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Analysts Offer Insights on Materials Companies: Franco-Nevada (FNV) and Algoma Steel Group (ASTL)

Tipranks - Tipranks - Fri Mar 13, 8:34AM CDT

There’s a lot to be optimistic about in the Materials sector as 2 analysts just weighed in on Franco-Nevada (FNV – Research Report) and Algoma Steel Group (ASTL – Research Report) with bullish sentiments.

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Franco-Nevada (FNV)

Stifel Nicolaus analyst Ingrid Rico maintained a Buy rating on Franco-Nevada today and set a price target of C$380.00. The company’s shares closed last Wednesday at $265.72.

According to TipRanks.com, Rico is a top 25 analyst with an average return of 40.7% and a 74.4% success rate. Rico covers the Basic Materials sector, focusing on stocks such as Wheaton Precious Metals, Eldorado Gold, and Equinox Gold. ;'>

Currently, the analyst consensus on Franco-Nevada is a Moderate Buy with an average price target of $297.10, which is a 10.7% upside from current levels. In a report issued on March 2, RBC Capital also maintained a Buy rating on the stock with a $260.00 price target.

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Algoma Steel Group (ASTL)

Stifel Nicolaus analyst Ian Gillies maintained a Buy rating on Algoma Steel Group today and set a price target of C$11.50. The company’s shares closed last Wednesday at $4.33.

According to TipRanks.com, Gillies is ranked #666 out of 12127 analysts.

Currently, the analyst consensus on Algoma Steel Group is a Moderate Buy with an average price target of $5.77.

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