RBC Capital analyst Josh Wolfson maintained a Hold rating on Franco-Nevada (FNV – Research Report) on April 19 and set a price target of $135.00. The company’s shares closed yesterday at $118.22.
According to TipRanks, Wolfson is a 4-star analyst with an average return of 4.3% and a 62.33% success rate. Wolfson covers the Basic Materials sector, focusing on stocks such as Barrick Gold, Franco-Nevada, and Gold Fields.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Franco-Nevada with a $142.91 average price target, implying a 20.88% upside from current levels. In a report released on April 18, Scotiabank also maintained a Hold rating on the stock with a $140.00 price target.
The company has a one-year high of $159.47 and a one-year low of $101.96. Currently, Franco-Nevada has an average volume of 752K.
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.
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Franco-Nevada (FNV) Company Description:
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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