Franco-Nevada (TSE:FNV) Price Target Raised to C$267.00

Franco-Nevada (TSE:FNV) (NYSE:FNV) had its price target increased by research analysts at Canaccord Genuity Group from C$262.00 to C$267.00 in a report issued on Tuesday,BayStreet.CA reports. Canaccord Genuity Group’s price target suggests a potential upside of 18.67% from the stock’s current price.

FNV has been the subject of several other reports. CIBC increased their price objective on Franco-Nevada from C$260.00 to C$280.00 in a research note on Thursday, April 17th. National Bankshares lowered their target price on Franco-Nevada from C$220.00 to C$215.00 in a research note on Tuesday, March 11th. TD Securities lowered Franco-Nevada from a “buy” rating to a “hold” rating and set a C$152.00 target price for the company. in a research note on Tuesday, March 11th. Bank of America decreased their price target on Franco-Nevada from C$272.00 to C$266.00 in a report on Wednesday, May 28th. Finally, BMO Capital Markets raised their price target on Franco-Nevada from C$260.00 to C$261.00 in a report on Wednesday, May 28th.

Franco-Nevada Price Performance

Shares of FNV traded down C$3.63 on Tuesday, reaching C$225.00. 111,704 shares of the stock traded hands, compared to its average volume of 307,670. The firm has a market cap of C$30.53 billion, a price-to-earnings ratio of -48.59, a P/E/G ratio of 5.00 and a beta of 0.68. Franco-Nevada has a 12 month low of C$156.31 and a 12 month high of C$245.55. The stock’s 50-day moving average price is C$229.08 and its 200-day moving average price is C$204.62.

Insider Activity at Franco-Nevada

In related news, Senior Officer Christopher Bell sold 731 shares of the business’s stock in a transaction that occurred on Tuesday, March 25th. The stock was sold at an average price of C$224.94, for a total transaction of C$164,432.82. Also, Director Boris De Vries sold 500 shares of the business’s stock in a transaction that occurred on Thursday, March 13th. The stock was sold at an average price of C$217.08, for a total value of C$108,540.35. In the last quarter, insiders have sold 17,554 shares of company stock valued at $3,926,224. 0.69% of the stock is owned by insiders.

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.