1-star analyst with an average return of -2.2% and a 36.6% success rate. Kaip covers the Basic Materials sector, focusing on stocks such as Newmont Mining Corporation, Osisko Gold Royalties Ltd, and Barrick Gold Corporation.

Currently, the analyst consensus on Franco Nev Corp is a Hold with an average price target of $94.92.

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SilverCrest Metals Inc (SILV)

BMO Capital analyst Ryan Thompson maintained a Buy rating on SilverCrest Metals Inc today and set a price target of $9.50. The company’s shares closed last Monday at $5.74.

According to TipRanks.com, Thompson is a 4-star analyst with an average return of 8.2% and a 52.3% success rate. Thompson covers the Basic Materials sector, focusing on stocks such as North American Palladium, Endeavour Silver Corp, and First Majestic Silver.

The word on The Street in general, suggests a Strong Buy analyst consensus rating for SilverCrest Metals Inc with a $6.60 average price target, implying a 20.0% upside from current levels. In a report issued on September 9, RBC Capital also maintained a Buy rating on the stock with a $9.50 price target.

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