Franco-Nevada (TSE:FNV) Price Target Raised to C$380.00

Franco-Nevada (TSE:FNV) (NYSE:FNV) had its price target boosted by Stifel Nicolaus from C$340.00 to C$380.00 in a research note released on Tuesday,BayStreet.CA reports.

FNV has been the subject of several other research reports. Canadian Imperial Bank of Commerce raised their price target on Franco-Nevada from C$460.00 to C$480.00 in a research report on Wednesday, February 4th. Canaccord Genuity Group downgraded Franco-Nevada from a “buy” rating to a “hold” rating and raised their price objective for the stock from C$350.00 to C$380.00 in a report on Monday, January 26th. Royal Bank Of Canada raised shares of Franco-Nevada from a “hold” rating to a “moderate buy” rating and set a C$250.00 price target for the company in a research report on Wednesday, December 10th. UBS Group increased their price objective on shares of Franco-Nevada from C$260.00 to C$270.00 and gave the company a “buy” rating in a research report on Tuesday, December 2nd. Finally, TD Securities cut their price target on Franco-Nevada from C$247.00 to C$225.00 and set a “hold” rating on the stock in a research note on Wednesday, November 5th. One equities research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and two have issued a Hold rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of C$305.67.

Franco-Nevada Trading Down 6.6%

Shares of TSE:FNV opened at C$326.12 on Tuesday. The firm has a 50 day simple moving average of C$313.99 and a 200-day simple moving average of C$285.30. Franco-Nevada has a twelve month low of C$195.93 and a twelve month high of C$368.63. The company has a market capitalization of C$62.87 billion, a PE ratio of 68.37, a P/E/G ratio of 5.00 and a beta of 0.78.

Franco-Nevada (TSE:FNV) (NYSE:FNV) last issued its quarterly earnings results on Monday, November 3rd. The company reported C$1.43 earnings per share for the quarter. Franco-Nevada had a negative net margin of 57.55% and a negative return on equity of 10.83%. The firm had revenue of C$679.08 million during the quarter. As a group, equities research analysts predict that Franco-Nevada will post 3.1114111 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, insider Bonavie Tek sold 115 shares of the stock in a transaction on Wednesday, November 26th. The stock was sold at an average price of C$290.52, for a total value of C$33,409.80. 0.69% of the stock is owned by insiders.

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. Franco-Nevada’s short-term financial performance is linked to the price of commodities and the amount of production from its portfolio of producing assets. Its long-term performance is affected by the availability of exploration and development capital.