Franco-Nevada (NYSE:FNV) PT Lowered to $214.00 at BMO Capital Markets

Franco-Nevada (NYSE:FNV) (TSE:FNV) had its target price decreased by stock analysts at BMO Capital Markets from $219.00 to $214.00 in a report released on Tuesday, Benzinga reports. The brokerage currently has an “outperform” rating on the basic materials company’s stock. BMO Capital Markets’ price target indicates a potential upside of 83.49% from the company’s previous close.

Several other equities analysts have also issued reports on FNV. CSFB lowered their price target on Franco-Nevada from $157.00 to $150.00 and set a “neutral” rating on the stock in a research note on Thursday, August 17th. TD Securities lowered Franco-Nevada from a “buy” rating to a “hold” rating and cut their target price for the company from $180.00 to $145.00 in a research note on Tuesday, October 31st. Royal Bank of Canada decreased their price target on shares of Franco-Nevada from $155.00 to $140.00 and set a “sector perform” rating on the stock in a research note on Wednesday, November 1st. TheStreet lowered shares of Franco-Nevada from a “b” rating to a “c+” rating in a report on Tuesday, August 1st. Finally, HC Wainwright raised their price objective on shares of Franco-Nevada from $180.00 to $185.00 and gave the stock a “buy” rating in a report on Thursday, August 10th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $173.89.

Franco-Nevada Trading Down 1.0 %

FNV traded down $1.23 during midday trading on Tuesday, reaching $116.63. The company’s stock had a trading volume of 588,943 shares, compared to its average volume of 545,801. Franco-Nevada has a twelve month low of $116.40 and a twelve month high of $161.25. The stock has a market cap of $22.41 billion, a P/E ratio of 33.06, a PEG ratio of 5.67 and a beta of 0.76. The company has a fifty day simple moving average of $132.12 and a 200 day simple moving average of $140.12.

Franco-Nevada (NYSE:FNV) (TSE:FNV) last announced its quarterly earnings data on Wednesday, November 8th. The basic materials company reported $0.91 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.88 by $0.03. The business had revenue of $309.50 million for the quarter, compared to the consensus estimate of $317.93 million. Franco-Nevada had a net margin of 55.10% and a return on equity of 10.23%. Franco-Nevada’s quarterly revenue was up 1.7% on a year-over-year basis. During the same quarter last year, the company posted $0.83 earnings per share. Sell-side analysts expect that Franco-Nevada will post 3.37 earnings per share for the current year.

Institutional Investors Weigh In On Franco-Nevada

Several institutional investors have recently modified their holdings of the business. ClariVest Asset Management LLC grew its holdings in Franco-Nevada by 0.3% during the 1st quarter. ClariVest Asset Management LLC now owns 20,790 shares of the basic materials company’s stock worth $3,028,000 after acquiring an additional 70 shares during the period. Mercer Global Advisors Inc. ADV lifted its stake in Franco-Nevada by 3.4% in the second quarter. Mercer Global Advisors Inc. ADV now owns 2,234 shares of the basic materials company’s stock valued at $319,000 after buying an additional 73 shares during the period. IHT Wealth Management LLC boosted its holdings in Franco-Nevada by 4.6% during the fourth quarter. IHT Wealth Management LLC now owns 1,782 shares of the basic materials company’s stock worth $329,000 after buying an additional 78 shares during the last quarter. Fortune Financial Advisors LLC grew its position in shares of Franco-Nevada by 1.8% during the 3rd quarter. Fortune Financial Advisors LLC now owns 4,483 shares of the basic materials company’s stock worth $598,000 after buying an additional 81 shares during the period. Finally, Vanguard Personalized Indexing Management LLC grew its position in shares of Franco-Nevada by 5.3% during the 1st quarter. Vanguard Personalized Indexing Management LLC now owns 1,640 shares of the basic materials company’s stock worth $239,000 after buying an additional 83 shares during the period. Institutional investors and hedge funds own 66.70% of the company’s stock.

About Franco-Nevada

Franco-Nevada Corporation operates as a gold-focused royalty and streaming company in Latin America, 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.