The Materials sector company, Franco-Nevada (FNV), has received a rating update from a Wall Street analyst today. Analyst Andrew Kaip from BMO Capital rated Franco-Nevada (FNV) a Hold, setting a C$98 price target.
According to TipRanks.com, Kaip has 0 stars on 0-5 star ranking scale with an average return of -8.9% and a 28.5% success rate. Kaip covers the Basic Materials sector, focusing on stocks such as Wheaton Precious Metals Corp, Newmont Mining Corporation, and Golden Star Resources Ltd.
Currently, the analyst consensus on Franco-Nevada is a Moderate Buy with an average price target of C$113.75.
Franco-Nevada’s market cap is currently C$17.93B and has a P/E ratio of 64.2. The company has a Price to Book ratio of 2.92.
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 Monday at C$95.52.
