Franco-Nevada (TSE:FNV – Get Free Report) (NYSE:FNV) was upgraded by investment analysts at TD Securities from a “hold” rating to a “buy” rating in a research note issued on Thursday, BayStreet.CA reports.
FNV has been the subject of several other reports. Canaccord Genuity Group boosted their price objective on shares of Franco-Nevada from C$177.00 to C$190.00 in a research report on Tuesday, July 23rd. Raymond James raised their price objective on shares of Franco-Nevada from C$150.00 to C$151.00 and gave the stock an “outperform” rating in a research report on Friday, May 3rd. CIBC increased their target price on Franco-Nevada from C$250.00 to C$265.00 in a report on Wednesday, July 10th. BMO Capital Markets increased their price target on Franco-Nevada from C$200.00 to C$210.00 and gave the company an “outperform” rating in a research report on Tuesday, July 16th. Finally, National Bankshares reduced their target price on Franco-Nevada from C$200.00 to C$195.00 in a report on Thursday. Three equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of C$192.18.
Read Our Latest Stock Report on Franco-Nevada
Franco-Nevada Trading Up 2.5 %
Insider Buying and Selling at Franco-Nevada
In related news, Director Catharine Elizabeth Goddard Farrow sold 20,000 shares of the company’s stock in a transaction on Wednesday, May 22nd. The stock was sold at an average price of C$171.78, for a total transaction of C$3,435,562.00. Following the completion of the sale, the director now owns 301 shares in the company, valued at C$51,705.21. In related news, Director Paul Brink sold 13,076 shares of the company’s stock in a transaction on Thursday, May 30th. The stock was sold at an average price of C$170.21, for a total transaction of C$2,225,654.19. Also, Director Catharine Elizabeth Goddard Farrow sold 20,000 shares of the company’s stock in a transaction dated Wednesday, May 22nd. The shares were sold at an average price of C$171.78, for a total value of C$3,435,562.00. Following the transaction, the director now directly owns 301 shares in the company, valued at C$51,705.21. In the last 90 days, insiders have sold 33,606 shares of company stock worth $5,747,182. Company insiders own 0.69% of the company’s stock.
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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