This section contains press releases and other materials from third parties (including paid content). The Globe and Mail has not reviewed this content. Please see disclaimer.

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

Tipranks - Fri Jun 5, 2:04AM CDT

In a report released yesterday, Josh Wolfson from RBC Capital maintained a Buy rating on Franco-Nevada, with a price target of $295.00. The company’s shares closed yesterday at C$318.84.

Claim 55% Off TipRanks

According to TipRanks, Wolfson is a 5-star analyst with an average return of 20.6% and a 62.81% success rate. Wolfson covers the Basic Materials sector, focusing on stocks such as Wheaton Precious Metals, Franco-Nevada, and Royal Gold.

Currently, the analyst consensus on Franco-Nevada is a Strong Buy with an average price target of $297.66, implying a -6.64% downside from current levels. In a report released on May 20, TD Cowen also upgraded the stock to a Buy with a $291.00 price target.

FNV market cap is currently C$62.94B and has a P/E ratio of 32.22.

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.

This article contains syndicated content. We have not reviewed, approved, or endorsed the content, and may receive compensation for placement of the content on this site. For more information please view the Barchart Disclosure Policy here.