A number of other brokerages have also issued reports on FNV. CIBC raised their price target on Franco Nevada from C$110.00 to C$120.00 in a research note on Tuesday, November 7th. TD Securities decreased their price target on Franco Nevada to C$124.00 and set a buy rating for the company in a research note on Friday, December 1st. Desjardins reissued a sell rating on shares of Franco Nevada in a research note on Monday, December 11th. Canaccord Genuity raised their price target on Franco Nevada from C$118.00 to C$119.00 in a research note on Friday, October 20th. Finally, Scotiabank raised their price target on Franco Nevada to C$108.00 and gave the stock a sector perform rating in a research note on Tuesday, November 7th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and two have issued a buy rating to the company’s stock. Franco Nevada currently has a consensus rating of Hold and a consensus price target of C$115.07.
Shares of Franco Nevada (TSE FNV) opened at C$96.19 on Friday. The stock has a market capitalization of $17,910.00, a P/E ratio of 97.16 and a beta of -0.52. Franco Nevada has a one year low of C$81.01 and a one year high of C$110.18.
In other Franco Nevada news, insider Lloyd Hyunsoo Hong sold 4,000 shares of the firm’s stock in a transaction on Tuesday, December 12th. The stock was sold at an average price of C$96.81, for a total transaction of C$387,240.00. Also, Director Pierre Lassonde sold 20,000 shares of the firm’s stock in a transaction on Friday, December 15th. The stock was sold at an average price of C$97.96, for a total value of C$1,959,200.00. Insiders have sold a total of 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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