Franco Nevada (TSE:FNV) (NYSE:FNV) had its target price lifted by analysts at Canaccord Genuity from C$125.00 to C$126.00 in a note issued to investors on Tuesday. The firm currently has a “buy” rating on the stock. Canaccord Genuity’s target price indicates a potential upside of 40.02% from the company’s current price.
Several other research firms also recently weighed in on FNV. National Bank Financial dropped their target price on shares of Franco Nevada from C$107.50 to C$102.50 in a report on Friday, January 26th. Scotiabank raised their target price on shares of Franco Nevada to C$108.00 and gave the company a “sector perform” rating in a report on Tuesday, November 7th. CIBC raised their target price on shares of Franco Nevada from C$110.00 to C$120.00 in a report on Tuesday, November 7th. Royal Bank of Canada raised their target price on shares of Franco Nevada from C$100.00 to C$116.00 and gave the company an “outperform” rating in a report on Tuesday, November 14th. Finally, TD Securities raised their target price on shares of Franco Nevada to C$123.50 and gave the company a “buy” rating in a report on Tuesday, November 7th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and three have assigned a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus target price of C$115.21.
Shares of Franco Nevada (FNV) traded up C$0.80 during midday trading on Tuesday, hitting C$89.99. 360,063 shares of the company traded hands, compared to its average volume of 490,712. Franco Nevada has a 12-month low of C$81.01 and a 12-month high of C$110.18. The firm has a market capitalization of $16,540.00, a PE ratio of 88.76 and a beta of -0.53.
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About Franco Nevada
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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