Franco-Nevada price target raised to $151 from $150 at Raymond James

Raymond James raised the firm’s price target on Franco-Nevada to $151 from $150 and keeps an Outperform rating on the shares. Franco-Nevada sold 122.9 Koz GEOs in Q1, including 93 Koz GEOs from precious metals and 29.9 KGEOs from Diversified which includes energy, iron ore, and other mining, the analyst tells investors in a research note. The company is currently seeing numerous opportunities to deploy some capital including larger potential deals, the firm says.