Canaccord Genuity Group Boosts Franco-Nevada (TSE:FNV) Price Target to C$177.00

Franco-Nevada (TSE:FNV) (NYSE:FNV) had its target price increased by stock analysts at Canaccord Genuity Group from C$168.00 to C$177.00 in a research note issued to investors on Tuesday, BayStreet.CA reports. Canaccord Genuity Group’s price objective would indicate a potential upside of 8.51% from the stock’s previous close.

FNV has been the topic of a number of other research reports. Eight Capital lifted their price target on shares of Franco-Nevada from C$190.00 to C$200.00 and gave the stock a “buy” rating in a report on Monday. National Bankshares lowered their price objective on shares of Franco-Nevada from C$172.50 to C$170.00 and set a “sector perform” rating for the company in a report on Thursday, March 7th. Raymond James reduced their price target on shares of Franco-Nevada from C$146.00 to C$138.00 and set an “outperform” rating for the company in a research report on Thursday, March 7th. Bank of America lifted their price target on shares of Franco-Nevada from C$186.00 to C$190.00 in a research note on Tuesday, April 9th. Finally, Veritas Investment Research lifted their target price on shares of Franco-Nevada from C$149.00 to C$173.00 in a research note on Friday, April 12th. Three research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of C$187.50.

Franco-Nevada Stock Up 0.7 %

FNV traded up C$1.12 on Tuesday, hitting C$163.12. 135,898 shares of the company were exchanged, compared to its average volume of 377,375. The stock’s fifty day moving average is C$155.17 and its 200-day moving average is C$157.16. The company has a market cap of C$31.35 billion, a PE ratio of -48.92, a PEG ratio of 5.00 and a beta of 0.63. The company has a debt-to-equity ratio of 1.63, a quick ratio of 23.26 and a current ratio of 41.21. Franco-Nevada has a 12 month low of C$139.19 and a 12 month high of C$217.70.

Franco-Nevada (TSE:FNV) (NYSE:FNV) last released its earnings results on Tuesday, March 5th. The company reported C$1.23 earnings per share for the quarter, topping the consensus estimate of C$1.07 by C$0.16. The firm had revenue of C$412.95 million during the quarter. Franco-Nevada had a negative return on equity of 7.65% and a negative net margin of 38.33%. Equities research analysts predict that Franco-Nevada will post 4.2780116 EPS for the current fiscal year.

Insider Activity

In related news, Senior Officer Sandip Rana sold 10,749 shares of Franco-Nevada stock in a transaction that occurred on Thursday, March 21st. The shares were sold at an average price of C$160.29, for a total value of C$1,722,952.91. In other Franco-Nevada news, Senior Officer Sandip Rana sold 10,749 shares of the business’s stock in a transaction on Thursday, March 21st. The shares were sold at an average price of C$160.29, for a total value of C$1,722,952.91. Also, Director Paul Brink sold 3,445 shares of the company’s stock in a transaction on Thursday, March 21st. The stock was sold at an average price of C$158.93, for a total transaction of C$547,513.85. Over the last quarter, insiders sold 16,839 shares of company stock valued at $2,686,396. 0.69% of the stock is currently owned by company insiders.

Franco-Nevada Company Profile

Franco-Nevada Corporation operates as a gold-focused royalty and streaming company in South America, Central America, Mexico, the United States, Canada, and internationally. It operates through Mining and Energy segments. The company manages its portfolio with a focus on precious metals, such as gold, silver, and platinum group metals; and engages in the sale of crude oil, natural gas, and natural gas liquids through a third-party marketing agent.