Franco-Nevada (TSE:FNV) Upgraded at Royal Bank Of Canada

Royal Bank Of Canada upgraded shares of Franco-Nevada (TSE:FNV) (NYSE:FNV) from a hold rating to a moderate buy rating in a research note published on Wednesday, MarketBeat.com reports. The brokerage currently has C$250.00 price target on the stock.

FNV has been the subject of several other reports. TD Securities dropped their target price on Franco-Nevada from C$247.00 to C$225.00 and set a “hold” rating for the company in a report on Wednesday, November 5th. UBS Group boosted their price objective on shares of Franco-Nevada from C$260.00 to C$270.00 and gave the company a “buy” rating in a research report on Tuesday, December 2nd. CIBC raised their target price on shares of Franco-Nevada from C$315.00 to C$460.00 in a research report on Friday, October 10th. Canaccord Genuity Group raised shares of Franco-Nevada from a “hold” rating to a “buy” rating and increased their price target for the stock from C$322.00 to C$350.00 in a research note on Wednesday, October 22nd. Finally, Bank of America upped their target price on Franco-Nevada from C$255.00 to C$290.00 in a report on Friday, August 29th. One analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Buy” and an average price target of C$287.33.

Franco-Nevada Stock Up 0.2%

Shares of TSE:FNV opened at C$295.69 on Wednesday. The stock has a market cap of C$57.00 billion, a PE ratio of 61.99, a PEG ratio of 5.00 and a beta of 0.74. The company’s fifty day moving average is C$279.33 and its 200 day moving average is C$257.15. Franco-Nevada has a 52 week low of C$165.36 and a 52 week high of C$314.53.

Franco-Nevada (TSE:FNV) (NYSE:FNV) last posted its quarterly earnings results on Monday, November 3rd. The company reported C$1.43 earnings per share (EPS) for the quarter. The business had revenue of C$679.08 million during the quarter. Franco-Nevada had a negative net margin of 57.55% and a negative return on equity of 10.83%. Sell-side analysts anticipate that Franco-Nevada will post 3.1114111 EPS for the current year.

About Franco-Nevada

Franco-Nevada Corp is a precious-metals-focused royalty and investment company. The company owns a diversified portfolio of precious metals and royalty streams, which is actively managed to generate the bulk of its revenue from gold, silver, and platinum. The company does not operate mines, develop projects, or conduct exploration.