Franco-Nevada (FNV) Receives a Hold from RBC Capital

In a report issued on March 14, Josh Wolfson from RBC Capital maintained a Hold rating on Franco-Nevada (FNVResearch Report), with a price target of $135.00. The company’s shares closed last Tuesday at $154.60.

According to TipRanks.com, Wolfson is a 4-star analyst with an average return of 3.9% and a 60.2% 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 $157.90 average price target, which is a 4.4% upside from current levels. In a report issued on March 10, Barclays also maintained a Hold rating on the stock with a $113.00 price target.

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Franco-Nevada’s market cap is currently $29.29B and has a P/E ratio of 39.96.

Based on the recent corporate insider activity of 34 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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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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