UBS Group Forecasts Strong Price Appreciation for Franco-Nevada (TSE:FNV) Stock

Franco-Nevada (TSE:FNV) (NYSE:FNV) had its price target hoisted by equities researchers at UBS Group from C$260.00 to C$270.00 in a research report issued to clients and investors on Tuesday,BayStreet.CA reports. The firm presently has a “buy” rating on the stock. UBS Group’s price target suggests a potential downside of 4.68% from the stock’s current price.

Several other equities research analysts also recently issued reports on FNV. Bank of America raised their price objective on shares of Franco-Nevada from C$255.00 to C$290.00 in a research note on Friday, August 29th. TD Securities decreased their price target on shares of Franco-Nevada from C$247.00 to C$225.00 and set a “hold” rating on the stock in a research report on Wednesday, November 5th. CIBC boosted their price objective on shares of Franco-Nevada from C$315.00 to C$460.00 in a report on Friday, October 10th. Finally, Canaccord Genuity Group raised shares of Franco-Nevada from a “hold” rating to a “buy” rating and upped their price objective for the company from C$322.00 to C$350.00 in a research report on Wednesday, October 22nd. One investment analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat, the company has an average rating of “Buy” and a consensus target price of C$292.00.

Franco-Nevada Stock Performance

Franco-Nevada stock opened at C$283.27 on Tuesday. Franco-Nevada has a 52 week low of C$165.36 and a 52 week high of C$314.53. The firm has a market capitalization of C$54.61 billion, a PE ratio of 59.39, a PEG ratio of 5.00 and a beta of 0.83. The business’s 50-day simple moving average is C$282.09 and its 200-day simple moving average is C$254.56.

Franco-Nevada (TSE:FNV) (NYSE:FNV) last announced its earnings results 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 during the quarter. Franco-Nevada had a negative return on equity of 10.83% and a negative net margin of 57.55%. Research analysts forecast that Franco-Nevada will post 3.1114111 earnings per share for the current year.

Insider Activity at Franco-Nevada

In other Franco-Nevada news, insider Sandip Rana sold 6,000 shares of the firm’s stock in a transaction dated Wednesday, September 10th. The shares were sold at an average price of C$274.47, for a total transaction of C$1,646,844.00. Following the completion of the transaction, the insider owned 57,483 shares in the company, valued at C$15,777,588.94. This trade represents a 9.45% decrease in their ownership of the stock. Also, insider Christian Thatcher sold 6,000 shares of Franco-Nevada stock in a transaction that occurred on Monday, September 8th. The shares were sold at an average price of C$273.00, for a total value of C$1,638,000.00. Insiders have sold a total of 13,000 shares of company stock valued at $3,558,344 over the last quarter. 0.69% of the stock is owned by company 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.