Franco-Nevada Coverage Initiated by Analysts at Goldman Sachs (FNV)
Equities research analysts at Goldman Sachs began coverage on shares of Franco-Nevada (NYSE:FNV) in a research note issued to investors on Tuesday, TheFlyOnTheWall.com reports. The firm set a “neutral” rating on the stock.
A number of other analysts have also recently weighed in on FNV. Analysts at TheStreet downgraded shares of Franco-Nevada from a “hold” rating to a “sell” rating in a research note on Monday, April 14th. Separately, analysts at Cowen and Company reiterated a “market perform” rating on shares of Franco-Nevada in a research note on Friday, March 21st. They now have a $35.59 price target on the stock, up previously from $30.53. Finally, analysts at Raymond James cut their price target on shares of Franco-Nevada from $48.00 to $46.00 in a research note on Friday, March 21st. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and four have assigned a buy rating to the company. The company currently has an average rating of “Hold” and an average target price of $47.76.
Shares of Franco-Nevada (NYSE:FNV) traded up 3.17% on Tuesday, hitting $46.86. The stock had a trading volume of 974,666 shares. Franco-Nevada has a 1-year low of $31.54 and a 1-year high of $53.70. The stock has a 50-day moving average of $48.00 and a 200-day moving average of $45.15. The company has a market cap of $6.900 billion and a price-to-earnings ratio of 567.75.
Franco-Nevada (NYSE:FNV) last posted its quarterly earnings results on Wednesday, March 19th. The company reported $0.21 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.24 by $0.03. The company had revenue of $100.00 million for the quarter, compared to the consensus estimate of $100.77 million. Franco-Nevada’s revenue was down 12.4% compared to the same quarter last year. Analysts expect that Franco-Nevada will post $1.05 EPS for the current fiscal year.
Franco-Nevada Corporation (NYSE:FNV) is a gold-focused royalty and stream company with interests in platinum group metals (PGMs), oil and gas and other resource assets.
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