Franco-Nevada (FNV), the Materials sector company was revisited today, and remains undervalued for at least one analyst on the street. RBC Capital’s analyst Stephen Walker reiterates their Buy rating on the shares, with a C$118 price target.
According to TipRanks.com, Walker is a 3-star analyst with an average return of 1.7% and a 43.5% success rate. Walker covers the Basic Materials sector, focusing on stocks such as Teck Resources Limited, Hudbay Minerals Inc, and Centerra Gold Inc.
Franco-Nevada has an analyst consensus of Moderate Buy, with a price target consensus of C$113.25.
Franco-Nevada’s market cap is currently C$17.66B and has a P/E ratio of 64.1. The company has a Price to Book ratio of 2.88.
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$95.95.
