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

Franco-Nevada (TSE:FNV) (NYSE:FNV) had its price target hoisted by CIBC from C$460.00 to C$480.00 in a report released on Wednesday,BayStreet.CA reports. CIBC’s price objective would suggest a potential upside of 56.26% from the company’s current price.

Several other equities analysts have also weighed in on FNV. Canaccord Genuity Group lowered Franco-Nevada from a “buy” rating to a “hold” rating and raised their target price for the company from C$350.00 to C$380.00 in a report on Monday, January 26th. 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. Royal Bank Of Canada upgraded Franco-Nevada from a “hold” rating to a “moderate buy” rating and set a C$250.00 target price for the company in a report on Wednesday, December 10th. Finally, TD Securities lowered their price target on Franco-Nevada from C$247.00 to C$225.00 and set a “hold” rating on the stock in a report on Wednesday, November 5th. One equities research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat.com, Franco-Nevada presently has a consensus rating of “Moderate Buy” and an average target price of C$292.89.

Franco-Nevada Stock Down 5.8%

TSE FNV opened at C$307.19 on Wednesday. The stock has a market capitalization of C$59.22 billion, a PE ratio of 64.40, a price-to-earnings-growth ratio of 5.00 and a beta of 0.78. Franco-Nevada has a 12-month low of C$195.93 and a 12-month high of C$368.63. The company has a 50 day moving average price of C$309.14 and a two-hundred day moving average price of C$281.29.

Franco-Nevada (TSE:FNV) (NYSE:FNV) last announced its quarterly earnings results 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 analysts anticipate that Franco-Nevada will post 3.1114111 EPS for the current year.

Insider Buying and Selling

In other Franco-Nevada news, insider Bonavie Tek sold 115 shares of Franco-Nevada stock in a transaction that occurred 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.

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.