In a new note to investors on May 18, an analyst has provided a rating update for the Materials sector company, Franco-Nevada (FNV). The company received a Hold on May 18 from Desjardins’ analyst Josh Wolfson, with a C$110 price target.
According to TipRanks.com, Wolfson is a 3-star analyst with an average return of 2.6% and a 54.2% success rate. Wolfson covers the Basic Materials sector, focusing on stocks such as Newmont Mining Corporation, Osisko Gold Royalties Ltd, and Barrick Gold Corporation.
Currently, the analyst consensus on Franco-Nevada is a Hold with an average price target of C$111.25, an 11.2% upside from current levels. In a report released today, RBC Capital also downgraded the stock to Hold with a C$117 price target.
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The company has a one-year high of C$105.04 and a one-year low of C$76.53. Currently, Franco-Nevada has an average volume of 522.7K.
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 Wednesday at C$100.01.
