Analysts Offer Insights on Materials Companies: Inter Pipeline Ltd (Other OTC: IPPLF) and SilverCrest Metals Inc (NYSE MKT: SILV)

By Austin Angelo

Companies in the Materials sector have received a lot of coverage today as analysts weigh in on Inter Pipeline Ltd (IPPLFResearch Report) and SilverCrest Metals Inc (SILVResearch Report).

Inter Pipeline Ltd (IPPLF)

In a report released today, Benjamin Pham from BMO Capital maintained a Hold rating on Inter Pipeline Ltd, with a price target of $24. The company’s shares closed last Monday at $18.98, close to its 52-week high of $19.20.

According to TipRanks.com, Pham is a 5-star analyst with an average return of 11.3% and a 81.6% success rate. Pham covers the Utilities sector, focusing on stocks such as Brookfield Renewable Partners L.P., Northland Power Inc, and TerraForm Power.

Inter Pipeline Ltd has an analyst consensus of Moderate Buy, with a price target consensus of $18.94.

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SilverCrest Metals Inc (SILV)

In a report released today, Mark Mihaljevic from RBC Capital maintained a Buy rating on SilverCrest Metals Inc, with a price target of $9.50. The company’s shares closed last Monday at $5.48.

According to TipRanks.com, Mihaljevic is a 3-star analyst with an average return of 5.0% and a 44.2% success rate. Mihaljevic covers the Basic Materials sector, focusing on stocks such as Torex Gold Resources Inc, Guyana Goldfields Inc, and Pan American Silver.

SilverCrest Metals Inc has an analyst consensus of Strong Buy, with a price target consensus of $6.39, implying a 15.3% upside from current levels. In a report issued on August 26, Desjardins also maintained a Buy rating on the stock with a $8.75 price target.

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