Shares of Franco Nevada Corp (TSE:FNV) have earned a consensus recommendation of “Hold” from the thirteen analysts that are covering the stock. Three investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The average 1-year price objective among brokerages that have issued ratings on the stock in the last year is C$82.18.
Several equities research analysts have commented on the company. Canaccord Genuity lowered their price objective on Franco Nevada Corp from C$105.00 to C$86.00 in a research report on Tuesday, July 12th. TD Securities restated a “hold” rating and issued a C$77.00 price objective on shares of Franco Nevada Corp in a research report on Wednesday, August 10th. CIBC upped their price objective on Franco Nevada Corp from C$100.00 to C$110.00 in a research report on Wednesday, August 10th. Finally, National Bank Financial upped their price objective on Franco Nevada Corp from C$100.00 to C$110.00 in a research report on Wednesday, July 13th.
Franco Nevada Corp (TSE:FNV) opened at 85.02 on Monday. The stock has a market capitalization of $15.14 billion and a price-to-earnings ratio of 251.54. The firm’s 50-day moving average is $94.41 and its 200 day moving average is $91.58. Franco Nevada Corp has a 1-year low of $58.67 and a 1-year high of $105.69.
Franco Nevada Corp Company Profile
Franco-Nevada Corporation (Franco-Nevada) is a gold-focused royalty and stream company. The Company’s additional interests are in platinum group metals and other resource assets. The Company 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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