Franco Nevada (NYSE:FNV) (TSE:FNV) received a $86.00 target price from stock analysts at Scotiabank in a report issued on Monday. The brokerage currently has a “hold” rating on the basic materials company’s stock. Scotiabank’s price objective would indicate a potential upside of 13.28% from the stock’s previous close.
Other research analysts have also recently issued reports about the stock. Royal Bank of Canada reaffirmed a “buy” rating and set a $100.00 price target on shares of Franco Nevada in a research report on Monday, October 23rd. TD Securities set a $96.00 price objective on shares of Franco Nevada and gave the company a “buy” rating in a research note on Friday, December 1st. Credit Suisse Group lowered shares of Franco Nevada from an “outperform” rating to a “neutral” rating and lifted their price objective for the company from $78.00 to $80.00 in a research note on Monday, September 25th. Desjardins reiterated a “sell” rating on shares of Franco Nevada in a research note on Monday, December 11th. Finally, Zacks Investment Research lowered shares of Franco Nevada from a “buy” rating to a “hold” rating in a research note on Friday, November 10th. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and five have issued a buy rating to the company. The stock has an average rating of “Hold” and an average target price of $85.20.
Shares of Franco Nevada (NYSE:FNV) traded down $2.34 during mid-day trading on Monday, reaching $75.92. 872,453 shares of the company’s stock were exchanged, compared to its average volume of 596,607. The firm has a market capitalization of $14,540.00, a PE ratio of 93.73, a price-to-earnings-growth ratio of 17.16 and a beta of -0.14. Franco Nevada has a 1 year low of $60.10 and a 1 year high of $86.06.
Franco Nevada (NYSE:FNV) (TSE:FNV) last announced its quarterly earnings results on Monday, November 6th. The basic materials company reported $0.30 earnings per share for the quarter, beating analysts’ consensus estimates of $0.27 by $0.03. The firm had revenue of $171.50 million for the quarter, compared to analysts’ expectations of $167.07 million. Franco Nevada had a net margin of 22.12% and a return on equity of 4.31%. Franco Nevada’s revenue was down .3% compared to the same quarter last year. During the same period in the previous year, the company posted $0.30 earnings per share. sell-side analysts expect that Franco Nevada will post 1.07 EPS for the current year.
Several institutional investors and hedge funds have recently bought and sold shares of FNV. Advisory Services Network LLC raised its stake in shares of Franco Nevada by 199.0% during the second quarter. Advisory Services Network LLC now owns 1,504 shares of the basic materials company’s stock valued at $109,000 after purchasing an additional 1,001 shares during the period. Advisors Asset Management Inc. increased its stake in shares of Franco Nevada by 453.9% in the third quarter. Advisors Asset Management Inc. now owns 1,922 shares of the basic materials company’s stock worth $149,000 after buying an additional 1,575 shares during the last quarter. Gratus Capital LLC bought a new stake in shares of Franco Nevada in the third quarter worth $201,000. Wright Investors Service Inc. bought a new stake in shares of Franco Nevada in the third quarter worth $245,000. Finally, Dynamic Technology Lab Private Ltd bought a new stake in shares of Franco Nevada in the second quarter worth $256,000. Institutional investors own 60.71% of the company’s stock.
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Franco Nevada Company Profile
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.