Scotia Capital Has Sector Perform on Franco-Nevada Corporation

Scotia Capital is out with a research report on Franco-Nevada Corporation FNV and it has a Sector Perform rating and a $47 price target on shares. In a note to clients, Scotia Capital writes, "FNV announced that it has entered into an agreement to acquire all the common shares of Lumina Royalty Corp. for $66M." Shares of FNV closed at $40.95 on Friday.