Franco-Nevada (FNV) has received a rating update from a Wall Street analyst on April 1. Analyst Andrew Kaip from BMO Capital reiterated a Hold rating, with a C$100 price target on April 1.
According to TipRanks.com, Kaip is ranked 0 out of 5 stars with an average return of -3.6% and a 37.9% success rate. Kaip covers the Basic Materials sector, focusing on stocks such as Osisko Gold Royalties Ltd, Eldorado Gold Corp, and Pretium Resources.
Currently, the analyst consensus on Franco-Nevada is a Moderate Buy with an average price target of C$105.75.
Based on Franco-Nevada’s latest earnings release for the quarter ending December 31, the company reported a quarterly GAAP net loss of C$41.34 million. In comparison, last year the company had a net profit of C$81.71 million.
Franco-Nevada Corp. engages in managing and growing its own portfolio of royalties and stream. It focuses on gold, silver, and platinum group metals. The company was founded on October 17, 2007 and is headquartered in Toronto, Canada.
The company’s shares closed on Thursday at C$101.08, close to its 52-week high of C$105.04.
