Brokerages Set Franco Nevada Corp (FNV) Target Price at $92.00
Shares of Franco Nevada Corp (TSE:FNV) (NYSE:FNV) have been given an average rating of “Buy” by the eleven brokerages that are currently covering the stock, Marketbeat.com reports. Three analysts have rated the stock with a hold rating and three have given a buy rating to the company. The average 1 year price target among brokers that have covered the stock in the last year is C$92.00.
Several analysts recently weighed in on FNV shares. CIBC lowered their price objective on Franco Nevada Corp from C$105.00 to C$95.00 in a report on Thursday, May 11th. Clarkson Capital reiterated a “neutral” rating on shares of Franco Nevada Corp in a research report on Wednesday, May 10th. Scotiabank boosted their price objective on Franco Nevada Corp to C$99.00 and gave the stock a “sector perform” rating in a research report on Thursday, May 11th. Finally, TD Securities upgraded Franco Nevada Corp from a “hold” rating to a “buy” rating and boosted their price objective for the stock from C$71.00 to C$83.00 in a research report on Monday, March 27th.
In related news, insider Jason O’connell sold 5,753 shares of the company’s stock in a transaction on Monday, June 26th. The shares were sold at an average price of C$98.17, for a total value of C$564,772.01. Also, Director David Harquail sold 47,594 shares of the company’s stock in a transaction on Wednesday, May 31st. The stock was sold at an average price of C$100.72, for a total transaction of C$4,793,667.68. Insiders sold 200,750 shares of company stock worth $19,765,745 over the last ninety days.
Shares of Franco Nevada Corp (TSE FNV) traded down 1.28% during midday trading on Tuesday, reaching $92.56. The company’s stock had a trading volume of 358,293 shares. The company has a market cap of $16.73 billion and a P/E ratio of 121.63. Franco Nevada Corp has a 12-month low of $71.44 and a 12-month high of $105.69. The stock’s 50-day moving average price is $95.14 and its 200-day moving average price is $90.30.
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About Franco Nevada Corp
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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