Franco-Nevada Given Consensus Rating of “Hold” by Analysts (NYSE:FNV)
Franco-Nevada (NYSE:FNV) has received a consensus rating of “Hold” from the fourteen analysts that are currently covering the company, Analyst Ratings Network reports. One investment analyst has rated the stock with a sell recommendation, six have assigned a hold recommendation and four have given a buy recommendation to the company. The average 12-month price target among analysts that have issued ratings on the stock in the last year is $47.76.
FNV has been the subject of a number of recent research reports. Analysts at Goldman Sachs initiated coverage on shares of Franco-Nevada in a research note on Tuesday. They set a “neutral” rating on the stock. Separately, analysts at TheStreet downgraded shares of Franco-Nevada from a “hold” rating to a “sell” rating in a research note on Monday, April 14th. Finally, 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.
Shares of Franco-Nevada (NYSE:FNV) opened at 46.63 on Friday. Franco-Nevada has a 52 week low of $31.54 and a 52 week high of $53.70. The stock has a 50-day moving average of $47.78 and a 200-day moving average of $45.17. The company has a market cap of $6.866 billion and a P/E ratio of 582.88.
Franco-Nevada (NYSE:FNV) last announced its earnings results on Wednesday, March 19th. The company reported $0.21 earnings per share (EPS) for the quarter, missing the 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. The company’s revenue for the quarter was down 12.4% on a year-over-year basis. On average, analysts predict that Franco-Nevada will post $1.04 earnings per share 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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