Franco-Nevada (NYSE:FNV) PT Raised to $185.00 at HC Wainwright

Franco-Nevada (NYSE:FNV) (TSE:FNV) had its price objective lifted by equities research analysts at HC Wainwright from $175.00 to $185.00 in a report released on Monday, Benzinga reports. The firm currently has a “buy” rating on the basic materials company’s stock. HC Wainwright’s price objective suggests a potential upside of 50.10% from the stock’s previous close.

FNV has been the topic of a number of other reports. Bank of America lowered their target price on shares of Franco-Nevada from $138.00 to $136.00 and set a “buy” rating on the stock in a report on Monday, March 18th. Jefferies Financial Group raised their target price on shares of Franco-Nevada from $117.00 to $129.00 and gave the company a “hold” rating in a research note on Monday, April 22nd. Raymond James boosted their price target on Franco-Nevada from $138.00 to $141.00 and gave the stock an “outperform” rating in a research report on Thursday, April 11th. TheStreet lowered Franco-Nevada from a “c+” rating to a “d+” rating in a research note on Tuesday, March 5th. Finally, Scotiabank boosted their target price on Franco-Nevada from $139.00 to $140.00 and gave the stock a “sector perform” rating in a report on Thursday, April 18th. Six research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Hold” and an average price target of $148.60.

Franco-Nevada Trading Up 1.9 %

Shares of FNV stock opened at $123.25 on Monday. The firm’s fifty day moving average price is $116.74 and its two-hundred day moving average price is $114.92. Franco-Nevada has a 1 year low of $102.29 and a 1 year high of $161.25. The firm has a market capitalization of $23.70 billion, a P/E ratio of -49.50, a PEG ratio of 6.29 and a beta of 0.72.

Franco-Nevada (NYSE:FNV) (TSE:FNV) last released its earnings results on Wednesday, May 1st. The basic materials company reported $0.76 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.68 by $0.08. The business had revenue of $256.80 million for the quarter, compared to analyst estimates of $250.50 million. Franco-Nevada had a positive return on equity of 10.81% and a negative net margin of 39.88%. Franco-Nevada’s revenue was down 7.1% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.79 earnings per share. As a group, equities research analysts forecast that Franco-Nevada will post 2.97 EPS for the current fiscal year.

Institutional Trading of Franco-Nevada

Several hedge funds have recently added to or reduced their stakes in the company. Geneos Wealth Management Inc. lifted its holdings in Franco-Nevada by 6.2% during the 1st quarter. Geneos Wealth Management Inc. now owns 3,004 shares of the basic materials company’s stock worth $358,000 after purchasing an additional 175 shares during the last quarter. Mediolanum International Funds Ltd acquired a new position in Franco-Nevada in the 1st quarter valued at $8,340,000. Chevy Chase Trust Holdings LLC raised its holdings in Franco-Nevada by 98.1% in the 1st quarter. Chevy Chase Trust Holdings LLC now owns 614,869 shares of the basic materials company’s stock valued at $73,268,000 after acquiring an additional 304,413 shares in the last quarter. Quent Capital LLC raised its holdings in Franco-Nevada by 155.7% in the 1st quarter. Quent Capital LLC now owns 2,038 shares of the basic materials company’s stock valued at $243,000 after acquiring an additional 1,241 shares in the last quarter. Finally, Tobam raised its holdings in Franco-Nevada by 47.1% in the 1st quarter. Tobam now owns 3,517 shares of the basic materials company’s stock valued at $419,000 after acquiring an additional 1,126 shares in the last quarter. 77.06% of the stock is owned by institutional investors and hedge funds.

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.