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Analysts at Paradigm Capital increased their price target on shares of Franco-Nevada (NYSE:FNV) from $55.00 to $70.00 in a report issued on Wednesday. The firm currently has a “buy” rating on the stock. Paradigm Capital’s price objective suggests a potential upside of 26.95% from the company’s current price.

Other equities research analysts have also recently issued reports about the stock. Analysts at Morgan Stanley initiated coverage on shares of Franco-Nevada in a research note on Tuesday. They set an “equal weight” rating and a $52.00 price target on the stock. Finally, analysts at Goldman Sachs initiated coverage on shares of Franco-Nevada in a research note on Tuesday, April 22nd. They set a “neutral” rating on the stock. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and four have assigned a buy rating to the stock. The company currently has an average rating of “Hold” and an average target price of $49.97.

Franco-Nevada (NYSE:FNV) opened at 55.14 on Wednesday. Franco-Nevada has a 1-year low of $31.54 and a 1-year high of $56.44. The stock’s 50-day moving average is $49.05 and its 200-day moving average is $47.17. The company has a market cap of $8.123 billion and a P/E ratio of 699.00.

Franco-Nevada (NYSE:FNV) last issued its quarterly earnings data on Wednesday, May 7th. The company reported $0.24 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.23 by $0.01. The company had revenue of $104.10 million for the quarter, compared to the consensus estimate of $101.23 million. The company’s revenue for the quarter was down 4.3% on a year-over-year basis. On average, analysts predict that Franco-Nevada will post $0.95 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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