Franco-Nevada Price Target Raised to C$55.00 at Goldman Sachs (FNV)
Analysts at Goldman Sachs boosted their price target on shares of Franco-Nevada (TSE:FNV) from C$52.00 to C$55.00 in a research report issued to clients and investors on Wednesday. Goldman Sachs’ target price points to a potential downside of 13.86% from the stock’s previous close.
Several other analysts have also recently commented on the stock. Analysts at CIBC raised their price target on shares of Franco-Nevada from C$64.00 to C$71.00 in a research note on Friday, August 8th. They now have a “sector outperform” rating on the stock. Separately, analysts at Raymond James raised their price target on shares of Franco-Nevada from C$52.00 to C$53.00 in a research note on Thursday, August 7th. They now have a “market perform” rating on the stock. Finally, analysts at BMO Capital Markets raised their price target on shares of Franco-Nevada from C$70.00 to C$75.00 in a research note on Thursday, August 7th. They now have an “outperform” rating on the stock. One equities research analyst has rated the stock with a hold rating and three have given a buy rating to the stock. The company has a consensus rating of “Buy” and an average price target of C$63.67.
Franco-Nevada (TSE:FNV) traded up 0.13% on Wednesday, hitting $63.93. The stock had a trading volume of 200,774 shares. Franco-Nevada has a 52 week low of $39.41 and a 52 week high of $67.12. The stock has a 50-day moving average of $62. and a 200-day moving average of $56.05. The company has a market cap of $9.428 billion and a P/E ratio of 332.55.
Franco-Nevada (TSE:FNV) last posted its quarterly earnings results on Thursday, August 7th. The company reported $0.26 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.25 by $0.01. On average, analysts predict that Franco-Nevada will post $0.98 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Thursday, September 25th. Stockholders of record on Thursday, September 11th will be paid a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a dividend yield of 1.25%.
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.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.