The Globe and Mail reports in its Thursday, Nov. 2, edition that RBC analyst Josh Wolfson continues to rage Franco-Nevada "sector perform." The Globe's David Leeder writes that Mr. Wolfson gave his share target a $15 (U.S.) trim to $140 (U.S.). Analysts on average target the shares at $166.28 (U.S.). Mr. Wolfson made the share cut after evaluating the "uncertainties" related to the future of its cornerstone Cobre Panama stream. Mr. Wolfson says in a note: "Outsized negative risk to Franco-Nevada is a legitimate but low possibility in our view, which could result in a prolonged larger overhang for Franco-Nevada shares. Absent Cobre Panama, Franco-Nevada's precious metals exposure and its growth outlook would be less competitive vs. peers. Regardless of the outcome, changes in the perception of Franco-Nevada's asset risk profile, and potential longer-dated timelines toward a resolution of these uncertainties, risk multiple compression for shares." The Globe reported on April 27, 2021, that Mr. Wolfson rated Franco-Nevada "sector perform." The shares could then be had for $174.10 (Canadian). The Globe reported on April 21, 2023, that Stifel kept Franco-Nevada "hold." It was then worth $206.14 (Canadian).
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