Canaccord upgraded Franco-Nevada (FNV) to Buy from Hold with a price target of C$350, up from C$322. The firm expects growth in the second half coming from a full quarter of Cote and Porcupine contributions and higher anticipated deliveries from Antapaccay, noting that the company’s guidance midpoint of 495,000 oz is in line with the firm’s 496,000 oz forecast.
Claim 70% Off TipRanks This Holiday Season
- Unlock hedge-fund level data and powerful investing tools for smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis and maximize your portfolio's potential
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on FNV: