Franco Nevada (TSE:FNV) PT Raised to C$130.00
Franco Nevada (TSE:FNV) (NYSE:FNV) had its price objective lifted by investment analysts at BMO Capital Markets from C$110.00 to C$130.00 in a research note issued on Wednesday, BayStreet.CA reports. BMO Capital Markets’ target price would indicate a potential upside of 4.18% from the stock’s previous close.
FNV has been the topic of several other research reports. Canaccord Genuity raised their price objective on shares of Franco Nevada from C$125.00 to C$127.00 in a research report on Friday, July 19th. Eight Capital lowered shares of Franco Nevada from a “buy” rating to a “neutral” rating and upped their target price for the stock from C$110.00 to C$125.00 in a research report on Thursday, August 8th. Bank of America upped their target price on shares of Franco Nevada from C$128.50 to C$133.00 in a research report on Friday, August 16th. CIBC increased their target price on Franco Nevada from C$120.00 to C$125.00 in a research note on Monday, July 15th. Finally, National Bank Financial raised their price target on Franco Nevada from C$127.50 to C$130.00 and gave the company a “sector perform” rating in a research report on Thursday, August 8th. Five analysts have rated the stock with a hold rating, The company has a consensus rating of “Hold” and a consensus price target of C$125.50.
Shares of TSE FNV traded up C$0.96 during midday trading on Wednesday, hitting C$124.78. 379,917 shares of the company’s stock were exchanged, compared to its average volume of 522,194. The company has a current ratio of 2.67, a quick ratio of 2.49 and a debt-to-equity ratio of 9.06. The business’s fifty day moving average price is C$124.22 and its two-hundred day moving average price is C$108.17. The company has a market cap of $23.16 billion and a price-to-earnings ratio of 154.94. Franco Nevada has a 12-month low of C$76.57 and a 12-month high of C$133.92.
In related news, Senior Officer Philip Dane Wilson sold 8,000 shares of Franco Nevada stock in a transaction on Monday, June 17th. The shares were sold at an average price of C$106.00, for a total value of C$848,000.00. Following the transaction, the insider now owns 11,139 shares in the company, valued at approximately C$1,180,734. Also, Senior Officer Sandip Rana sold 10,000 shares of the business’s stock in a transaction on Thursday, June 20th. The stock was sold at an average price of C$111.27, for a total transaction of C$1,112,660.00. Following the completion of the sale, the insider now directly owns 34,750 shares of the company’s stock, valued at C$3,866,493.50. In the last ninety days, insiders sold 98,914 shares of company stock valued at $11,947,443.
About Franco Nevada
Franco-Nevada Corporation operates as a gold-focused royalty and stream company in the United States, Canada, Latin America, Australia, and Africa. It also holds interests in silver and platinum group metals; and oil, gas, and natural gas liquids. The company was incorporated in 2007 and is headquartered in Toronto, Canada.
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