Franco Nevada Corp (FNV) Lowered to Sector Perform Market Weight at National Bank Financial
National Bank Financial lowered shares of Franco Nevada Corp (TSE:FNV) from an outperform overweight rating to a sector perform market weight rating in a research note issued to investors on Wednesday.
Several other brokerages have also recently issued reports on FNV. CIBC raised their target price on Franco Nevada Corp from C$100.00 to C$110.00 in a research note on Wednesday, August 10th. TD Securities reissued a hold rating and set a C$77.00 price target on shares of Franco Nevada Corp in a report on Wednesday, August 10th. Finally, Canaccord Genuity lowered their price target on Franco Nevada Corp from C$105.00 to C$86.00 in a report on Tuesday, July 12th. Five equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Franco Nevada Corp presently has a consensus rating of Hold and an average target price of C$82.08.
Franco Nevada Corp (TSE:FNV) traded down 2.13% during mid-day trading on Wednesday, hitting $83.59. 184,211 shares of the stock were exchanged. The firm has a market cap of $14.89 billion and a price-to-earnings ratio of 247.31. The company has a 50 day moving average price of $92.05 and a 200 day moving average price of $91.57. Franco Nevada Corp has a 52-week low of $58.67 and a 52-week high of $105.69.
Franco Nevada Corp Company Profile
Franco-Nevada Corporation (Franco-Nevada) is a gold-focused royalty and stream company. The Company’s additional interests are in platinum group metals and other resource assets. The Company operates in the segment of resource sector royalty/stream acquisitions and management activities. The Company’s business model provides investors with gold price and exploration optionality.
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