Franco-Nevada Co. (TSE:FNV) Receives C$190.80 Average PT from Analysts

Shares of Franco-Nevada Co. (TSE:FNV) (NYSE:FNV) have been given an average rating of “Buy” by the nine ratings firms that are covering the company, Marketbeat Ratings reports. Two investment analysts have rated the stock with a hold rating, five have assigned a buy rating and two have issued a strong buy rating on the company. The average 12 month target price among analysts that have updated their coverage on the stock in the last year is C$190.80.

Several research analysts have issued reports on the stock. CIBC lifted their price target on shares of Franco-Nevada from C$235.00 to C$245.00 in a research report on Monday, December 2nd. Stifel Nicolaus lifted their price objective on shares of Franco-Nevada from C$200.00 to C$215.00 in a research report on Monday, October 21st. UBS Group raised shares of Franco-Nevada to a “strong-buy” rating in a research note on Monday, November 18th. Finally, Canaccord Genuity Group decreased their target price on shares of Franco-Nevada from C$198.00 to C$190.00 and set a “strong-buy” rating for the company in a research note on Monday, November 18th.

Franco-Nevada Trading Down 4.0 %

FNV opened at C$196.12 on Thursday. The business’s 50 day moving average is C$182.50 and its 200-day moving average is C$175.05. The stock has a market cap of C$26.61 billion, a PE ratio of -42.35, a price-to-earnings-growth ratio of 5.00 and a beta of 0.68. Franco-Nevada has a twelve month low of C$140.67 and a twelve month high of C$206.32.

About Franco-Nevada

Franco-Nevada Corporation operates as a gold-focused royalty and streaming company in South America, Central America, Mexico, the United States, Canada, and internationally. It operates through Mining and Energy segments. The company manages its portfolio with a focus on precious metals, such as gold, silver, and platinum group metals; and engages in the sale of crude oil, natural gas, and natural gas liquids through a third-party marketing agent.