Scotiabank Boosts Franco Nevada Corp (FNV) Price Target to C$100.00
Franco Nevada Corp (TSE:FNV) (NYSE:FNV) had its price target boosted by equities research analysts at Scotiabank to C$100.00 in a research note issued on Friday, StockTargetPrices.com reports. The brokerage presently has a “sector perform” rating on the stock. Scotiabank’s target price indicates a potential downside of 2.61% from the stock’s current price.
Several other brokerages have also recently issued reports on FNV. CIBC raised their target price on Franco Nevada Corp from C$105.00 to C$110.00 in a research report on Thursday, August 10th. Canaccord Genuity raised their target price on Franco Nevada Corp from C$111.00 to C$114.00 in a research report on Wednesday, August 9th. Finally, Bank of America Corporation raised their target price on Franco Nevada Corp from C$107.00 to C$110.00 in a research report on Friday. Three equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. The company presently has an average rating of “Buy” and an average price target of C$98.86.
Shares of Franco Nevada Corp (TSE FNV) traded down 0.01% during trading on Friday, hitting $102.68. 377,385 shares of the company were exchanged. The company has a 50 day moving average of $96.84 and a 200-day moving average of $93.17. Franco Nevada Corp has a 1-year low of $71.44 and a 1-year high of $104.00. The stock has a market capitalization of $19.04 billion and a PE ratio of 129.48.
In other news, Director Derek Watson Evans sold 65,000 shares of Franco Nevada Corp stock in a transaction dated Wednesday, August 16th. The stock was sold at an average price of C$99.81, for a total transaction of C$6,487,650.00. Also, insider Jason O’connell sold 5,753 shares of Franco Nevada Corp stock in a transaction dated Monday, June 26th. The shares were 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 worth $7,118,882 over the last three months.
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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