Shares of Franco Nevada Corp (TSE:FNV) (NYSE:FNV) have earned an average rating of “Buy” from the eleven brokerages that are covering the company, Marketbeat reports. Three equities research analysts have rated the stock with a hold recommendation and three have issued a buy recommendation on the company. The average 1-year target price among brokerages that have issued a report on the stock in the last year is C$92.00.
A number of brokerages recently issued reports on FNV. Clarkson Capital reiterated a “neutral” rating on shares of Franco Nevada Corp in a research note on Wednesday, May 10th. Scotiabank boosted their price objective on Franco Nevada Corp to C$99.00 and gave the company a “sector perform” rating in a research note on Thursday, May 11th. CIBC cut their price objective on Franco Nevada Corp from C$105.00 to C$95.00 in a research note on Thursday, May 11th. Finally, TD Securities upgraded Franco Nevada Corp from a “hold” rating to a “buy” rating and boosted their price objective for the company from C$71.00 to C$83.00 in a research note on Monday, March 27th.
Shares of Franco Nevada Corp (TSE:FNV) opened at 93.57 on Wednesday. Franco Nevada Corp has a one year low of $71.44 and a one year high of $105.69. The stock has a market capitalization of $16.91 billion and a P/E ratio of 122.96. The stock has a 50 day moving average of $97.87 and a 200-day moving average of $88.92.
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In other news, insider Lena Miller sold 3,300 shares of the company’s stock in a transaction that occurred on Tuesday, May 16th. The stock was sold at an average price of C$98.71, for a total transaction of C$325,743.00. Also, Director David Harquail sold 35,353 shares of the stock in a transaction on Thursday, May 18th. The shares were sold at an average price of C$98.83, for a total value of C$3,493,936.99. Insiders have sold a total of 200,750 shares of company stock worth $19,765,745 over the last ninety days.
About Franco Nevada Corp
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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