Franco-Nevada (TSE:FNV) Price Target Raised to C$267.00 at Canaccord Genuity Group

Franco-Nevada (TSE:FNV) (NYSE:FNV) had its price target lifted by Canaccord Genuity Group from C$262.00 to C$267.00 in a report published on Tuesday,BayStreet.CA reports.

Other research analysts have also recently issued reports about the company. Stifel Nicolaus lifted their price target on Franco-Nevada from C$220.00 to C$265.00 in a research report on Monday, April 21st. National Bankshares reduced their price target on Franco-Nevada from C$220.00 to C$215.00 in a research report on Tuesday, March 11th. CIBC boosted their price objective on Franco-Nevada from C$260.00 to C$280.00 in a research report on Thursday, April 17th. BMO Capital Markets boosted their price objective on Franco-Nevada from C$260.00 to C$261.00 in a research report on Wednesday, May 28th. Finally, Bank of America cut their price objective on Franco-Nevada from C$272.00 to C$266.00 in a research report on Wednesday, May 28th.

Franco-Nevada Trading Down 1.6%

Shares of FNV stock opened at C$225.08 on Tuesday. The stock has a 50 day moving average of C$229.11 and a 200 day moving average of C$204.98. The stock has a market cap of C$30.54 billion, a P/E ratio of -48.61, a P/E/G ratio of 5.00 and a beta of 0.68. Franco-Nevada has a twelve month low of C$156.31 and a twelve month high of C$245.55.

Insider Activity

In related news, Senior Officer Sandip Rana sold 5,675 shares of the business’s stock in a transaction that occurred on Thursday, March 20th. The stock was sold at an average price of C$223.86, for a total transaction of C$1,270,422.53. Also, Director Boris De Vries sold 1,500 shares of the business’s stock in a transaction that occurred on Wednesday, June 4th. The stock was sold at an average price of C$241.96, for a total value of C$362,932.65. Insiders sold 15,854 shares of company stock worth $3,568,604 over the last three months. 0.69% of the stock is currently owned by corporate insiders.

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.