Franco-Nevada’s (FNV) Sell Rating Reaffirmed at Desjardins

Franco-Nevada (TSE:FNV) (NYSE:FNV)‘s stock had its “sell” rating reaffirmed by research analysts at Desjardins in a note issued to investors on Monday.

Other equities analysts have also issued reports about the company. TD Securities reduced their price target on Franco-Nevada to C$124.00 and set a “buy” rating on the stock in a research report on Friday, December 1st. Bank of America increased their price objective on Franco-Nevada from C$107.00 to C$110.00 in a report on Friday, September 8th. Scotiabank increased their price objective on Franco-Nevada to C$108.00 and gave the stock a “sector perform” rating in a report on Tuesday, November 7th. National Bank Financial raised their target price on Franco-Nevada from C$100.00 to C$107.50 and gave the company a “sector perform” rating in a research note on Tuesday, November 7th. Finally, CIBC raised their target price on Franco-Nevada from C$110.00 to C$120.00 in a research note on Tuesday, November 7th. One research analyst has rated the stock with a sell rating, five have issued a hold rating and two have assigned a buy rating to the stock. The stock presently has an average rating of “Hold” and an average target price of C$109.06.

Franco-Nevada (TSE:FNV) traded up C$0.04 on Monday, reaching C$100.01. The company had a trading volume of 308,272 shares, compared to its average volume of 468,116. Franco-Nevada has a fifty-two week low of C$71.44 and a fifty-two week high of C$110.18.

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Franco-Nevada 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 (TSE:FNV)

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