Franco Nevada Corp (TSE:FNV) (NYSE:FNV) has received an average rating of “Hold” from the twelve brokerages that are presently covering the stock. Three analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The average 12 month price objective among brokerages that have updated their coverage on the stock in the last year is C$85.94.
Several equities analysts recently weighed in on the stock. CIBC raised their target price on shares of Franco Nevada Corp from C$95.00 to C$110.00 in a research note on Wednesday, January 11th. Desjardins decreased their target price on shares of Franco Nevada Corp from C$115.00 to C$110.00 in a research note on Wednesday, December 21st. Dundee Securities raised shares of Franco Nevada Corp from a “neutral” rating to a “buy” rating in a research note on Thursday, December 8th. Barclays PLC decreased their target price on shares of Franco Nevada Corp from C$68.00 to C$65.00 in a research note on Tuesday, January 10th. Finally, Scotiabank decreased their target price on shares of Franco Nevada Corp from C$72.50 to C$71.50 and set a “sector perform” rating for the company in a research note on Monday, January 23rd.
Shares of Franco Nevada Corp (TSE:FNV) opened at 86.63 on Thursday. Franco Nevada Corp has a one year low of $71.44 and a one year high of $105.69. The company has a market cap of $15.44 billion and a price-to-earnings ratio of 155.53. The firm has a 50-day moving average of $86.04 and a 200 day moving average of $84.75.
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Franco Nevada Corp Company Profile
Franco-Nevada Corp (Franco-Nevada) is a Canada-based gold-focused royalty and stream company. The Company’s additional interests are in platinum group metals and other resource assets. It 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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