UBS initiated coverage of Franco-Nevada (FNV) with a Buy rating and $160 price target The firm thinks the stock offers lower risk, more reliable leverage to gold price upside and organic growth, adding that in its view the market is not pricing in spot/higher gold prices and organic growth, creating an attractive risk/reward.
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Read More on FNV:
- Franco-Nevada upgraded to Buy from Hold at Canaccord
- Franco-Nevada price target lowered to C$235 from C$265 at CIBC
- Franco-Nevada price target lowered to $141 from $142 at Scotiabank
- Franco-Nevada Reports Strong Q3 Despite GEO Challenges
- Franco-Nevada price target raised to $200 from $185 at H.C. Wainwright