Franco Nevada Corp (FNV) Receives Consensus Rating of “Buy” from Brokerages
Shares of Franco Nevada Corp (TSE:FNV) (NYSE:FNV) have received a consensus recommendation of “Buy” from the eleven research firms that are presently covering the stock, Marketbeat reports. Three equities research analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average 1 year price target among analysts that have updated their coverage on the stock in the last year is C$99.57.
Several brokerages have weighed in on FNV. Scotiabank raised their price objective on Franco Nevada Corp to C$100.00 and gave the company a “sector perform” rating in a research note on Friday, September 8th. Bank of America Corporation raised their price objective on Franco Nevada Corp from C$107.00 to C$110.00 in a research note on Friday, September 8th. Canaccord Genuity lifted their target price on Franco Nevada Corp from C$114.00 to C$118.00 in a research note on Friday, September 29th. Finally, CIBC lifted their target price on Franco Nevada Corp from C$105.00 to C$110.00 in a research note on Thursday, August 10th.
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Franco Nevada Corp (TSE:FNV) opened at 102.52 on Wednesday. The company’s 50-day moving average is $99.39 and its 200-day moving average is $96.66. The firm has a market capitalization of $19.01 billion and a P/E ratio of 129.28. Franco Nevada Corp has a one year low of $71.44 and a one year high of $104.00.
In other news, Director Derek Watson Evans sold 65,000 shares of Franco Nevada Corp stock in a transaction on 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 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.
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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