Franco-Nevada (FNV): New Buy Recommendation for This Basic Materials Giant
RBC Capital analyst Josh Wolfson maintained a Buy rating on Franco-Nevada on February 17 and set a price target of $260.00. The company’s shares closed yesterday at C$340.36.
President's Day Sale - 70% Off
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis and maximize your portfolio's potential
According to TipRanks, Wolfson is a top 100 analyst with an average return of 26.1% and a 71.73% success rate. Wolfson covers the Basic Materials sector, focusing on stocks such as Barrick Mining, Gold Fields, and Newmont Mining.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Franco-Nevada with a $284.29 average price target, implying a -16.47% downside from current levels. In a report released on February 13, H.C. Wainwright also maintained a Buy rating on the stock with a $285.00 price target.
The company has a one-year high of C$368.63 and a one-year low of C$196.16. Currently, Franco-Nevada has an average volume of 386.6K.
Based on the recent corporate insider activity of 67 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.
Read More on FNV:
Disclaimer & DisclosureReport an Issue
- Franco-Nevada price target raised to $285 from $210 at H.C. Wainwright
- Franco-Nevada to Acquire $250 Million Nevada Gold Royalty from i-80 Gold
- Franco-Nevada announces $250M royalty financing with i-80
- Franco-Nevada price target raised to C$380 from C$340 at Stifel
- Franco-Nevada price target raised to C$480 from C$460 at CIBC
