Franco Nevada Corp (FNV) Given Average Recommendation of “Buy” by Analysts
Shares of Franco Nevada Corp (TSE:FNV) (NYSE:FNV) have earned a consensus recommendation of “Buy” from the eleven analysts that are covering the stock, Marketbeat Ratings reports. Three analysts have rated the stock with a hold rating and three have issued a buy rating on the company. The average 12 month price target among brokerages that have covered the stock in the last year is C$92.00.
Several research firms recently commented on FNV. TD Securities upgraded Franco Nevada Corp from a “hold” rating to a “buy” rating and lifted their price objective for the stock from C$71.00 to C$83.00 in a report on Monday, March 27th. Scotiabank reiterated a “sector perform” rating and issued a C$71.50 price objective on shares of Franco Nevada Corp in a report on Thursday, March 23rd. CIBC reduced their price objective on Franco Nevada Corp from C$105.00 to C$95.00 in a report on Thursday, May 11th. Finally, Clarkson Capital reiterated a “neutral” rating on shares of Franco Nevada Corp in a report on Wednesday, May 10th.
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Shares of Franco Nevada Corp (FNV) opened at 97.42 on Tuesday. Franco Nevada Corp has a 1-year low of $71.44 and a 1-year high of $105.69. The firm’s 50-day moving average price is $96.87 and its 200 day moving average price is $88.02. The stock has a market capitalization of $17.61 billion and a P/E ratio of 128.02.
In other Franco Nevada Corp news, Director Pierre Lassonde sold 20,000 shares of the business’s stock in a transaction dated Friday, May 12th. The stock was sold at an average price of C$97.11, for a total transaction of C$1,942,200.00. Also, insider Sandip Rana sold 25,000 shares of the business’s stock in a transaction dated Wednesday, May 31st. The shares were sold at an average price of C$100.31, for a total value of C$2,507,750.00. Over the last 90 days, insiders have sold 200,750 shares of company stock valued at $19,765,745.
Franco Nevada Corp Company Profile
Franco-Nevada Corporation (Franco-Nevada) is a gold-focused royalty and stream company. The Company has interests in silver, platinum group metals, oil and gas and other resource assets. The Company is engaged in resource sector royalty/stream acquisitions and management activities. It has a portfolio of properties in the United States, Canada, Mexico, Peru, Chile and Africa.
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