tiprankstipranks
Trending News
More News >
Advertisement
Advertisement

Franco-Nevada price target raised to $195 from $180 at H.C. Wainwright

H.C. Wainwright raised the firm’s price target on Franco-Nevada (FNV) to $195 from $180 and keeps a Buy rating on the shares after the company announced an agreement to acquire an existing royalty package on the Cote Gold Mine in Ontario for a total of about $1.05B. The economic benefits from the royalty to Franco-Nevada are to start as of the earlier of closing or July 1, the analyst tells investors in a research note.

Elevate Your Investing Strategy:

  • Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.

Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>

Disclaimer & DisclosureReport an Issue

1