Franco-Nevada (TSE:FNV) Stock Price Expected to Rise, Stifel Nicolaus Analyst Says

Franco-Nevada (TSE:FNV) (NYSE:FNV) had its price objective lifted by Stifel Nicolaus from C$340.00 to C$380.00 in a research note issued on Tuesday,BayStreet.CA reports. Stifel Nicolaus’ price target points to a potential upside of 11.23% from the stock’s current price.

A number of other research analysts have also recently commented on FNV. UBS Group upped their target price 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. Canaccord Genuity Group cut Franco-Nevada from a “buy” rating to a “hold” rating and raised their target price for the company from C$350.00 to C$380.00 in a report on Monday, January 26th. Canadian Imperial Bank of Commerce boosted their price target on shares of Franco-Nevada from C$460.00 to C$480.00 in a research note on Wednesday, February 4th. TD Securities reduced 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 report on Wednesday, November 5th. Finally, Royal Bank Of Canada raised Franco-Nevada from a “hold” rating to a “moderate buy” rating and set a C$250.00 price target for the company in a report on Wednesday, December 10th. One investment analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat.com, Franco-Nevada presently has a consensus rating of “Moderate Buy” and an average price target of C$305.67.

Franco-Nevada Stock Up 1.5%

TSE:FNV traded up C$4.89 on Tuesday, hitting C$341.62. The stock had a trading volume of 102,010 shares, compared to its average volume of 447,416. The stock has a market cap of C$65.86 billion, a price-to-earnings ratio of 71.62, a PEG ratio of 5.00 and a beta of 0.78. The company has a fifty day moving average price of C$310.58 and a two-hundred day moving average price of C$283.70. Franco-Nevada has a 1-year low of C$195.93 and a 1-year high of C$368.63.

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

Insider Buying and Selling at Franco-Nevada

In other news, insider Bonavie Tek sold 115 shares of the business’s stock in a transaction dated 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 currently 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.