Franco-Nevada Co. (TSE:FNV – Get Free Report) (NYSE:FNV) shares hit a new 52-week high during trading on Monday . The company traded as high as C$206.32 and last traded at C$204.50, with a volume of 112085 shares traded. The stock had previously closed at C$201.85.
Analysts Set New Price Targets
Several research analysts have recently commented on FNV shares. UBS Group raised Franco-Nevada to a “strong-buy” rating in a research note on Monday, November 18th. Stifel Nicolaus raised their target price on shares of Franco-Nevada from C$200.00 to C$215.00 in a research note on Monday, October 21st. CIBC lifted their price target on shares of Franco-Nevada from C$235.00 to C$245.00 in a report on Monday, December 2nd. Finally, 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 for the company in a research note on Monday, November 18th. Two investment analysts have rated the stock with a hold rating, five have given a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Buy” and a consensus target price of C$190.80.
Get Our Latest Stock Report on FNV
Franco-Nevada Trading Down 0.3 %
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.
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