Companies in the Materials sector have received a lot of coverage today as analysts weigh in on Ball (BALL – Research Report), Franco-Nevada (FNV – Research Report) and Fortescue Metals Group Ltd (FSUMF – Research Report).
Ball (BALL)
RBC Capital analyst Arun Viswanathan maintained a Hold rating on Ball on August 29 and set a price target of $60.00. The company’s shares closed last Wednesday at $55.81, close to its 52-week low of $54.77.
According to TipRanks.com, Viswanathan is a 4-star analyst with an average return of
The word on The Street in general, suggests a Hold analyst consensus rating for Ball with a $65.87 average price target, which is a 15.5% upside from current levels. In a report issued on August 30, J.P. Morgan also downgraded the stock to Hold with a $58.00 price target.
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Franco-Nevada (FNV)
In a report issued on August 29, Josh Wolfson from RBC Capital maintained a Hold rating on Franco-Nevada, with a price target of $160.00. The company’s shares closed last Wednesday at $120.20.
According to TipRanks.com, Wolfson is a 1-star analyst with an average return of
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Franco-Nevada with a $152.76 average price target.
Fortescue Metals Group Ltd (FSUMF)
RBC Capital analyst Kaan Peker maintained a Sell rating on Fortescue Metals Group Ltd on August 29 and set a price target of A$17.00. The company’s shares closed last Wednesday at $12.75.
According to TipRanks.com, Peker is a 4-star analyst with an average return of
Fortescue Metals Group Ltd has an analyst consensus of Moderate Sell, with a price target consensus of $11.69, a -10.1% downside from current levels. In a report issued on August 30, CLSA also downgraded the stock to Sell with a A$16.00 price target.
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Read More on BALL:
- RBC Capital Remains a Buy on Northern Star Resources Ltd (NESRF)
- Ramelius Resources Limited (RMLRF) was downgraded to a Hold Rating at RBC Capital
- RBC Capital Keeps Their Buy Rating on Marathon Gold (MGDPF)
- RBC Capital Sticks to Its Buy Rating for Artemis Gold (ARGTF)
- RBC Capital Sticks to Their Buy Rating for Osisko Development (ODV)