Canaccord Genuity Increases Franco Nevada (TSE:FNV) Price Target to C$126.00

Franco Nevada (TSE:FNV) (NYSE:FNV) had its target price upped by analysts at Canaccord Genuity from C$125.00 to C$126.00 in a research report issued to clients and investors on Tuesday, February 13th. The firm presently has a “buy” rating on the stock. Canaccord Genuity’s price target indicates a potential upside of 37.55% from the stock’s previous close.

Several other research firms have also weighed in on FNV. Eight Capital reissued a “neutral” rating on shares of Franco Nevada in a research note on Thursday, November 16th. Desjardins reissued a “sell” rating on shares of Franco Nevada in a research note on Monday, December 11th. TD Securities reduced their price objective on shares of Franco Nevada to C$124.00 and set a “buy” rating on the stock in a research note on Friday, December 1st. Royal Bank of Canada lifted their price objective on shares of Franco Nevada from C$100.00 to C$116.00 and gave the stock an “outperform” rating in a research note on Tuesday, November 14th. Finally, National Bank Financial reduced their price objective on shares of Franco Nevada from C$107.50 to C$102.50 in a research note on Friday, January 26th. One 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’s stock. The stock currently has an average rating of “Hold” and an average target price of C$115.21.

Shares of Franco Nevada (TSE:FNV) traded up C$0.83 during midday trading on Tuesday, hitting C$91.60. 44,912 shares of the stock traded hands, compared to its average volume of 498,653. The company has a market cap of $16,830.00, a price-to-earnings ratio of 89.87 and a beta of -0.53. Franco Nevada has a one year low of C$81.01 and a one year high of C$110.18.

In related news, insider Lloyd Hyunsoo Hong sold 4,000 shares of the firm’s stock in a transaction on Tuesday, December 12th. The shares were sold at an average price of C$96.81, for a total value of C$387,240.00. Also, Director Pierre Lassonde sold 20,000 shares of the firm’s stock in a transaction on Friday, December 15th. The shares were sold at an average price of C$97.96, for a total transaction of C$1,959,200.00. Insiders sold 29,000 shares of company stock worth $2,843,090 over the last quarter.

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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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