Franco-Nevada (FNV) PT Lowered to C$124.00
Franco-Nevada (TSE:FNV) (NYSE:FNV) had its price target reduced by TD Securities to C$124.00 in a report released on Friday, StockTargetPrices.com reports. The brokerage currently has a “buy” rating on the stock. TD Securities’ price objective points to a potential upside of 17.97% from the company’s previous close.
A number of other research firms also recently weighed in on FNV. CIBC upped their target price on Franco-Nevada from C$110.00 to C$120.00 in a research report on Tuesday, November 7th. Canaccord Genuity upped their target price on Franco-Nevada from C$111.00 to C$114.00 in a research report on Wednesday, August 9th. Scotiabank upped their target price on Franco-Nevada to C$108.00 and gave the company a “sector perform” rating in a research report on Tuesday, November 7th. National Bank Financial upped their target price on Franco-Nevada from C$100.00 to C$107.50 and gave the company a “sector perform” rating in a research report on Tuesday, November 7th. Finally, Eight Capital reiterated a “neutral” rating on shares of Franco-Nevada in a research report on Thursday, November 16th. Five investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. Franco-Nevada currently has a consensus rating of “Hold” and a consensus price target of C$109.06.
Franco-Nevada (TSE:FNV) traded down C$1.54 during trading hours on Friday, hitting C$105.11. The stock had a trading volume of 1,290,962 shares, compared to its average volume of 468,552. Franco-Nevada has a 1 year low of C$71.44 and a 1 year high of C$110.18.
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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