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Franco-Nevada (FNV): New Buy Recommendation for This Basic Materials Giant

Tipranks - Thu May 14, 10:20AM CDT

CIBC analyst Cosmos Chiu maintained a Buy rating on Franco-Nevada today and set a price target of C$480.00.

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Chiu covers the Basic Materials sector, focusing on stocks such as Coeur Mining, Eldorado Gold, and Franco-Nevada. According to TipRanks, Chiu has an average return of 24.1% and a 61.76% success rate on recommended stocks.

Currently, the analyst consensus on Franco-Nevada is a Strong Buy with an average price target of C$420.03.

FNV market cap is currently C$62.78B and has a P/E ratio of 26.75.

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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