Franco Nevada Corp (FNV) Receives C$86.69 Average Target Price from Analysts

Shares of Franco Nevada Corp (TSE:FNV) (NYSE:FNV) have received an average rating of “Buy” from the twelve brokerages that are currently covering the stock. Two equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The average 12 month target price among brokerages that have issued a report on the stock in the last year is C$86.69.

Several brokerages recently issued reports on FNV. CIBC boosted their price objective on Franco Nevada Corp from C$95.00 to C$110.00 in a research report on Wednesday, January 11th. Desjardins decreased their price objective on Franco Nevada Corp from C$115.00 to C$110.00 in a research report on Wednesday, December 21st. Barclays PLC decreased their price objective on Franco Nevada Corp from C$68.00 to C$65.00 in a research report on Tuesday, January 10th. Scotiabank decreased their price objective on Franco Nevada Corp from C$72.50 to C$71.50 and set a “sector perform” rating for the company in a research report on Monday, January 23rd. Finally, Goldman Sachs Group Inc upgraded Franco Nevada Corp from a “sell” rating to a “neutral” rating in a research report on Thursday, February 9th.

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Shares of Franco Nevada Corp (TSE:FNV) traded up 0.06% during trading on Monday, reaching $92.84. The company’s stock had a trading volume of 217,126 shares. The company has a market cap of $16.57 billion and a PE ratio of 134.55. The stock’s 50 day moving average price is $86.41 and its 200 day moving average price is $84.06. Franco Nevada Corp has a 52 week low of $71.44 and a 52 week high of $105.69.

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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