Canaccord Genuity Trims Franco Nevada (FNV) Target Price to C$122.00
A number of other brokerages have also recently issued reports on FNV. Royal Bank of Canada boosted their target price on Franco Nevada from C$100.00 to C$116.00 and gave the stock an outperform rating in a report on Tuesday, November 14th. Eight Capital reiterated a neutral rating on shares of Franco Nevada in a report on Thursday, November 16th. TD Securities decreased their target price on Franco Nevada to C$124.00 and set a buy rating for the company in a report on Friday, December 1st. Desjardins reiterated a sell rating on shares of Franco Nevada in a report on Monday, December 11th. Finally, National Bank Financial decreased their target price on Franco Nevada from C$107.50 to C$102.50 in a report on Friday, January 26th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and three have assigned a buy rating to the company. The company currently has an average rating of Hold and a consensus price target of C$114.29.
Shares of Franco Nevada (FNV) opened at C$87.25 on Thursday. The company has a market capitalization of $16,180.00, a PE ratio of 63.69 and a beta of -0.44. Franco Nevada has a fifty-two week low of C$81.71 and a fifty-two week high of C$110.18.
In other Franco Nevada news, Director Pierre Lassonde sold 20,000 shares of the company’s stock in a transaction that occurred on Friday, December 15th. The stock was sold at an average price of C$97.96, for a total value of C$1,959,200.00. Also, insider Lloyd Hyunsoo Hong sold 4,000 shares of the company’s stock in a transaction that occurred on Tuesday, December 12th. The stock was sold at an average price of C$96.81, for a total value of C$387,240.00. In the last 90 days, insiders sold 29,000 shares of company stock valued at $2,843,090.
ILLEGAL ACTIVITY NOTICE: “Canaccord Genuity Trims Franco Nevada (FNV) Target Price to C$122.00” was published by The Cerbat Gem and is the property of of The Cerbat Gem. If you are viewing this piece of content on another domain, it was illegally copied and reposted in violation of U.S. & international trademark & copyright law. The original version of this piece of content can be accessed at https://www.thecerbatgem.com/2018/03/12/canaccord-genuity-trims-franco-nevada-fnv-target-price-to-c122-00.html.
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.
Receive News & Ratings for Franco Nevada Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Franco Nevada and related companies with MarketBeat.com's FREE daily email newsletter.