Franco Nevada Corp (FNV) Rating Reiterated by Eight Capital
Franco Nevada Corp (TSE:FNV) (NYSE:FNV)‘s stock had its “neutral” rating reaffirmed by Eight Capital in a note issued to investors on Thursday.
A number of other brokerages have also recently commented on FNV. CIBC raised their price target on shares of Franco Nevada Corp from C$110.00 to C$120.00 in a research note on Tuesday, November 7th. Canaccord Genuity raised their price objective on shares of Franco Nevada Corp from C$111.00 to C$114.00 in a report on Wednesday, August 9th. TD Securities raised their price objective on shares of Franco Nevada Corp to C$123.50 and gave the stock a “buy” rating in a report on Tuesday, November 7th. Scotiabank raised their price objective on shares of Franco Nevada Corp to C$108.00 and gave the stock a “sector perform” rating in a report on Tuesday, November 7th. Finally, National Bank Financial raised their price objective on shares of Franco Nevada Corp from C$100.00 to C$107.50 and gave the stock a “sector perform” rating in a report on Tuesday, November 7th. Five investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company. The company presently has an average rating of “Hold” and an average target price of C$109.00.
Franco Nevada Corp (FNV) opened at C$107.71 on Thursday. Franco Nevada Corp has a one year low of C$71.44 and a one year high of C$109.25.
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In related news, insider Kerry Elwyn Sparkes sold 643 shares of the firm’s stock in a transaction that occurred on Tuesday, August 29th. The shares were sold at an average price of C$103.36, for a total value of C$66,460.48.
Franco Nevada Corp Company Profile
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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