Franco-Nevada (TSE:FNV) Given New C$390.00 Price Target at Stifel Nicolaus

Franco-Nevada (TSE:FNV) (NYSE:FNV) had its price target hoisted by Stifel Nicolaus from C$380.00 to C$390.00 in a research report released on Friday,BayStreet.CA reports.

Several other research analysts also recently issued reports on FNV. BMO Capital Markets lifted their price objective on Franco-Nevada from C$370.00 to C$410.00 in a research report on Wednesday, April 22nd. TD Securities upgraded shares of Franco-Nevada from a “hold” rating to a “strong-buy” rating in a report on Wednesday, May 20th. National Bank Financial raised shares of Franco-Nevada from a “hold” rating to a “strong-buy” rating and increased their price target for the stock from C$410.00 to C$420.00 in a research note on Wednesday, May 13th. Finally, Canaccord Genuity Group raised Franco-Nevada from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, April 29th. Three research analysts have rated the stock with a Strong Buy rating and two have assigned a Buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Strong Buy” and an average price target of C$356.56.

Franco-Nevada Trading Up 1.0%

Shares of FNV stock opened at C$281.30 on Friday. Franco-Nevada has a twelve month low of C$211.53 and a twelve month high of C$388.22. The business’s 50 day moving average is C$305.84 and its two-hundred day moving average is C$326.54. The company has a market capitalization of C$54.25 billion, a P/E ratio of 39.62, a price-to-earnings-growth ratio of 5.00 and a beta of 0.96.

Franco-Nevada (TSE:FNV) (NYSE:FNV) last released its earnings results on Tuesday, May 12th. The company reported C$3.31 EPS for the quarter. Franco-Nevada had a return on equity of 18.67% and a net margin of 65.14%.The company had revenue of C$904.66 million during the quarter. As a group, equities analysts predict that Franco-Nevada will post 3.1114111 earnings per share for the current fiscal year.

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.