H.C. Wainwright raised the firm’s price target on Franco-Nevada (FNV) to $285 from $210 and keeps a Buy rating on the shares after the company entered into an agreement to acquire a $250M net smelter return royalty from i-80 Gold. The firm cites its increased price deck for the target boost.
Claim 55% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on FNV:
- Franco-Nevada to Acquire $250 Million Nevada Gold Royalty from i-80 Gold
- Franco-Nevada announces $250M royalty financing with i-80
- Franco-Nevada price target raised to C$380 from C$340 at Stifel
- Franco-Nevada price target raised to C$480 from C$460 at CIBC
- Franco-Nevada price target raised to $310 from $270 at UBS