Franco-Nevada (TSE:FNV) Stock Rating Lowered by Canaccord Genuity Group

Franco-Nevada (TSE:FNV) (NYSE:FNV) was downgraded by equities research analysts at Canaccord Genuity Group from a “buy” rating to a “hold” rating in a research note issued to investors on Monday, Marketbeat reports. They currently have a C$380.00 price objective on the stock, up from their previous price objective of C$350.00. Canaccord Genuity Group’s price objective would indicate a potential upside of 6.81% from the stock’s previous close.

A number of other research analysts have also recently issued reports on FNV. Royal Bank Of Canada upgraded shares of Franco-Nevada from a “hold” rating to a “moderate buy” rating and set a C$250.00 price objective for the company in a report on Wednesday, December 10th. CIBC raised their target price on Franco-Nevada from C$315.00 to C$460.00 in a report on Friday, October 10th. TD Securities decreased their price target 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. Finally, UBS Group raised their price objective on Franco-Nevada from C$260.00 to C$270.00 and gave the company a “buy” rating in a research note on Tuesday, December 2nd. One research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of C$290.67.

Franco-Nevada Stock Up 0.0%

Franco-Nevada stock opened at C$355.77 on Monday. The company has a market capitalization of C$68.58 billion, a PE ratio of 74.58, a PEG ratio of 5.00 and a beta of 0.70. Franco-Nevada has a 12-month low of C$185.66 and a 12-month high of C$365.52. The firm’s fifty day moving average is C$302.10 and its 200 day moving average is C$276.51.

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

Insider Transactions at Franco-Nevada

In other Franco-Nevada news, insider Bonavie Tek sold 115 shares of the stock in a transaction that occurred on Wednesday, November 26th. The shares were sold at an average price of C$290.52, for a total transaction of C$33,409.80. 0.69% of the stock is currently owned by corporate insiders.

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. Franco-Nevada’s short-term financial performance is linked to the price of commodities and the amount of production from its portfolio of producing assets. Its long-term performance is affected by the availability of exploration and development capital.