Franco-Nevada (TSE:FNV) Price Target Increased to C$240.00 by Analysts at Eight Capital

Franco-Nevada (TSE:FNV – Get Rating) (NYSE:FNV) had its target price hoisted by equities research analysts at Eight Capital from C$225.00 to C$240.00 in a note issued to investors on Thursday, BayStreet.CA reports. Eight Capital’s price objective points to a potential upside of 17.60% from the stock’s current price.

Several other analysts have also commented on FNV. National Bankshares raised their target price on Franco-Nevada from C$210.00 to C$225.00 in a report on Wednesday. Barclays reaffirmed a “hold” rating and set a C$144.00 target price on shares of Franco-Nevada in a report on Thursday, March 10th. Raymond James raised their price objective on Franco-Nevada from C$168.00 to C$174.00 and gave the company an “outperform” rating in a report on Monday, January 31st. BMO Capital Markets lowered their price target on Franco-Nevada from C$228.00 to C$227.00 in a research note on Monday. Finally, CIBC lifted their price objective on Franco-Nevada from C$240.00 to C$260.00 in a research report on Thursday, March 10th. Seven analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of C$199.21.

Franco-Nevada stock traded down C$5.79 during mid-day trading on Thursday, hitting C$204.08. The company’s stock had a trading volume of 157,881 shares, compared to its average volume of 456,359. Franco-Nevada has a one year low of C$158.27 and a one year high of C$216.32. The company has a debt-to-equity ratio of 1.63, a quick ratio of 15.26 and a current ratio of 17.39. The company has a 50 day moving average of C$198.01 and a 200-day moving average of C$181.12. The stock has a market cap of C$39.05 billion and a PE ratio of 42.29.

Franco-Nevada (TSE:FNV – Get Rating) (NYSE:FNV) last issued its quarterly earnings data on Wednesday, March 9th. The company reported C$1.08 earnings per share for the quarter, missing analysts’ consensus estimates of C$1.09 by C($0.01). The company had revenue of C$413.15 million during the quarter, compared to analysts’ expectations of C$400.86 million. On average, equities research analysts forecast that Franco-Nevada will post 4.7500003 EPS for the current fiscal year.

In other news, Senior Officer Philip Dane Wilson sold 4,500 shares of the company’s stock in a transaction dated Tuesday, March 15th. The stock was sold at an average price of C$195.00, for a total transaction of C$877,500.00. Following the completion of the transaction, the insider now directly owns 13,921 shares of the company’s stock, valued at approximately C$2,714,595. Also, Senior Officer Sandip Rana sold 5,000 shares of the business’s stock in a transaction dated Wednesday, March 30th. The shares were sold at an average price of C$201.48, for a total value of C$1,007,380.00. Following the completion of the sale, the insider now directly owns 47,215 shares of the company’s stock, valued at C$9,512,689.34. Insiders have sold a total of 57,553 shares of company stock valued at $11,502,552 over the last three months.

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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