Franco Nevada Corp (FNV) PT Raised to C$110.00 at Bank of America Corporation
Franco Nevada Corp (TSE:FNV) (NYSE:FNV) had its price target lifted by stock analysts at Bank of America Corporation from C$107.00 to C$110.00 in a report released on Friday. Bank of America Corporation’s price objective indicates a potential upside of 7.12% from the stock’s current price.
FNV has been the topic of several other research reports. CIBC lifted their price target on Franco Nevada Corp from C$105.00 to C$110.00 in a research note on Thursday, August 10th. Canaccord Genuity lifted their price target on Franco Nevada Corp from C$111.00 to C$114.00 in a research note on Wednesday, August 9th. Finally, Scotiabank lifted their price target on Franco Nevada Corp to C$99.00 and gave the company a “sector perform” rating in a research note on Thursday, May 11th. Three research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. The stock has an average rating of “Buy” and an average target price of C$98.71.
Shares of Franco Nevada Corp (TSE FNV) traded down 0.32% during mid-day trading on Friday, hitting $102.36. The stock had a trading volume of 261,865 shares. Franco Nevada Corp has a 52 week low of $71.44 and a 52 week high of $104.00. The stock has a 50 day moving average price of $96.84 and a 200 day moving average price of $93.17. The firm has a market cap of $18.98 billion and a PE ratio of 129.08.
In related news, insider Jason O’connell sold 5,753 shares of the business’s stock in a transaction on Monday, June 26th. The stock was sold at an average price of C$98.17, for a total transaction of C$564,772.01. Also, Director Derek Watson Evans sold 65,000 shares of the business’s stock in a transaction on Wednesday, August 16th. The stock was sold at an average price of C$99.81, for a total value of C$6,487,650.00. In the last quarter, insiders sold 71,396 shares of company stock worth $7,118,882.
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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