Franco-Nevada (NYSE:FNV) Stock Rating Lowered by Wall Street Zen

Franco-Nevada (NYSE:FNV) (TSE:FNV) was downgraded by stock analysts at Wall Street Zen from a “buy” rating to a “hold” rating in a research report issued on Saturday.

Other analysts have also recently issued research reports about the company. Bank of America boosted their price target on Franco-Nevada from $211.00 to $220.00 and gave the stock a “neutral” rating in a research report on Thursday, October 16th. Weiss Ratings downgraded Franco-Nevada from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Wednesday, October 8th. Scotiabank upped their target price on Franco-Nevada from $184.00 to $225.00 and gave the stock a “sector perform” rating in a research report on Thursday. Canaccord Genuity Group upgraded Franco-Nevada from a “hold” rating to a “strong-buy” rating in a report on Wednesday, October 22nd. Finally, TD Securities boosted their price objective on shares of Franco-Nevada from $182.00 to $184.00 and gave the stock a “hold” rating in a research note on Tuesday, August 12th. Two equities research analysts have rated the stock with a Strong Buy rating, seven have issued a Buy rating and five have assigned a Hold rating to the company. According to MarketBeat.com, Franco-Nevada presently has an average rating of “Moderate Buy” and an average price target of $216.14.

Franco-Nevada Stock Down 0.7%

NYSE FNV opened at $190.04 on Friday. The stock has a market capitalization of $36.62 billion, a PE ratio of 46.69, a price-to-earnings-growth ratio of 1.76 and a beta of 0.42. Franco-Nevada has a 12-month low of $112.70 and a 12-month high of $225.63. The company has a 50 day moving average price of $200.86 and a two-hundred day moving average price of $178.27.

Franco-Nevada (NYSE:FNV) (TSE:FNV) last released its quarterly earnings results on Monday, August 11th. The basic materials company reported $1.24 earnings per share for the quarter, beating analysts’ consensus estimates of $1.10 by $0.14. Franco-Nevada had a net margin of 58.82% and a return on equity of 12.56%. The business had revenue of $369.40 million for the quarter, compared to the consensus estimate of $382.70 million. During the same quarter last year, the firm earned $0.75 EPS. Franco-Nevada’s revenue for the quarter was up 42.0% on a year-over-year basis. As a group, equities analysts anticipate that Franco-Nevada will post 3.09 EPS for the current year.

Institutional Trading of Franco-Nevada

Hedge funds have recently bought and sold shares of the stock. Bessemer Group Inc. increased its holdings in shares of Franco-Nevada by 1,583.3% during the 1st quarter. Bessemer Group Inc. now owns 13,130 shares of the basic materials company’s stock worth $2,067,000 after purchasing an additional 12,350 shares during the period. St. James Investment Company LLC grew its position in Franco-Nevada by 29.3% during the first quarter. St. James Investment Company LLC now owns 219,988 shares of the basic materials company’s stock worth $34,661,000 after buying an additional 49,907 shares in the last quarter. Envestnet Asset Management Inc. grew its position in Franco-Nevada by 36.1% during the first quarter. Envestnet Asset Management Inc. now owns 58,388 shares of the basic materials company’s stock worth $9,200,000 after buying an additional 15,483 shares in the last quarter. FORA Capital LLC increased its stake in Franco-Nevada by 169.8% during the first quarter. FORA Capital LLC now owns 5,342 shares of the basic materials company’s stock valued at $842,000 after acquiring an additional 3,362 shares during the period. Finally, D.A. Davidson & CO. acquired a new position in Franco-Nevada in the 1st quarter valued at approximately $265,000. 77.06% of the stock is owned by institutional investors.

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.