Franco-Nevada Corporation (FNV) Rating Reiterated by Royal Bank Of Canada
Franco-Nevada Corporation (NYSE:FNV) (TSE:FNV)‘s stock had its “buy” rating restated by research analysts at Royal Bank Of Canada in a research report issued to clients and investors on Monday. They currently have a $100.00 price objective on the basic materials company’s stock. Royal Bank Of Canada’s price target suggests a potential upside of 25.13% from the stock’s current price.
Several other research analysts have also recently commented on FNV. Deutsche Bank AG restated a “hold” rating and issued a $64.00 target price (down previously from $65.00) on shares of Franco-Nevada Corporation in a research report on Sunday, June 25th. BidaskClub upgraded shares of Franco-Nevada Corporation from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, June 27th. Zacks Investment Research upgraded shares of Franco-Nevada Corporation from a “hold” rating to a “buy” rating and set a $80.00 target price for the company in a research report on Wednesday, July 12th. Barclays PLC decreased their target price on shares of Franco-Nevada Corporation from $74.00 to $72.00 and set an “equal weight” rating for the company in a research report on Thursday, July 13th. Finally, Credit Suisse Group set a $78.00 target price on shares of Franco-Nevada Corporation and gave the stock a “buy” rating in a research report on Tuesday, July 18th. Seven equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus target price of $81.65.
Shares of Franco-Nevada Corporation (NYSE FNV) traded up 0.31% during midday trading on Monday, reaching $79.92. The company’s stock had a trading volume of 534,511 shares. Franco-Nevada Corporation has a 1-year low of $53.31 and a 1-year high of $85.03. The stock has a 50 day moving average of $80.27 and a 200-day moving average of $74.43. The company has a market capitalization of $14.82 billion, a P/E ratio of 100.78 and a beta of -0.12.
Franco-Nevada Corporation (NYSE:FNV) (TSE:FNV) last released its quarterly earnings data on Tuesday, August 8th. The basic materials company reported $0.25 earnings per share for the quarter, hitting the consensus estimate of $0.25. The firm had revenue of $163.60 million for the quarter, compared to analyst estimates of $164.62 million. Franco-Nevada Corporation had a net margin of 21.26% and a return on equity of 4.39%. Franco-Nevada Corporation’s quarterly revenue was up 8.8% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.22 earnings per share. On average, equities research analysts anticipate that Franco-Nevada Corporation will post $1.02 earnings per share for the current year.
TRADEMARK VIOLATION NOTICE: “Franco-Nevada Corporation (FNV) Rating Reiterated by Royal Bank Of Canada” was originally published by American Banking News and is owned by of American Banking News. If you are reading this article on another website, it was stolen and republished in violation of US & international trademark & copyright legislation. The legal version of this article can be viewed at https://www.americanbankingnews.com/2017/10/23/franco-nevada-corporation-fnv-rating-reiterated-by-royal-bank-of-canada.html.
Several institutional investors have recently bought and sold shares of FNV. CGOV Asset Management boosted its holdings in shares of Franco-Nevada Corporation by 4.0% in the first quarter. CGOV Asset Management now owns 41,400 shares of the basic materials company’s stock valued at $3,613,000 after acquiring an additional 1,600 shares in the last quarter. Karp Capital Management Corp bought a new position in shares of Franco-Nevada Corporation in the first quarter valued at approximately $374,000. Parametric Portfolio Associates LLC boosted its holdings in shares of Franco-Nevada Corporation by 58.7% in the first quarter. Parametric Portfolio Associates LLC now owns 40,285 shares of the basic materials company’s stock valued at $2,639,000 after acquiring an additional 14,894 shares in the last quarter. Stifel Financial Corp boosted its holdings in shares of Franco-Nevada Corporation by 73.6% in the first quarter. Stifel Financial Corp now owns 7,372 shares of the basic materials company’s stock valued at $487,000 after acquiring an additional 3,125 shares in the last quarter. Finally, SG Americas Securities LLC boosted its holdings in shares of Franco-Nevada Corporation by 19.6% in the first quarter. SG Americas Securities LLC now owns 6,228 shares of the basic materials company’s stock valued at $408,000 after acquiring an additional 1,019 shares in the last quarter. Institutional investors and hedge funds own 60.24% of the company’s stock.
About Franco-Nevada Corporation
Franco-Nevada Corporation (Franco-Nevada) is a gold-focused royalty and stream company. The Company has interests in silver, platinum group metals, oil and gas and other resource assets. The Company is engaged in resource sector royalty/stream acquisitions and management activities. It has a portfolio of properties in the United States, Canada, Mexico, Peru, Chile and Africa.
Receive News & Ratings for Franco-Nevada Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Franco-Nevada Corporation and related companies with MarketBeat.com's FREE daily email newsletter.