Franco-Nevada (TSX: FNV), the Materials sector company, was revisited by a Wall Street analyst on September 16. On September 16, analyst Stephen Walker gave a Buy rating to FNV and set a C$114 price target.
According to TipRanks.com, Walker is a 4-star analyst with an average return of 8.2% and a 48.7% success rate. Walker covers the Basic Materials sector, focusing on stocks such as Centerra Gold Inc, Agnico Eagle, and Barrick Gold.
Franco-Nevada has an analyst consensus of Moderate Buy, with a price target consensus of C$111.80.
Based on Franco-Nevada’s latest earnings release for the quarter ending June 30, the company reported a quarterly net profit of C$69.21 million. In comparison, last year the company had a net profit of C$61.31 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 Friday at C$82.52.
