Franco Nevada Corp (FNV) Given Consensus Rating of “Hold” by Brokerages
Franco Nevada Corp (TSE:FNV) (NYSE:FNV) has been given an average recommendation of “Hold” by the eleven analysts that are covering the company, Marketbeat reports. One investment analyst has rated the stock with a sell recommendation, four have assigned a hold recommendation and two have issued a buy recommendation on the company. The average 12 month price objective among brokerages that have covered the stock in the last year is C$115.07.
FNV has been the topic of several research reports. National Bank Financial decreased their price target on shares of Franco Nevada from C$107.50 to C$102.50 in a research note on Friday, January 26th. Canaccord Genuity upped their price target on shares of Franco Nevada from C$121.00 to C$125.00 in a research note on Friday, January 19th. CIBC upped their price target on shares of Franco Nevada from C$110.00 to C$120.00 in a research note on Tuesday, November 7th. TD Securities upped their price target on shares of Franco Nevada to C$123.50 and gave the company a “buy” rating in a research note on Tuesday, November 7th. Finally, Eight Capital restated a “neutral” rating on shares of Franco Nevada in a research note on Thursday, November 16th.
Franco Nevada (TSE:FNV) opened at C$88.22 on Friday. The firm has a market cap of $16,360.00, a PE ratio of 87.35 and a beta of -0.53. Franco Nevada has a 1 year low of C$81.01 and a 1 year high of C$110.18.
In related news, Director Pierre Lassonde sold 20,000 shares of the company’s stock in a transaction dated Friday, December 15th. The shares were 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 dated Tuesday, December 12th. The shares were sold at an average price of C$96.81, for a total transaction of C$387,240.00. Insiders sold 29,000 shares of company stock worth $2,843,090 over the last 90 days.
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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.
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