Royal Bank Of Canada Boosts Franco Nevada Corp (FNV) Price Target to C$116.00

Franco Nevada Corp (TSE:FNV) (NYSE:FNV) had its target price hoisted by equities research analysts at Royal Bank Of Canada from C$100.00 to C$116.00 in a research report issued on Tuesday. The brokerage presently has an “outperform” rating on the stock. Royal Bank Of Canada’s price objective would suggest a potential upside of 9.26% from the company’s current price.

FNV has been the subject of a number of other research reports. Scotiabank raised their price objective on Franco Nevada Corp to C$100.00 and gave the stock a “sector perform” rating in a research report on Friday, September 8th. Canaccord Genuity raised their price objective on Franco Nevada Corp from C$119.00 to C$121.00 in a research report on Tuesday, November 7th. Bank of America Corporation raised their price objective on Franco Nevada Corp from C$107.00 to C$110.00 in a research report on Friday, September 8th. National Bank Financial raised their price objective on Franco Nevada Corp from C$100.00 to C$107.50 and gave the stock a “sector perform” rating in a research report on Tuesday, November 7th. Finally, CIBC raised their price objective on Franco Nevada Corp from C$105.00 to C$110.00 in a research report on Thursday, August 10th. Four research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. The company has an average rating of “Hold” and an average price target of C$109.00.

Shares of Franco Nevada Corp (FNV) traded down C$0.33 during midday trading on Tuesday, reaching C$106.17. The company’s stock had a trading volume of 177,800 shares, compared to its average volume of 474,336. Franco Nevada Corp has a 1-year low of C$71.44 and a 1-year high of C$107.91.

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In other Franco Nevada Corp news, insider Kerry Elwyn Sparkes sold 643 shares of Franco Nevada Corp stock in a transaction dated Tuesday, August 29th. The stock was sold at an average price of C$103.36, for a total transaction of C$66,460.48. Also, Director Derek Watson Evans sold 65,000 shares of Franco Nevada Corp stock in a transaction dated Wednesday, August 16th. The stock was sold at an average price of C$99.81, for a total value of C$6,487,650.00.

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.

Analyst Recommendations for Franco Nevada Corp (TSE:FNV)

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