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Analysts Have Conflicting Sentiments on These Materials Companies: Franco-Nevada (FNV) and Orica Limited (OtherOCLDF)

Tipranks - Thu Mar 12, 5:54AM CDT

Companies in the Materials sector have received a lot of coverage today as analysts weigh in on Franco-Nevada (FNVResearch Report) and Orica Limited (OCLDFResearch Report).

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Franco-Nevada (FNV)

Bank of America Securities analyst Lawson Winder maintained a Hold rating on Franco-Nevada today and set a price target of C$384.00. The company’s shares closed last Tuesday at $262.57.

According to TipRanks.com, Winder is a 5-star analyst with an average return of 20.3% and a 60.0% success rate. Winder covers the Basic Materials sector, focusing on stocks such as Wheaton Precious Metals, Pan American Silver, and Nexa Resources SA. ;'>

Currently, the analyst consensus on Franco-Nevada is a Moderate Buy with an average price target of $291.83, which is a 9.2% upside from current levels. In a report issued on February 24, Canaccord Genuity also maintained a Hold rating on the stock with a C$380.00 price target.

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Orica Limited (OCLDF)

In a report released yesterday, Mark Wilson CFA from RBC Capital maintained a Buy rating on Orica Limited, with a price target of A$27.00. The company’s shares closed last Tuesday at $17.20.

CFA has an average return of 17.0% when recommending Orica Limited. ;'>

According to TipRanks.com, CFA is ranked #6907 out of 12124 analysts.

The word on The Street in general, suggests a Strong Buy analyst consensus rating for Orica Limited with a $19.40 average price target, representing a 15.0% upside. In a report released yesterday, Bell Potter also maintained a Buy rating on the stock with a A$28.50 price target.

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