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Analysts Offer Insights on Materials Companies: Franco-Nevada (FNV), MAG Silver (MAG) and Gold Royalty (GROY)

Companies in the Materials sector have received a lot of coverage today as analysts weigh in on Franco-Nevada (FNVResearch Report), MAG Silver (MAGResearch Report) and Gold Royalty (GROYResearch Report).

Franco-Nevada (FNV)

BMO Capital analyst Jackie Przybylowski maintained a Buy rating on Franco-Nevada today and set a price target of $227.00. The company’s shares closed last Tuesday at $137.02.

According to TipRanks.com, Przybylowski is a 4-star analyst with an average return of 15.1% and a 43.0% success rate. Przybylowski covers the Basic Materials sector, focusing on stocks such as Turquoise Hill Resources, Wheaton Precious Metals, and First Quantum Minerals.

Currently, the analyst consensus on Franco-Nevada is a Moderate Buy with an average price target of $176.97, a 28.3% upside from current levels. In a report issued on May 5, H.C. Wainwright also reiterated a Buy rating on the stock with a $180.00 price target.

See today’s best-performing stocks on TipRanks >>

MAG Silver (MAG)

In a report released today, Ryan Thompson from BMO Capital maintained a Hold rating on MAG Silver, with a price target of $21.50. The company’s shares closed last Tuesday at $13.63, close to its 52-week low of $12.05.

According to TipRanks.com, Thompson is a 4-star analyst with an average return of 7.3% and a 38.9% success rate. Thompson covers the Basic Materials sector, focusing on stocks such as First Majestic Silver, Torex Gold Resources, and Fortuna Silver Mines.

The word on The Street in general, suggests a Strong Buy analyst consensus rating for MAG Silver with a $22.53 average price target.

Gold Royalty (GROY)

BMO Capital analyst Rene Cartier maintained a Hold rating on Gold Royalty today and set a price target of C$5.00. The company’s shares closed last Tuesday at $3.15, close to its 52-week low of $2.75.

According to TipRanks.com, Cartier is a 5-star analyst with an average return of 27.0% and a 38.7% success rate. Cartier covers the Basic Materials sector, focusing on stocks such as Capstone Copper, Trilogy Metals, and Sandstorm Gold.

Gold Royalty has an analyst consensus of Moderate Buy, with a price target consensus of $6.07.

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