Franco-Nevada PT Raised to C$71.00 at RBC Capital (FNV)
Research analysts at RBC Capital hoisted their price objective on shares of Franco-Nevada (TSE:FNV) from C$64.00 to C$71.00 in a report released on Wednesday. The firm currently has an “outperform” rating on the stock. RBC Capital’s target price indicates a potential upside of 15.92% from the stock’s previous close.
Franco-Nevada (TSE:FNV) opened at 61.25 on Wednesday. Franco-Nevada has a 52 week low of $34.06 and a 52 week high of $61.25. The stock has a 50-day moving average of $54.06 and a 200-day moving average of $52.22. The company has a market cap of $9.023 billion and a price-to-earnings ratio of 713.93.
Franco-Nevada (TSE:FNV) last announced its earnings results on Thursday, May 8th. The company reported $0.26 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.24 by $0.02. On average, analysts predict that Franco-Nevada will post $0.94 EPS for the current fiscal year.
Separately, analysts at Goldman Sachs initiated coverage on shares of Franco-Nevada in a research note on Tuesday, April 22nd. They set a “neutral” rating on the stock. Two equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus price target of C$58.00.
Franco-Nevada Corporation (TSE:FNV) is a gold-focused royalty and stream company with interests in platinum group metals (PGMs), oil and gas and other resource assets.
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