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Analysts Offer Insights on Materials Companies: Franco-Nevada (FNV), Corteva (CTVA) and Sigma Lithium (SGML)

Tipranks - Fri Feb 6, 1:38AM CST

Analysts have been eager to weigh in on the Materials sector with new ratings on Franco-Nevada (FNVResearch Report), Corteva (CTVAResearch Report) and Sigma Lithium (SGMLResearch Report).

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Franco-Nevada (FNV)

RBC Capital analyst Josh Wolfson maintained a Buy rating on Franco-Nevada on February 3 and set a price target of $260.00. The company’s shares closed last Wednesday at $238.56.

According to TipRanks.com, Wolfson is a top 100 analyst with an average return of 24.4% and a 70.0% success rate. Wolfson covers the Basic Materials sector, focusing on stocks such as Wheaton Precious Metals, Anglogold Ashanti PLC, and Hecla Mining Company. ;'>

Franco-Nevada has an analyst consensus of Moderate Buy, with a price target consensus of $281.60, which is a 15.4% upside from current levels. In a report issued on January 30, TipRanks – xAI also initiated coverage with a Buy rating on the stock with a C$414.00 price target.

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Corteva (CTVA)

KeyBanc analyst Aleksey Yefremov maintained a Hold rating on Corteva today. The company’s shares closed last Wednesday at $75.12.

According to TipRanks.com, Yefremov is a 4-star analyst with an average return of 5.7% and a 54.8% success rate. Yefremov covers the Basic Materials sector, focusing on stocks such as Sherwin-Williams Company, DuPont de Nemours, and Eastman Chemical. ;'>

The word on The Street in general, suggests a Strong Buy analyst consensus rating for Corteva with a $78.85 average price target, a 7.9% upside from current levels. In a report issued on January 24, TipRanks – xAI also reiterated a Hold rating on the stock with a $78.00 price target.

Sigma Lithium (SGML)

Cormark Securities analyst Macmurray Whale reiterated a Buy rating on Sigma Lithium yesterday and set a price target of $19.50. The company’s shares closed last Wednesday at $12.30.

According to TipRanks.com, Whale is ranked #2953 out of 12040 analysts.

Sigma Lithium has an analyst consensus of Moderate Buy, with a price target consensus of $19.27, a 61.3% upside from current levels. In a report issued on January 23, Canaccord Genuity also upgraded the stock to Buy with a C$28.00 price target.

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