KeyCorp Increases Franco-Nevada (NYSE:FNV) Price Target to $180.00

Franco-Nevada (NYSE:FNVGet Rating) (TSE:FNV) had its price objective raised by equities researchers at KeyCorp from $150.00 to $180.00 in a note issued to investors on Tuesday, Benzinga reports. The firm currently has an “overweight” rating on the basic materials company’s stock. KeyCorp’s price target would indicate a potential upside of 7.93% from the stock’s current price.

FNV has been the topic of several other reports. Raymond James set a $174.00 price objective on Franco-Nevada and gave the stock an “outperform” rating in a research note on Friday, March 11th. Canaccord Genuity Group downgraded shares of Franco-Nevada from a “buy” rating to a “hold” rating in a research report on Tuesday, April 5th. StockNews.com started coverage on shares of Franco-Nevada in a research report on Thursday, March 31st. They set a “hold” rating on the stock. National Bank Financial lifted their price target on shares of Franco-Nevada from C$195.00 to C$210.00 in a research note on Friday, March 11th. Finally, Zacks Investment Research raised shares of Franco-Nevada from a “hold” rating to a “buy” rating and set a $143.00 price objective for the company in a research report on Tuesday, January 4th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $180.33.

Shares of NYSE FNV opened at $166.78 on Tuesday. The firm’s 50 day moving average price is $154.79 and its 200 day moving average price is $142.89. The firm has a market cap of $31.91 billion, a P/E ratio of 43.32, a price-to-earnings-growth ratio of 12.09 and a beta of 0.65. Franco-Nevada has a 1 year low of $124.95 and a 1 year high of $169.32.

Franco-Nevada (NYSE:FNVGet Rating) (TSE:FNV) last posted its quarterly earnings data on Wednesday, March 9th. The basic materials company reported $0.86 EPS for the quarter, meeting the Zacks’ consensus estimate of $0.86. Franco-Nevada had a net margin of 56.44% and a return on equity of 11.57%. The company had revenue of $327.70 million during the quarter, compared to the consensus estimate of $317.51 million. During the same quarter in the prior year, the company posted $0.85 EPS. The company’s quarterly revenue was up 7.6% compared to the same quarter last year. Analysts anticipate that Franco-Nevada will post 3.45 EPS for the current fiscal year.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. US Bancorp DE lifted its holdings in shares of Franco-Nevada by 0.3% during the 3rd quarter. US Bancorp DE now owns 23,237 shares of the basic materials company’s stock worth $3,020,000 after acquiring an additional 75 shares during the period. CLARET ASSET MANAGEMENT Corp lifted its stake in Franco-Nevada by 3.6% during the first quarter. CLARET ASSET MANAGEMENT Corp now owns 2,165 shares of the basic materials company’s stock worth $345,000 after purchasing an additional 75 shares during the period. Candriam Luxembourg S.C.A. boosted its holdings in Franco-Nevada by 1.7% during the third quarter. Candriam Luxembourg S.C.A. now owns 5,132 shares of the basic materials company’s stock valued at $667,000 after purchasing an additional 87 shares in the last quarter. Flagship Harbor Advisors LLC grew its stake in shares of Franco-Nevada by 3.9% in the 4th quarter. Flagship Harbor Advisors LLC now owns 2,584 shares of the basic materials company’s stock valued at $357,000 after purchasing an additional 96 shares during the period. Finally, Geneos Wealth Management Inc. raised its holdings in shares of Franco-Nevada by 2.5% in the 3rd quarter. Geneos Wealth Management Inc. now owns 4,066 shares of the basic materials company’s stock worth $518,000 after buying an additional 100 shares in the last quarter. Institutional investors and hedge funds own 76.95% of the company’s stock.

About Franco-Nevada (Get Rating)

Franco-Nevada Corporation operates as a gold-focused royalty and streaming company in Latin America, the United States, Canada, and internationally. It operates in two segments, Mining and Energy. The company manages its portfolio with a focus on precious metals, such as gold, silver, and platinum group metals; and energy comprising oil, gas, and natural gas liquids.

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