Franco-Nevada (TSE:FNV) PT Raised to C$196.00

Franco-Nevada (TSE:FNV) (NYSE:FNV) had its price objective lifted by equities research analysts at Stifel Nicolaus from C$182.00 to C$196.00 in a research report issued to clients and investors on Friday, BayStreet.CA reports. The brokerage currently has a “buy” rating on the stock. Stifel Nicolaus’ price target would suggest a potential upside of 17.37% from the stock’s previous close.

Other analysts have also issued research reports about the company. Bank of America increased their target price on Franco-Nevada from C$186.00 to C$190.00 in a report on Tuesday, April 9th. Raymond James reduced their target price on Franco-Nevada from C$146.00 to C$138.00 and set an “outperform” rating for the company in a report on Thursday, March 7th. Veritas Investment Research increased their target price on Franco-Nevada from C$149.00 to C$173.00 in a report on Friday, April 12th. BMO Capital Markets reduced their target price on Franco-Nevada from C$200.00 to C$195.00 in a report on Wednesday, March 6th. Finally, National Bankshares cut their price objective on Franco-Nevada from C$172.50 to C$170.00 and set a “sector perform” rating for the company in a report on Thursday, March 7th. Three equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of C$185.27.

Franco-Nevada Stock Performance

FNV opened at C$167.00 on Friday. The firm has a market cap of C$32.09 billion, a PE ratio of -50.15, a P/E/G ratio of 5.00 and a beta of 0.63. The company has a quick ratio of 23.26, a current ratio of 41.21 and a debt-to-equity ratio of 1.63. The business has a fifty day simple moving average of C$154.87 and a 200-day simple moving average of C$157.41. Franco-Nevada has a fifty-two week low of C$139.19 and a fifty-two week high of C$217.70.

Franco-Nevada (TSE:FNV) (NYSE:FNV) last released its quarterly earnings data on Tuesday, March 5th. The company reported C$1.23 earnings per share for the quarter, topping the consensus estimate of C$1.07 by C$0.16. The business had revenue of C$412.95 million during the quarter. Franco-Nevada had a negative return on equity of 7.65% and a negative net margin of 38.33%. As a group, equities analysts predict that Franco-Nevada will post 4.2780116 EPS for the current fiscal year.

Insider Buying and Selling at Franco-Nevada

In other Franco-Nevada news, Senior Officer Sandip Rana sold 10,749 shares of the firm’s stock in a transaction dated Thursday, March 21st. The stock was sold at an average price of C$160.29, for a total transaction of C$1,722,952.91. In other Franco-Nevada news, Director Paul Brink sold 2,315 shares of the firm’s stock in a transaction dated Monday, March 25th. The stock was sold at an average price of C$157.33, for a total transaction of C$364,221.50. Also, Senior Officer Sandip Rana sold 10,749 shares of the firm’s stock in a transaction dated Thursday, March 21st. The shares were sold at an average price of C$160.29, for a total value of C$1,722,952.91. Insiders have sold a total of 16,839 shares of company stock worth $2,686,396 over the last three months. Corporate 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.