Franco-Nevada (FNV) Gets a Hold Rating from RBC Capital

RBC Capital analyst Josh Wolfson maintained a Hold rating on Franco-Nevada (FNVResearch Report) on July 25 and set a price target of $160.00. The company’s shares closed last Wednesday at $126.46, close to its 52-week low of $122.38.

According to, Wolfson is a 1-star analyst with an average return of -3.7% and a 41.3% success rate. Wolfson covers the Basic Materials sector, focusing on stocks such as Wheaton Precious Metals, Osisko Gold Royalties, and Anglogold Ashanti.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Franco-Nevada with a $150.69 average price target, implying a 20.7% upside from current levels. In a report issued on July 21, National Bank also maintained a Hold rating on the stock with a C$205.00 price target.

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Based on Franco-Nevada’s latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of $339 million and net profit of $182 million. In comparison, last year the company earned revenue of $309 million and had a net profit of $172 million.

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Founded in 2007, Canada-based Franco-Nevada Corp. operates as a gold-focused royalty and stream company. It operates through two segments: Mining and Energy. The company manages its portfolio, with a focus on precious metals such as gold, silver, and platinum group metals, as well as energy comprising oil, gas, and natural gas liquids.

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