Franco-Nevada (FNV:TSX) Analysts cut targets on Panama Issues

franceo nevada

Analyst Ratings Changes

CIBC World Markets maintained the “Outperform” on the stock and lowered the target price to $250 from $258.

Canaccord Genuity maintained the “Hold” rating for the stock with a target price of $185, down from $217.

BMO Capital Markets maintained the “Outperform” on the stock, and cut the target price to $214 from $225.

Franco-Nevada Stock Analysis

According to the forecasts provided by 10 analysts, the average target price for Franco-Nevada Corporation stands at CAD 212.46 over the next 12 months. This figure serves as a benchmark for investors, indicating the potential future value of the stock as perceived by industry experts. Notably, the consensus among analysts is notably optimistic, with an average rating of “Strong Buy” suggesting a high level of confidence in Franco-Nevada Corporation’s future performance.

Stock Target Advisor, an independent stock analysis platform, has conducted its own evaluation of Franco-Nevada Corporation’s stock. Their analysis leans towards a slightly bullish stance, indicating a cautiously positive outlook. This assessment is based on a combination of 10 positive signals and 5 negative signals, reflecting a nuanced perspective on the factors influencing the stock.

Examining recent market performance, at the last closing, Franco-Nevada Corporation’s stock was priced at CAD 161.72. Over the past week, the stock has experienced a marginal decrease of -0.69%, indicating a relatively stable short-term performance. However, the stock has faced more substantial challenges over the past month, with a decline of -15.09%. Looking at the broader picture, the stock has decreased by -12.90% over the last year, suggesting a notable setback in the company’s overall value.

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