Brokerages Set Franco-Nevada Co. (TSE:FNV) Price Target at C$190.80

Franco-Nevada Co. (TSE:FNV) (NYSE:FNV) has been given a consensus rating of “Buy” by the nine brokerages that are currently covering the company, MarketBeat reports. Two investment analysts have rated the stock with a hold recommendation, five have assigned a buy recommendation and two have given a strong buy recommendation to the company. The average 1-year price target among brokerages that have updated their coverage on the stock in the last year is C$190.80.

FNV has been the topic of a number of analyst reports. UBS Group upgraded shares of Franco-Nevada to a “strong-buy” rating in a report on Monday, November 18th. Canaccord Genuity Group reduced their price objective on shares of Franco-Nevada from C$198.00 to C$190.00 and set a “strong-buy” rating on the stock in a report on Monday, November 18th. CIBC raised their price objective on shares of Franco-Nevada from C$235.00 to C$245.00 in a report on Monday, December 2nd. Finally, Stifel Nicolaus raised their price objective on shares of Franco-Nevada from C$200.00 to C$215.00 in a report on Monday, October 21st.

Franco-Nevada Price Performance

TSE FNV opened at C$196.12 on Thursday. The company has a market capitalization of C$26.61 billion, a PE ratio of -42.35, a P/E/G ratio of 5.00 and a beta of 0.68. Franco-Nevada has a 1 year low of C$140.67 and a 1 year high of C$206.32. The company has a fifty day moving average of C$182.50 and a 200 day moving average of C$175.07.

About Franco-Nevada

Franco-Nevada Corporation operates as a gold-focused royalty and streaming company in South America, Central America, Mexico, the United States, Canada, and internationally. It operates through Mining and Energy segments. The company manages its portfolio with a focus on precious metals, such as gold, silver, and platinum group metals; and engages in the sale of crude oil, natural gas, and natural gas liquids through a third-party marketing agent.