H.C. Wainwright Thinks Franco-Nevada’s Stock is Going to Recover

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 $144.00. The company’s shares closed last Monday at $126.00, close to its 52-week low of $124.95.

According to, Ihle has 0 stars on 0-5 stars ranking scale with an average return of -15.6% and a 21.1% success rate. Ihle covers the Basic Materials sector, focusing on stocks such as Solitario Exploration & Royalty, Tanzanian Royalty Exploration, and Northern Dynasty Minerals.

Franco-Nevada has an analyst consensus of Moderate Buy, with a price target consensus of $157.24, representing a 21.4% upside. In a report released yesterday, KeyBanc also maintained a Buy rating on the stock with a $143.00 price target.

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Franco-Nevada’s market cap is currently $24.15B and has a P/E ratio of 32.36.

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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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