Vetr Inc. announced Franco Nevada Corp (NYSE:FNV), bumping up its stock price target to $68.00 today
- Updated: October 2, 2016
Just yesterday Franco Nevada Corp (NYSE:FNV) traded -1.30% lower at $69.87. Franco Nevada Corp’s 50-day moving average is $73.37 and its 200-day moving average is $70.59. With the last stock price close down -1.01% relative to the two hundred day average, compared with the S&P 500 Index which has decreased -0.01% over the date range. Volume of trade was down over the average, with 594,573 shares of FNV changing hands under the typical 628,067
In a report released on 10/3/2016 Vetr Inc. increased the stock price target of Franco Nevada Corp (NYSE:FNV) to $68.00 reporting a possible downside of -0.03%.
Previously on Wednesday September 21, 2016, Vetr Inc. reported on Franco Nevada Corp (NYSE:FNV) increased the target price from $0.00 to $68.00. At the time, this indicated a possible downside of -0.04%.
With a total market value of $0, Franco Nevada Corp has price-earnings ratio of 206.72 with a one year low of $41.47 and a one year high of $81.16 .
A total of 12 equity analysts have released a ratings update on FNV. zero equity analysts rating the company a strong buy, three equity analysts rating the company a buy, five equity analysts rating the company a hold, one equity analyst rating the company a underperform, and finally zero equity analysts rating the company a sell with a one year target of $61.28.
Brief Synopsis About Franco Nevada Corp (NYSE:FNV)
Franco-Nevada Corporation (Franco-Nevada) is a gold-focused royalty and stream company. The Company's additional interests are in platinum group metals and other resource assets. The Company operates in the segment of resource sector royalty/stream acquisitions and management activities. The Company's 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 (the United States), Gold (Canada), Gold (Australia), Gold (Rest of World), Platinum Group Metals, Other Minerals, and Oil and Gas. The Company's projects 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 and Edson property.
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