Scotiabank analyst Tanya Jakusconek raised the firm’s price target on Franco-Nevada to $141 from $140 and keeps a Sector Perform rating on the shares. The firm adjusted its gold price forecasts for 2024 and 2025, taking into account forecasts for interest rates, inflations, USD expectations, and incorporating stronger than expected purchasing of gold in the official sector, the analyst tells investors.
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Read More on FNV:
- Franco-Nevada price target raised to $185 from $175 at H.C. Wainwright
- Franco-Nevada price target raised to C$195 from C$190 at National Bank
- Franco-Nevada price target raised to $151 from $150 at Raymond James
- Franco-Nevada Elects Directors with Strong Support
- Franco-Nevada price target lowered to C$205 from C$207 at BMO Capital