Barclays Lowers Franco Nev Corp Price Target to $49.00 (FNV)
Analysts at Barclays reduced their price objective on shares of Franco Nev Corp (NYSE:FNV) from $51.00 to $49.00 in a research report issued to clients and investors on Friday, Analyst Ratings Net reports. Barclays’ price target points to a potential upside of 11.77% from the stock’s previous close.
Shares of Franco Nev Corp (NYSE:FNV) traded up 2.30% on Friday, hitting $44.85. 880,192 shares of the company’s stock traded hands. Franco Nev Corp has a 1-year low of $31.54 and a 1-year high of $56.59. The stock’s 50-day moving average is $40.40 and its 200-day moving average is $42.2. The company has a market cap of $6.593 billion and a price-to-earnings ratio of 110.15.
Franco Nev Corp (NYSE:FNV) last announced its earnings results on Tuesday, November 5th. The company reported $0.24 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.20 by $0.04. The company had revenue of $98.80 million for the quarter, compared to the consensus estimate of $93.80 million. Analysts expect that Franco Nev Corp will post $0.96 EPS for the current fiscal year.
A number of other analysts have also recently weighed in on FNV. Analysts at Raymond James raised their price target on shares of Franco Nev Corp from $43.00 to $45.00 in a research note to investors on Monday, December 16th. Separately, analysts at RBC Capital upgraded shares of Franco Nev Corp from a “sector perform” rating to an “outperform” rating in a research note to investors on Friday, December 6th. They now have a $53.00 price target on the stock, up previously from $43.00. Finally, analysts at UBS AG upgraded shares of Franco Nev Corp to a “buy” rating in a research note to investors on Tuesday, December 3rd. Six equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Franco Nev Corp presently has a consensus rating of “Hold” and an average price target of $44.96.
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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