Franco Nev Corp (FNV) Receives a Buy from CIBC

By Carrie Williams

CIBC analyst Cosmos Chiu reiterated a Buy rating on Franco Nev Corp (FNVResearch Report) on October 15 and set a price target of C$143.00. The company’s shares closed last Monday at $91.68.

According to TipRanks.com, Chiu is a 5-star analyst with an average return of 10.3% and a 49.3% success rate. Chiu covers the Basic Materials sector, focusing on stocks such as Wheaton Precious Metals Corp, Detour Gold Corporation, and OceanaGold Corporation.

Currently, the analyst consensus on Franco Nev Corp is a Hold with an average price target of $96.62.

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The company has a one-year high of $101.19 and a one-year low of $61.14. Currently, Franco Nev Corp has an average volume of 616.2K.

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Franco-Nevada Corp. engages in the management of gold-focused royalties and streams portfolio. It provides investors with gold price and exploration optionality while limiting exposure to many of the risks of operating companies. The company was founded on October 17, 2007 and is headquartered in Toronto, Canada.