Franco Nevada Corp (FNV) PT Raised to C$115.00
Franco Nevada Corp (TSE:FNV) had its price target hoisted by investment analysts at Desjardins from C$110.00 to C$115.00 in a research note issued on Wednesday. The firm currently has a “buy” rating on the stock. Desjardins’ target price suggests a potential upside of 36.90% from the stock’s previous close.
FNV has been the subject of several other reports. Scotiabank restated a “sector perform” rating and issued a C$80.00 target price on shares of Franco Nevada Corp in a research note on Tuesday. National Bank Financial downgraded shares of Franco Nevada Corp from an “outperform overweight” rating to a “sector perform market weight” rating in a research note on Wednesday, October 12th. Canaccord Genuity decreased their target price on shares of Franco Nevada Corp from C$105.00 to C$86.00 in a research note on Tuesday, July 12th. TD Securities reaffirmed a “hold” rating and issued a C$77.00 price target on shares of Franco Nevada Corp in a report on Wednesday, August 10th. Finally, CIBC upped their price target on shares of Franco Nevada Corp from C$100.00 to C$110.00 in a report on Wednesday, August 10th. Five research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average price target of C$90.75.
Shares of Franco Nevada Corp (TSE:FNV) opened at 83.93 on Wednesday. Franco Nevada Corp has a one year low of $58.67 and a one year high of $105.69. The stock has a market cap of $14.95 billion and a P/E ratio of 248.31. The stock has a 50 day moving average of $87.96 and a 200 day moving average of $91.99.
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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