Franco-Nevada Now Covered by Analysts at Goldman Sachs (FNV)
Investment analysts at Goldman Sachs began coverage on shares of Franco-Nevada (TSE:FNV) in a note issued to investors on Tuesday, American Banking and Market News reports. The firm set a “neutral” rating on the stock.
Several other analysts have also recently commented on the stock. Analysts at TD Securities raised their price target on shares of Franco-Nevada from C$50.00 to C$52.00 in a research note on Friday, March 21st. They now have a “hold” rating on the stock. Separately, analysts at UBS AG cut their price target on shares of Franco-Nevada from C$63.50 to C$60.00 in a research note on Thursday, March 20th. Finally, analysts at CIBC raised their price target on shares of Franco-Nevada from C$54.00 to C$64.00 in a research note on Tuesday, February 25th. Two analysts have rated the stock with a hold rating and one has issued a buy rating to the company. The company has an average rating of “Hold” and an average target price of C$55.40.
Shares of Franco-Nevada (TSE:FNV) opened at 49.98 on Tuesday. Franco-Nevada has a 52 week low of $33.05 and a 52 week high of $59.84. The stock has a 50-day moving average of $53.2 and a 200-day moving average of $48.82. The company has a market cap of $7.360 billion and a price-to-earnings ratio of 621.34.
Franco-Nevada (TSE:FNV) last announced its earnings results on Wednesday, March 19th. The company reported $0.21 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.22 by $0.01. During the same quarter in the prior year, the company posted $0.32 earnings per share. On average, analysts predict that Franco-Nevada will post $0.95 earnings per share for the current fiscal year.
Franco-Nevada Corporation (TSE: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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