Franco Nevada Corp (TSE:FNV) (NYSE:FNV)‘s stock had its “neutral” rating reaffirmed by analysts at Eight Capital in a research note issued on Thursday.
Other analysts have also issued reports about the company. CIBC lifted their price objective on Franco Nevada Corp from C$110.00 to C$120.00 in a research report on Tuesday, November 7th. Canaccord Genuity lifted 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 boosted their target price on Franco Nevada Corp from C$107.00 to C$110.00 in a research report on Friday, September 8th. TD Securities boosted their target price on Franco Nevada Corp to C$123.50 and gave the stock a “buy” rating in a research report on Tuesday, November 7th. Finally, Royal Bank Of Canada boosted their target price on Franco Nevada Corp from C$100.00 to C$116.00 and gave the stock an “outperform” rating in a research report on Tuesday. Five analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus target price of C$109.00.
Shares of Franco Nevada Corp (FNV) traded up C$0.27 during mid-day trading on Thursday, reaching C$108.12. The company had a trading volume of 353,972 shares, compared to its average volume of 473,210. Franco Nevada Corp has a 1 year low of C$71.44 and a 1 year high of C$109.11.
In other 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.
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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