Franco Nevada (TSE:FNV) Price Target Increased to C$126.00 by Analysts at Canaccord Genuity

Franco Nevada (TSE:FNV) (NYSE:FNV) had its price objective raised by stock analysts at Canaccord Genuity from C$125.00 to C$126.00 in a research note issued on Tuesday, February 13th. The firm presently has a “buy” rating on the stock. Canaccord Genuity’s target price points to a potential upside of 37.39% from the company’s current price.

Several other research firms have also issued reports on FNV. CIBC upped their target price on shares of Franco Nevada from C$110.00 to C$120.00 in a research note on Tuesday, November 7th. National Bank Financial increased their price target on shares of Franco Nevada from C$100.00 to C$107.50 and gave the company a “sector perform” rating in a research report on Tuesday, November 7th. Scotiabank increased their price target on shares of Franco Nevada to C$108.00 and gave the company a “sector perform” rating in a research report on Tuesday, November 7th. TD Securities increased their price target on shares of Franco Nevada to C$123.50 and gave the company a “buy” rating in a research report on Tuesday, November 7th. Finally, Royal Bank of Canada increased their price target on shares of Franco Nevada from C$100.00 to C$116.00 and gave the company an “outperform” rating in a research report on Tuesday, November 14th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and three have given a buy rating to the company. Franco Nevada has an average rating of “Hold” and a consensus price target of C$115.21.

Franco Nevada (TSE FNV) opened at C$91.71 on Tuesday. Franco Nevada has a 1 year low of C$81.01 and a 1 year high of C$110.18. The stock has a market cap of $17,010.00, a price-to-earnings ratio of 89.91 and a beta of -0.53.

In other news, Director Pierre Lassonde sold 20,000 shares of the stock in a transaction dated Friday, December 15th. The shares were sold at an average price of C$97.96, for a total value of C$1,959,200.00. Also, Director David Harquail sold 5,000 shares of the firm’s stock in a transaction that occurred on Wednesday, December 13th. The shares were sold at an average price of C$99.33, for a total transaction of C$496,650.00. Over the last three months, insiders sold 29,000 shares of company stock worth $2,843,090.

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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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