Franco Nevada (FNV) Given a $80.00 Price Target by Credit Suisse Group Analysts

Franco Nevada (NYSE:FNV) (TSE:FNV) received a $80.00 price target from Credit Suisse Group in a research report issued on Monday. The brokerage presently has a “hold” rating on the basic materials company’s stock. Credit Suisse Group’s target price would indicate a potential upside of 4.73% from the stock’s current price.

A number of other research analysts have also recently weighed in on FNV. TD Securities set a $92.00 target price on shares of Franco Nevada and gave the company a “buy” rating in a research note on Thursday, October 19th. Royal Bank of Canada restated a “buy” rating and set a $100.00 target price on shares of Franco Nevada in a research note on Monday, October 23rd. Canaccord Genuity restated a “buy” rating and set a $121.00 target price on shares of Franco Nevada in a research note on Tuesday, November 7th. Scotiabank lifted their target price on shares of Franco Nevada from $82.50 to $85.00 and gave the company a “sector perform” rating in a research note on Tuesday, November 7th. Finally, Zacks Investment Research upgraded shares of Franco Nevada from a “hold” rating to a “buy” rating and set a $94.00 price target on the stock in a report on Thursday, November 9th. One research analyst has rated the stock with a sell rating, eight have given a hold rating and five have issued a buy rating to the stock. Franco Nevada currently has a consensus rating of “Hold” and an average target price of $85.70.

Franco Nevada (FNV) traded up $0.47 on Monday, hitting $76.39. 707,245 shares of the company were exchanged, compared to its average volume of 677,907. Franco Nevada has a 52 week low of $60.10 and a 52 week high of $86.06. The stock has a market cap of $14,100.00, a PE ratio of 94.31, a price-to-earnings-growth ratio of 17.16 and a beta of -0.14.

Franco Nevada (NYSE:FNV) (TSE:FNV) last released its 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. Franco Nevada had a net margin of 22.12% and a return on equity of 4.31%. The company had revenue of $171.50 million for the quarter, compared to analysts’ expectations of $167.07 million. During the same quarter in the previous year, the company earned $0.30 EPS. Franco Nevada’s revenue for the quarter was down .3% on a year-over-year basis. equities research analysts predict that Franco Nevada will post 1.07 EPS for the current fiscal year.

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Vanguard Group Inc. increased its holdings in Franco Nevada by 3.6% in the 2nd quarter. Vanguard Group Inc. now owns 4,221,772 shares of the basic materials company’s stock valued at $304,643,000 after acquiring an additional 145,698 shares during the last quarter. CIBC Asset Management Inc increased its holdings in Franco Nevada by 6.1% in the 3rd quarter. CIBC Asset Management Inc now owns 2,087,452 shares of the basic materials company’s stock valued at $161,281,000 after acquiring an additional 120,925 shares during the last quarter. Capital World Investors increased its holdings in Franco Nevada by 7.1% in the 2nd quarter. Capital World Investors now owns 2,034,978 shares of the basic materials company’s stock valued at $146,833,000 after acquiring an additional 135,299 shares during the last quarter. Swiss National Bank increased its holdings in Franco Nevada by 0.9% in the 3rd quarter. Swiss National Bank now owns 1,627,700 shares of the basic materials company’s stock valued at $126,129,000 after acquiring an additional 14,900 shares during the last quarter. Finally, Great West Life Assurance Co. Can increased its holdings in Franco Nevada by 4.1% in the 3rd quarter. Great West Life Assurance Co. Can now owns 1,330,454 shares of the basic materials company’s stock valued at $103,205,000 after acquiring an additional 52,358 shares during the last quarter. 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.