Franco-Nevada Co. (FNV.TO) – What Are Brokerages Thinking About This Stock?

Shares of Franco-Nevada Co. (TSE:FNV) (NYSE:FNV) have been assigned a consensus recommendation of “Strong Buy” from the six brokerages that are presently covering the firm, Marketbeat.com reports. Three analysts have rated the stock with a buy rating and three have given a strong buy rating to the company. The average twelve-month price target among brokers that have issued ratings on the stock in the last year is C$358.78.

Separately, Stifel Nicolaus boosted their price objective on Franco-Nevada from C$390.00 to C$410.00 and gave the stock a “buy” rating in a research note on Monday.

Insider Activity at Franco-Nevada

In related news, insider Sandip Rana sold 5,000 shares of the firm’s stock in a transaction dated Friday, August 21st. The stock was sold at an average price of C$364.37, for a total transaction of C$1,821,850.00. Following the sale, the insider directly owned 60,274 shares in the company, valued at approximately C$21,962,037.38. This trade represents a 7.66% decrease in their position. Insiders own 0.69% of the company’s stock.

Franco-Nevada Stock Down 0.8%

Shares of FNV stock traded down C$2.66 during mid-day trading on Monday, reaching C$341.88. The company’s stock had a trading volume of 64,075 shares, compared to its average volume of 376,707. The company’s 50 day simple moving average is C$354.47 and its 200-day simple moving average is C$329.68. Franco-Nevada has a 12-month low of C$254.13 and a 12-month high of C$388.22. The firm has a market capitalization of C$65.94 billion, a PE ratio of 44.69, a price-to-earnings-growth ratio of 5.00 and a beta of 1.07.

Franco-Nevada (TSE:FNV) (NYSE:FNV) last announced its quarterly earnings results on Tuesday, August 11th. The company reported C$2.57 earnings per share for the quarter. Franco-Nevada had a net margin of 63.83% and a return on equity of 18.95%. The firm had revenue of C$825.33 million during the quarter. As a group, research analysts anticipate that Franco-Nevada will post 3.11 EPS for the current fiscal year.

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.