Franco Nev Corp Now Covered by Analysts at Barclays Capital (FNV)
Equities research analysts at Barclays Capital began coverage on shares of Franco Nev Corp (NYSE:FNV) in a research note issued to investors on Thursday, American Banking News.com reports. The firm set an “equal weight” rating on the stock.
Franco Nev Corp (NYSE:FNV) traded down 0.44% on Thursday, hitting $42.80. 97,643 shares of the company’s stock traded hands. Franco Nev Corp has a one year low of $31.54 and a one year high of $60.64. The stock’s 50-day moving average is $44.72 and its 200-day moving average is $41.60. The company has a market cap of $6.287 billion and a price-to-earnings ratio of 82.51.
Franco Nev Corp (NYSE:FNV) last issued its quarterly earnings data on Wednesday, August 7th. The company reported $0.22 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.24 by $0.02. The company had revenue of $93.30 million for the quarter, compared to the consensus estimate of $89.48 million. Analysts expect that Franco Nev Corp will post $0.91 EPS for the current fiscal year.
A number of other firms have also recently commented on FNV. Analysts at Credit Suisse raised their price target on shares of Franco Nev Corp from $43.00 to $45.00 in a research note to investors on Tuesday. They now have a “neutral” rating on the stock. Separately, analysts at Zacks upgraded shares of Franco Nev Corp from an “underperform” rating to a “neutral” rating in a research note to investors on Thursday, September 26th. They now have a $46.60 price target on the stock. Finally, analysts at TheStreet upgraded shares of Franco Nev Corp from a “sell” rating to a “hold” rating in a research note to investors on Friday, August 30th. Eight analysts have rated the stock with a hold rating and two have given a buy rating to the stock. Franco Nev Corp currently has a consensus rating of “Hold” and a consensus price target of $41.93.
Franco-Nevada Corporation (NYSE:FNV), is a gold-focused royalty and stream company with additional interests in platinum group metals (PGMs), oil and gas and other resource assets.
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