Franco-Nevada price target raised to C$210 from C$205 at BMO Capital

BMO Capital raised the firm’s price target on Franco-Nevada to C$210 from C$205 and keeps an Outperform rating on the shares. The firm is positive on the company’s acquisition of a gold stream on SolGold plc’s Cascabel copper-gold project in Ecuador for $525M as this stream provides Franco-Nevada with an attractive use of cash, further growth optionality, and increased future exposure to gold and precious metals, the analyst tells investors in a research note.