Franco-Nevada (NYSE:FNV) Stock Rating Upgraded by StockNews.com

Franco-Nevada (NYSE:FNV) (TSE:FNV) was upgraded by StockNews.com from a “hold” rating to a “buy” rating in a research note issued to investors on Friday.

Other equities research analysts also recently issued research reports about the stock. Canaccord Genuity Group raised shares of Franco-Nevada from a “hold” rating to a “buy” rating in a report on Monday, November 18th. HC Wainwright reissued a “buy” rating and issued a $155.00 price target on shares of Franco-Nevada in a report on Tuesday, January 28th. Canaccord Genuity Group raised shares of Franco-Nevada from a “hold” rating to a “buy” rating in a report on Monday, November 18th. UBS Group began coverage on shares of Franco-Nevada in a report on Monday, November 18th. They issued a “buy” rating and a $160.00 price target for the company. Finally, Royal Bank of Canada upped their price target on shares of Franco-Nevada from $145.00 to $155.00 and gave the company a “sector perform” rating in a report on Tuesday, February 11th. Four analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $146.71.

Franco-Nevada Stock Up 0.5 %

FNV stock opened at $143.36 on Friday. The company has a market capitalization of $27.60 billion, a P/E ratio of -45.37, a PEG ratio of 9.78 and a beta of 0.73. The company has a 50-day simple moving average of $133.80 and a 200 day simple moving average of $127.28. Franco-Nevada has a fifty-two week low of $111.98 and a fifty-two week high of $146.70.

Institutional Trading of Franco-Nevada

A number of hedge funds have recently bought and sold shares of FNV. Norges Bank purchased a new stake in Franco-Nevada during the fourth quarter valued at about $237,643,000. EdgePoint Investment Group Inc. increased its holdings in shares of Franco-Nevada by 49.9% in the 4th quarter. EdgePoint Investment Group Inc. now owns 4,959,851 shares of the basic materials company’s stock valued at $582,100,000 after purchasing an additional 1,650,358 shares during the period. Arrowstreet Capital Limited Partnership increased its holdings in shares of Franco-Nevada by 246.3% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 1,164,394 shares of the basic materials company’s stock valued at $136,796,000 after purchasing an additional 828,166 shares during the period. Capital World Investors increased its holdings in shares of Franco-Nevada by 9.8% in the 4th quarter. Capital World Investors now owns 7,948,917 shares of the basic materials company’s stock valued at $934,106,000 after purchasing an additional 711,591 shares during the period. Finally, BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp increased its holdings in shares of Franco-Nevada by 76.5% in the 3rd quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 1,284,575 shares of the basic materials company’s stock valued at $159,530,000 after purchasing an additional 556,894 shares during the period. 77.06% of the stock is owned by hedge funds and other institutional investors.

Franco-Nevada Company Profile

Franco-Nevada Corporation operates as a gold-focused royalty and streaming company in South America, Central America, Mexico, the United States, Canada, and internationally. It operates through Mining and Energy segments. The company manages its portfolio with a focus on precious metals, such as gold, silver, and platinum group metals; and engages in the sale of crude oil, natural gas, and natural gas liquids through a third-party marketing agent.