H.C. Wainwright Believes Franco-Nevada (FNV) Still Has Room to Grow

In a report released today, Heiko Ihle from H.C. Wainwright reiterated a Buy rating on Franco-Nevada (FNVResearch Report), with a price target of $179.00. The company’s shares closed last Thursday at $160.43, close to its 52-week high of $168.37.

According to TipRanks.com, Ihle is a 5-star analyst with an average return of 15.2% and a 54.3% success rate. Ihle covers the Basic Materials sector, focusing on stocks such as Solitario Exploration & Royalty, Northern Dynasty Minerals, and Americas Gold and Silver.

Currently, the analyst consensus on Franco-Nevada is a Moderate Buy with an average price target of $154.34, a -4.8% downside from current levels. In a report released yesterday, BMO Capital also maintained a Buy rating on the stock with a C$205.00 price target.

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Franco-Nevada’s market cap is currently $30.66B and has a P/E ratio of 41.78.

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.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

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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