Franco-Nevada (TSE:FNV) Price Target Raised to C$400.00 at National Bank Financial

Franco-Nevada (TSE:FNV) (NYSE:FNV) had its target price raised by research analysts at National Bank Financial from C$380.00 to C$400.00 in a note issued to investors on Thursday,BayStreet.CA reports. National Bank Financial’s target price would indicate a potential upside of 10.78% from the stock’s current price.

A number of other analysts also recently issued reports on FNV. 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 research report on Wednesday, December 10th. UBS Group increased their price objective on shares of Franco-Nevada from C$260.00 to C$270.00 and gave the stock a “buy” rating in a research report on Tuesday, December 2nd. Canaccord Genuity Group lowered shares of Franco-Nevada from a “buy” rating to a “hold” rating and lifted 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 increased their price target on Franco-Nevada from C$460.00 to C$480.00 in a report on Wednesday, February 4th. Finally, Stifel Nicolaus raised their price objective on Franco-Nevada from C$340.00 to C$380.00 in a research report on Tuesday, February 10th. One research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat, Franco-Nevada currently has an average rating of “Moderate Buy” and an average price target of C$336.67.

Franco-Nevada Trading Up 0.2%

Franco-Nevada stock traded up C$0.58 during midday trading on Thursday, reaching C$361.06. The stock had a trading volume of 130,336 shares, compared to its average volume of 416,223. The stock’s 50-day simple moving average is C$340.93 and its 200 day simple moving average is C$302.03. Franco-Nevada has a twelve month low of C$199.61 and a twelve month high of C$388.22. The company has a debt-to-equity ratio of 0.12, a quick ratio of 23.26 and a current ratio of 4.64. The stock has a market capitalization of C$69.60 billion, a PE ratio of 75.69, a price-to-earnings-growth ratio of 5.00 and a beta of 0.81.

Franco-Nevada (TSE:FNV) (NYSE:FNV) last announced its quarterly earnings results on Tuesday, March 10th. The company reported C$3.86 EPS for the quarter. The company had revenue of C$819.83 million during the quarter. Franco-Nevada had a return on equity of 14.21% and a net margin of 59.48%. Analysts expect that Franco-Nevada will post 3.1114111 EPS for the current year.

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.