Thursday’s Analyst Upgrades and Downgrades
- Here's a breakdown of the analyst actions mentioned in the text, organized for clarity:
- * Raymond James (sidibé): Increased NAV to $8.96/share (from $4.95).
- (MP-N): Received a $400 million investment from the US government (equity purchase of preferred shares) and a 10-year offtake agreement with a price floor.
Here’s a breakdown of the analyst actions mentioned in the text, organized for clarity:
Lithium Americas (LAC)
* Raymond James (sidibé): Increased NAV to $8.96/share (from $4.95). Raised target to $10 (from $5), maintaining a “sector perform” rating.
* Canaccord Genuity (Lachapelle): Downgraded to “sell” from “speculative buy” with a $6.25 target.
rare Earths/Critical Minerals
* MP Materials Corp. (MP-N): Received a $400 million investment from the US government (equity purchase of preferred shares) and a 10-year offtake agreement with a price floor. (Used as a comparison point for the Lithium Americas deal).
Precious Metals
* Franco-Nevada Corp. (FNV-T): Downgraded to “hold” from “buy” with a $322 target (up from $270).average target is $258.26.
* OR Royalties Inc. (OR-T): Downgraded to “hold” from “buy” with a $56 target (up from $44). Average target is $43.72.
* Triple flag Precious Metals Corp. (TFPM-T): Downgraded to “hold” from “buy” with a $42 target (up from $37.50). Average target is $39.85.
railways
* Canadian National Railway Co.(CNI-N): Barclays’ Brandon Oglenski cut his target (no specific target price given in the text).