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New Buy Rating for Franco-Nevada (FNV), the Basic Materials Giant

Tipranks - Thu Apr 23, 7:06AM CDT

In a report released today, Matt Murphy from BMO Capital maintained a Buy rating on Franco-Nevada, with a price target of C$410.00.

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Murphy covers the Basic Materials sector, focusing on stocks such as Franco-Nevada, Hudbay Minerals, and Nexa Resources SA. According to TipRanks, Murphy has an average return of 37.1% and a 75.19% success rate on recommended stocks.

Franco-Nevada has an analyst consensus of Moderate Buy, with a price target consensus of C$415.34.

The company has a one-year high of C$388.22 and a one-year low of C$210.19. Currently, Franco-Nevada has an average volume of 397.2K.

Based on the recent corporate insider activity of 43 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of FNV in relation to earlier this year.

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