Franco-Nevada Corporation (FNV) : Average target price received by Franco-Nevada Corporation (FNV) is $76.8 with an expected standard deviation of $10.61. The most aggressive target on the stock is $91, whereas the most downbeat target is $59. 10 financial analysts are currently covering the stock.
Franco-Nevada Corporation (FNV) : 10 analysts are covering Franco-Nevada Corporation (FNV) and their average rating on the stock is 2.4, which is read as a Buy. 3 equity analysts believe that the stock has a bright future and the price doesnt capture all of its upside, hence they rate the stock as a Strong Buy. Franco-Nevada Corporation (FNV) also receives 2 more Buy recommendations from analysts who believe that the stock will do well going forward. A Zacks Investment Research rank of 2, which recommends a Buy affirms that they expect a large upside in the stock from the current levels. However, 1 analysts consider that the stock has more downward risks ahead, hence, they suggest a Strong Sell on the stock. A total of 4 brokerage firms believe that the stock is fairly valued, hence they advise a Hold on the stock.
Also, Equity analysts at the Brokerage firm Barclays maintains its rating on Franco-Nevada Corporation (NYSE:FNV). The rating major has initiated the coverage with equal-weight rating on the shares. The Analysts at Barclays raises the price target from $65 per share to $75 per share. The rating by the firm was issued on August 8, 2016.
Franco-Nevada Corporation (NYSE:FNV): During Thursdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $69.41 and $68.75 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $71.99. The buying momentum continued till the end and the stock did not give up its gains. It closed at $71.90, notching a gain of 2.98% for the day. The total traded volume was 967,607 . The stock had closed at $69.82 on the previous day.
Franco-Nevada Corporation (Franco-Nevada) is a gold-focused royalty and stream company. The Companys additional interests are in platinum group metals and other resource assets. The Companys business model provides investors with gold price and exploration optionality. The Company has a diversified portfolio of royalties and streams by commodity, geography, revenue type and stage of project. Its assets include Gold (United States), Gold (Canada), Gold (Australia), Gold (Rest of World), Platinum Group Metals, Other Minerals and Oil and Gas. The Companys projects under each of this location include Goldstrike complex, Gold Quarry, Marigold, Pinson, Sterling, Sandman, Robinson, Sudbury basin, Golden Highway, Musselwhite, Hemlo, Hardrock, Duketon, Henty, Red October, Edna May, Wiluna, Palmarejo, Sabodla, Subika, Edikan, Cerro Moro, Ity, Gurupi, Volcan, Stillwater Complex, Pandora, Peculiar Knob, Mt Keith, King Vol, Flying Fox, Weyburn unit, Midale unit, Edson property and among others.