Franco-Nevada (TSE:FNV) Price Target Raised to C$270.00

Franco-Nevada (TSE:FNV) (NYSE:FNV) had its target price raised by UBS Group from C$260.00 to C$270.00 in a report issued on Tuesday morning,BayStreet.CA reports. The brokerage currently has a buy rating on the stock.

A number of other equities analysts have also recently weighed in on FNV. Bank of America raised their price objective on Franco-Nevada from C$255.00 to C$290.00 in a report on Friday, August 29th. Canaccord Genuity Group upgraded shares of Franco-Nevada from a “hold” rating to a “buy” rating and increased their price target for the company from C$322.00 to C$350.00 in a research report on Wednesday, October 22nd. TD Securities lowered their price objective on shares of Franco-Nevada from C$247.00 to C$225.00 and set a “hold” rating for the company in a report on Wednesday, November 5th. Finally, CIBC upped their price objective on shares of Franco-Nevada from C$315.00 to C$460.00 in a research note on Friday, October 10th. One research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat, Franco-Nevada presently has a consensus rating of “Buy” and an average price target of C$292.00.

Franco-Nevada Stock Performance

TSE FNV opened at C$283.25 on Tuesday. Franco-Nevada has a 52-week low of C$165.36 and a 52-week high of C$314.53. The company has a fifty day moving average of C$281.79 and a 200-day moving average of C$254.76. The company has a market capitalization of C$54.60 billion, a P/E ratio of 59.38, a P/E/G ratio of 5.00 and a beta of 0.83.

Franco-Nevada (TSE:FNV) (NYSE:FNV) last released its quarterly earnings results on Monday, November 3rd. The company reported C$1.43 earnings per share for the quarter. Franco-Nevada had a negative return on equity of 10.83% and a negative net margin of 57.55%.The business had revenue of C$679.08 million for the quarter. As a group, analysts forecast that Franco-Nevada will post 3.1114111 EPS for the current fiscal year.

Insider Activity

In other news, insider Adrian Wong sold 500 shares of the stock in a transaction dated Wednesday, September 10th. The shares were sold at an average price of C$275.00, for a total transaction of C$137,500.00. Following the completion of the sale, the insider directly owned 9,613 shares in the company, valued at approximately C$2,643,575. This represents a 4.94% decrease in their ownership of the stock. Also, insider Sandip Rana sold 6,000 shares of the business’s stock in a transaction dated Wednesday, September 10th. The shares were sold at an average price of C$274.47, for a total value of C$1,646,844.00. Following the transaction, the insider owned 57,483 shares in the company, valued at approximately C$15,777,588.94. This represents a 9.45% decrease in their position. Over the last ninety days, insiders sold 13,000 shares of company stock valued at $3,558,344. Insiders own 0.69% of the company’s stock.

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.