Franco-Nevada (TSE:FNV) Cut to “Hold” at Canaccord Genuity Group

Canaccord Genuity Group cut shares of Franco-Nevada (TSE:FNV) (NYSE:FNV) from a buy rating to a hold rating in a research report report published on Monday, MarketBeat Ratings reports. The firm currently has C$380.00 price target on the stock, up from their prior price target of C$350.00.

FNV has been the topic of several other research reports. UBS Group increased their target price on Franco-Nevada from C$260.00 to C$270.00 and gave the company a “buy” rating in a research report on Tuesday, December 2nd. Royal Bank Of Canada upgraded Franco-Nevada from a “hold” rating to a “moderate buy” rating and set a C$250.00 price objective for the company in a research note on Wednesday, December 10th. CIBC raised their price objective on Franco-Nevada from C$315.00 to C$460.00 in a research report on Friday, October 10th. Finally, TD Securities reduced their target price 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. One equities research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of C$290.67.

Franco-Nevada Stock Performance

TSE:FNV opened at C$363.32 on Monday. The firm has a 50-day simple moving average of C$303.84 and a 200-day simple moving average of C$277.11. Franco-Nevada has a one year low of C$187.77 and a one year high of C$365.52. The firm has a market cap of C$70.04 billion, a P/E ratio of 76.17, a P/E/G ratio of 5.00 and a beta of 0.70.

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

Insider Buying and Selling

In other Franco-Nevada news, insider Bonavie Tek sold 115 shares of the stock in a transaction dated Wednesday, November 26th. The stock was sold at an average price of C$290.52, for a total value of C$33,409.80. Company insiders own 0.69% of the company’s stock.

About Franco-Nevada

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.