Franco Nev Corp Upgraded to Outperform by Zacks (FNV)
Franco Nev Corp (NYSE:FNV) was upgraded by Zacks from a “neutral” rating to an “outperform” rating in a research note issued to investors on Monday, American Banking & Market News reports. The firm currently has a $55.00 price objective on the stock. Zacks‘ price objective would indicate a potential upside of 5.99% from the stock’s previous close.
Shares of Franco Nev Corp (NYSE:FNV) traded down 0.44% on Monday, hitting $51.89. 608,916 shares of the company’s stock traded hands. Franco Nev Corp has a one year low of $31.54 and a one year high of $53.36. The stock’s 50-day moving average is $45.60 and its 200-day moving average is $43.59. The company has a market cap of $7.628 billion and a P/E ratio of 130.95.
A number of other analysts have also recently weighed in on FNV. Analysts at Credit Suisse initiated coverage on shares of Franco Nev Corp in a research note on Wednesday, February 5th. They set a “neutral” rating and a $52.00 price target on the stock. Separately, analysts at Barclays cut their price target on shares of Franco Nev Corp from $51.00 to $49.00 in a research note on Friday, January 17th. Finally, analysts at Raymond James raised their price target on shares of Franco Nev Corp from $43.00 to $45.00 in a research note on Monday, December 16th. Five equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average target price of $46.30.
Franco-Nevada Corporation (NYSE:FNV), is a gold-focused royalty and stream company with additional interests in platinum group metals (PGMs), oil and gas and other resource assets.
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