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

BMO Capital analyst Jackie Przybylowski maintained a Buy rating on Franco-Nevada (FNVResearch Report) today and set a price target of C$226.00. The company’s shares opened today at $133.89.

Przybylowski covers the Basic Materials sector, focusing on stocks such as Kinross Gold, Teck Resources, and Yamana Gold. According to TipRanks, Przybylowski has an average return of 9.9% and a 37.93% success rate on recommended stocks.

Franco-Nevada has an analyst consensus of Moderate Buy, with a price target consensus of $151.19, a 12.92% upside from current levels. In a report released today, H.C. Wainwright also reiterated a Buy rating on the stock with a $145.00 price target.

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The company has a one-year high of $168.93 and a one-year low of $122.38. Currently, Franco-Nevada has an average volume of 633.1K.

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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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