Franco-Nevada (TSE:FNV) Upgraded to “Strong-Buy” at TD Securities

TD Securities upgraded shares of Franco-Nevada (TSE:FNV) (NYSE:FNV) from a hold rating to a strong-buy rating in a report released on Wednesday morning,Zacks.com reports.

Several other research firms have also commented on FNV. Stifel Nicolaus increased their target price on Franco-Nevada from C$340.00 to C$380.00 in a report on Tuesday, February 10th. Bank of America increased their target price on Franco-Nevada from C$367.00 to C$384.00 in a report on Thursday, February 26th. Canadian Imperial Bank of Commerce increased their target price on Franco-Nevada from C$460.00 to C$480.00 in a report on Wednesday, February 4th. Canaccord Genuity Group raised Franco-Nevada from a “hold” rating to a “strong-buy” rating in a report on Wednesday, April 29th. Finally, National Bank Financial raised Franco-Nevada from a “hold” rating to a “strong-buy” rating and increased their target price for the company from C$410.00 to C$420.00 in a report on Wednesday, May 13th. Three analysts have rated the stock with a Strong Buy rating and two have assigned a Buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Strong Buy” and an average price target of C$355.44.

Franco-Nevada Trading Up 1.1%

Franco-Nevada stock opened at C$309.61 on Wednesday. Franco-Nevada has a twelve month low of C$210.19 and a twelve month high of C$388.22. The stock’s fifty day simple moving average is C$335.25 and its 200-day simple moving average is C$320.37. The firm has a market capitalization of C$59.71 billion, a P/E ratio of 43.61, a P/E/G ratio of 5.00 and a beta of 0.97.

Franco-Nevada (TSE:FNV) (NYSE:FNV) last posted its quarterly earnings data on Tuesday, May 12th. The company reported C$3.31 earnings per share for the quarter. The business had revenue of C$904.67 million for the quarter. Franco-Nevada had a return on equity of 18.67% and a net margin of 65.14%. Sell-side analysts predict that Franco-Nevada will post 3.1114111 earnings per share for the current year.

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. 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.