Canaccord Genuity Group Boosts Franco-Nevada (TSE:FNV) Price Target to C$190.00

Franco-Nevada (TSE:FNV) (NYSE:FNV) had its price target lifted by research analysts at Canaccord Genuity Group from C$177.00 to C$190.00 in a research note issued on Tuesday, BayStreet.CA reports. Canaccord Genuity Group’s price objective points to a potential upside of 10.30% from the company’s current price.

FNV has been the topic of several other research reports. Veritas Investment Research upped their target price on shares of Franco-Nevada from C$149.00 to C$173.00 in a report on Friday, April 12th. Raymond James upped their price objective on shares of Franco-Nevada from C$150.00 to C$151.00 and gave the stock an “outperform” rating in a research note on Friday, May 3rd. National Bankshares lifted their target price on shares of Franco-Nevada from C$190.00 to C$195.00 and gave the company a “sector perform” rating in a research note on Friday, May 3rd. Bank of America increased their price target on Franco-Nevada from C$186.00 to C$190.00 in a research report on Tuesday, April 9th. Finally, Eight Capital lifted their price objective on Franco-Nevada from C$190.00 to C$200.00 and gave the company a “buy” rating in a research report on Monday, April 22nd. Three analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of C$192.18.

Franco-Nevada Price Performance

TSE FNV traded up C$1.32 during trading on Tuesday, reaching C$172.25. 43,319 shares of the company traded hands, compared to its average volume of 350,718. Franco-Nevada has a 1-year low of C$139.19 and a 1-year high of C$198.00. The company has a market cap of C$33.13 billion, a price-to-earnings ratio of -49.78, a P/E/G ratio of 5.00 and a beta of 0.62. The stock’s 50 day moving average price is C$167.30 and its two-hundred day moving average price is C$159.08. The company has a debt-to-equity ratio of 1.63, a quick ratio of 23.26 and a current ratio of 29.40.

Franco-Nevada (TSE:FNV) (NYSE:FNV) last announced its quarterly earnings results on Wednesday, May 1st. The company reported C$1.02 EPS for the quarter, beating the consensus estimate of C$0.94 by C$0.08. Franco-Nevada had a negative return on equity of 7.75% and a negative net margin of 39.96%. The business had revenue of C$346.20 million for the quarter. As a group, analysts anticipate that Franco-Nevada will post 4.5495327 EPS for the current year.

Insider Activity at Franco-Nevada

In other Franco-Nevada news, Senior Officer Adrian Wong sold 530 shares of the business’s stock in a transaction dated Monday, June 24th. The stock was sold at an average price of C$162.20, for a total transaction of C$85,966.00. In related news, Director Jacques Perron purchased 290 shares of Franco-Nevada stock in a transaction dated Tuesday, May 7th. The shares were acquired at an average cost of C$173.05 per share, for a total transaction of C$50,184.50. Following the transaction, the director now directly owns 983 shares of the company’s stock, valued at C$170,108.15. Also, Senior Officer Adrian Wong sold 530 shares of the firm’s stock in a transaction dated Monday, June 24th. The stock was sold at an average price of C$162.20, for a total value of C$85,966.00. Insiders have sold a total of 33,606 shares of company stock worth $5,747,182 over the last 90 days. Insiders own 0.69% of the company’s stock.

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.