TD Securities Cuts Franco-Nevada (TSE:FNV) Price Target to C$225.00

Franco-Nevada (TSE:FNV) (NYSE:FNV) had its target price reduced by TD Securities from C$247.00 to C$225.00 in a research report released on Wednesday morning,BayStreet.CA reports. They currently have a hold rating on the stock.

FNV has been the topic of several other reports. Canaccord Genuity Group raised shares of Franco-Nevada from a “hold” rating to a “buy” rating and increased their price target for the company from C$322.00 to C$350.00 in a report on Wednesday, October 22nd. Bank of America boosted their price objective on Franco-Nevada from C$255.00 to C$290.00 in a report on Friday, August 29th. Finally, CIBC increased their target price on Franco-Nevada from C$315.00 to C$460.00 in a research note on Friday, October 10th. Three research analysts have rated the stock with a Strong Buy rating, one has given a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Buy” and an average price target of C$282.00.

Franco-Nevada Price Performance

Shares of FNV opened at C$269.47 on Wednesday. The firm has a market capitalization of C$51.95 billion, a PE ratio of 56.49, a PEG ratio of 5.00 and a beta of 0.83. The company’s 50-day moving average is C$281.02 and its 200-day moving average is C$248.28. Franco-Nevada has a fifty-two week low of C$157.70 and a fifty-two week high of C$314.53.

Insider Buying and Selling

In other Franco-Nevada news, insider Adrian Wong sold 500 shares of Franco-Nevada stock in a transaction on Wednesday, September 10th. The stock was sold at an average price of C$275.00, for a total value of C$137,500.00. Following the completion of the transaction, the insider directly owned 9,613 shares of the company’s stock, valued at C$2,643,575. The trade was a 4.94% decrease in their position. Also, insider Bonavie Tek sold 250 shares of the company’s stock in a transaction on Tuesday, September 2nd. The shares were sold at an average price of C$263.10, for a total value of C$65,776.00. Insiders sold 15,560 shares of company stock valued at $4,228,233 in the last quarter. Corporate insiders own 0.69% of the company’s stock.

Franco-Nevada Company Profile

Franco-Nevada Corp is a precious-metals-focused royalty and investment company. The company owns a diversified portfolio of precious metals and royalty streams, which is actively managed to generate the bulk of its revenue from gold, silver, and platinum. The company does not operate mines, develop projects, or conduct exploration.