Franco Nevada Corp (FNV) Given Consensus Recommendation of “Buy” by Analysts
Shares of Franco Nevada Corp (TSE:FNV) (NYSE:FNV) have earned an average rating of “Buy” from the eleven analysts that are covering the stock, Marketbeat reports. Three research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The average twelve-month target price among brokers that have covered the stock in the last year is C$92.00.
A number of brokerages recently commented on FNV. Clarkson Capital reaffirmed a “neutral” rating on shares of Franco Nevada Corp in a research report on Wednesday, May 10th. Scotiabank increased their price target on Franco Nevada Corp to C$99.00 and gave the company a “sector perform” rating in a research report on Thursday, May 11th. CIBC decreased their price target on Franco Nevada Corp from C$105.00 to C$95.00 in a research report on Thursday, May 11th. Finally, TD Securities raised Franco Nevada Corp from a “hold” rating to a “buy” rating and increased their price target for the company from C$71.00 to C$83.00 in a research report on Monday, March 27th.
Franco Nevada Corp (TSE:FNV) opened at 92.56 on Monday. Franco Nevada Corp has a 52 week low of $71.44 and a 52 week high of $105.69. The company has a market capitalization of $16.73 billion and a P/E ratio of 121.63. The stock’s 50 day moving average price is $95.14 and its 200 day moving average price is $90.30.
In other news, Director Louis P. Gignac sold 25,000 shares of the firm’s stock in a transaction on Monday, May 15th. The stock was sold at an average price of C$98.17, for a total value of C$2,454,250.00. Also, Director Pierre Lassonde sold 20,000 shares of the firm’s stock in a transaction on Friday, May 12th. The stock was sold at an average price of C$97.11, for a total value of C$1,942,200.00. Over the last three months, insiders have sold 200,750 shares of company stock valued at $19,765,745.
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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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