Franco-Nevada (TSE:FNV) Stock Price Expected to Rise, Stifel Nicolaus Analyst Says

Franco-Nevada (TSE:FNV) (NYSE:FNV) had its target price upped by research analysts at Stifel Nicolaus from C$340.00 to C$380.00 in a report issued on Tuesday,BayStreet.CA reports. Stifel Nicolaus’ price target indicates a potential upside of 8.77% from the company’s previous close.

Several other research analysts have also weighed in on FNV. Canadian Imperial Bank of Commerce lifted their price objective on Franco-Nevada from C$460.00 to C$480.00 in a research report on Wednesday, February 4th. TD Securities lowered 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 increased their price target on Franco-Nevada from C$260.00 to C$270.00 and gave the stock a “buy” rating in a report on Tuesday, December 2nd. Canaccord Genuity Group downgraded shares of Franco-Nevada from a “buy” rating to a “hold” rating and raised their price objective for the stock from C$350.00 to C$380.00 in a research report on Monday, January 26th. Finally, 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 on the stock in a report on Wednesday, December 10th. One equities research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of C$305.67.

Franco-Nevada Stock Performance

Franco-Nevada stock opened at C$349.35 on Tuesday. Franco-Nevada has a 52-week low of C$195.93 and a 52-week high of C$368.63. The firm has a 50 day moving average price of C$313.13 and a two-hundred day moving average price of C$285.02. The firm has a market cap of C$67.35 billion, a price-to-earnings ratio of 73.24, a PEG ratio of 5.00 and a beta of 0.78.

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

Insider Buying and Selling at Franco-Nevada

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

Franco-Nevada Company Profile

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.