Franco Nevada Corp (FNV) Given New C$110.00 Price Target at Bank of America Corporation
Franco Nevada Corp (TSE:FNV) (NYSE:FNV) had its price objective raised by analysts at Bank of America Corporation from C$107.00 to C$110.00 in a research report issued to clients and investors on Friday. Bank of America Corporation’s price objective points to a potential upside of 7.12% from the stock’s previous close.
Other analysts have also issued research reports about the company. CIBC reduced their target price on Franco Nevada Corp from C$105.00 to C$95.00 in a report on Thursday, May 11th. Canaccord Genuity lifted their target price on Franco Nevada Corp from C$111.00 to C$114.00 in a report on Wednesday, August 9th. Finally, Scotiabank lifted their target price on Franco Nevada Corp to C$99.00 and gave the stock a “sector perform” rating in a report on Thursday, May 11th. Three research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average price target of C$98.71.
Franco Nevada Corp (TSE:FNV) traded down 0.29% on Friday, reaching $102.39. The company’s stock had a trading volume of 281,165 shares. The company’s 50 day moving average price is $96.84 and its 200-day moving average price is $93.17. Franco Nevada Corp has a 12-month low of $71.44 and a 12-month high of $104.00. The stock has a market cap of $18.99 billion and a PE ratio of 129.12.
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In related news, insider Kerry Elwyn Sparkes sold 643 shares of Franco Nevada Corp stock in a transaction on Tuesday, August 29th. The stock was sold at an average price of C$103.36, for a total value of C$66,460.48. Also, insider Jason O’connell sold 5,753 shares of Franco Nevada Corp stock in a transaction on Monday, June 26th. The stock was sold at an average price of C$98.17, for a total value of C$564,772.01. Insiders sold 71,396 shares of company stock valued at $7,118,882 in the last ninety days.
About Franco Nevada Corp
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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