Franco-Nevada (TSE:FNV) Price Target Raised to C$480.00

Franco-Nevada (TSE:FNV) (NYSE:FNV) had its target price hoisted by Canadian Imperial Bank of Commerce from C$460.00 to C$480.00 in a research report report published on Wednesday morning,BayStreet.CA reports.

A number of other equities analysts have also recently issued reports on FNV. UBS Group upped their price target on shares of Franco-Nevada from C$260.00 to C$270.00 and gave the stock a “buy” rating in a research note on Tuesday, December 2nd. Royal Bank Of Canada raised shares of Franco-Nevada from a “hold” rating to a “moderate buy” rating and set a C$250.00 target price for the company in a report on Wednesday, December 10th. TD Securities dropped their target price on shares of 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. Finally, Canaccord Genuity Group downgraded shares of Franco-Nevada from a “buy” rating to a “hold” rating and raised their price target for the company from C$350.00 to C$380.00 in a research report on Monday, January 26th. One research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of C$292.89.

Franco-Nevada Stock Up 3.3%

FNV stock opened at C$317.34 on Wednesday. Franco-Nevada has a twelve month low of C$195.93 and a twelve month high of C$368.63. The firm has a market cap of C$61.18 billion, a PE ratio of 66.53, a price-to-earnings-growth ratio of 5.00 and a beta of 0.78. The business has a 50 day moving average of C$309.64 and a 200 day moving average of C$282.01.

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

Insider Activity at Franco-Nevada

In other news, insider Bonavie Tek sold 115 shares of the business’s stock in a transaction that occurred on Wednesday, November 26th. The shares were sold at an average price of C$290.52, for a total transaction of C$33,409.80. 0.69% of the stock is owned by corporate 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.