Franco-Nevada (FNV) Receives a Rating Update from a Top Analyst

By Carrie Williams

Franco-Nevada (FNVResearch Report) has received a rating update from a Wall Street analyst today. Analyst Carey MacRury from Canaccord Genuity reiterated a Buy rating, with a C$127 price target.

According to TipRanks.com, MacRury is a top 100 analyst with an average return of 18.0% and a 80.0% success rate. MacRury covers the Basic Materials sector, focusing on stocks such as Wheaton Precious Metals Corp, Osisko Gold Royalties Ltd, and Barrick Gold Corporation.

The word on The Street in general, suggests a Hold analyst consensus rating for Franco-Nevada with a C$118 average price target.

The company has a one-year high of C$117.49 and a one-year low of C$76.53. Currently, Franco-Nevada has an average volume of 532.3K.

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.

The company’s shares closed on Friday at C$118.