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Franco Nevada Corp (TSE:FNV) (NYSE:FNV) had its price target upped by investment analysts at Canaccord Genuity from C$111.00 to C$114.00 in a report released on Wednesday, August 9th. Canaccord Genuity’s price target points to a potential upside of 16.16% from the company’s current price.
A number of other analysts have also commented on the stock. Clarkson Capital reaffirmed a “neutral” rating on shares of Franco Nevada Corp in a research note on Wednesday, May 10th. Scotiabank upped their price objective on shares of Franco Nevada Corp to C$99.00 and gave the company a “sector perform” rating in a research note on Thursday, May 11th. Finally, CIBC reduced their price objective on shares of Franco Nevada Corp from C$105.00 to C$95.00 in a research note on Thursday, May 11th. Three analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average target price of C$96.83.
Franco Nevada Corp (TSE FNV) traded down 1.45% during trading on Wednesday, hitting $98.14. 497,493 shares of the stock were exchanged. Franco Nevada Corp has a 12-month low of $71.44 and a 12-month high of $102.59. The firm has a market cap of $18.20 billion and a PE ratio of 123.76. The stock’s 50-day moving average price is $93.15 and its 200-day moving average price is $91.93.
In related news, insider Sandip Rana sold 25,000 shares of the firm’s stock in a transaction that occurred on Wednesday, May 31st. The shares were sold at an average price of C$100.31, for a total transaction of C$2,507,750.00. Also, Director Jeffery Jenkins sold 5,000 shares of the firm’s stock in a transaction that occurred on Monday, May 22nd. The shares were sold at an average price of C$73.73, for a total transaction of C$368,650.00. Insiders sold 148,347 shares of company stock valued at $14,722,490 over the last three months.
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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