Yesterday, an analyst has provided a rating update for Franco-Nevada (FNV). Analyst Stephen Walker from RBC Capital reiterated a Buy rating, with a C$115 price target.
According to TipRanks.com, Walker is a 3-star analyst with an average return of 1.7% and a 41.9% success rate. Walker covers the Basic Materials sector, focusing on stocks such as Novagold Resources Inc New, Teck Resources Limited, and Hudbay Minerals Inc.
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Currently, the analyst consensus on Franco-Nevada is a Moderate Buy with an average price target of C$110, which is a 28.4% upside from current levels. In a report released yesterday, TD Securities also maintained a Buy rating on the stock.
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The company has a one-year high of C$110.18 and a one-year low of C$76.53. Currently, Franco-Nevada has an average volume of 594K.
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$85.64.
