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RBC Capital Keeps a Hold Rating on Franco-Nevada (FNV)

RBC Capital analyst Josh Wolfson maintained a Hold rating on Franco-Nevada (FNVResearch Report) yesterday and set a price target of $135.00. The company’s shares closed last Monday at $158.08.

According to TipRanks.com, Wolfson is a 3-star analyst with an average return of 3.3% and a 58.0% success rate. Wolfson covers the Basic Materials sector, focusing on stocks such as Wheaton Precious Metals, Osisko Gold Royalties, and Anglogold Ashanti.

Currently, the analyst consensus on Franco-Nevada is a Moderate Buy with an average price target of $160.45, implying a 2.7% 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 $29.58B and has a P/E ratio of 40.26.

Based on the recent corporate insider activity of 35 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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