Franco-Nevada Co. (TSE:FNV) Given Consensus Rating of “Hold” by Brokerages

Shares of Franco-Nevada Co. (TSE:FNVGet Rating) (NYSE:FNV) have been assigned an average rating of “Buy” from the fourteen analysts that are presently covering the stock, MarketBeat Ratings reports. Four research analysts have rated the stock with a hold recommendation and five have issued a buy recommendation on the company. The average 12-month target price among analysts that have updated their coverage on the stock in the last year is C$199.64.

Several analysts have issued reports on FNV shares. HC Wainwright reaffirmed a “buy” rating and issued a C$180.00 price objective on shares of Franco-Nevada in a research report on Thursday, May 5th. Eight Capital raised their price target on shares of Franco-Nevada from C$225.00 to C$240.00 and gave the stock a “buy” rating in a research report on Thursday, April 21st. Canaccord Genuity Group raised their price target on shares of Franco-Nevada from C$210.00 to C$215.00 in a research report on Friday, April 22nd. National Bankshares raised their price target on shares of Franco-Nevada from C$210.00 to C$225.00 in a research report on Wednesday, April 20th. Finally, CIBC raised their price target on shares of Franco-Nevada from C$240.00 to C$260.00 in a research report on Thursday, March 10th.

Shares of TSE:FNV opened at C$180.98 on Friday. The company has a quick ratio of 19.84, a current ratio of 21.73 and a debt-to-equity ratio of 1.63. Franco-Nevada has a 52-week low of C$158.27 and a 52-week high of C$216.32. The company has a 50 day moving average of C$192.93 and a two-hundred day moving average of C$183.56. The company has a market capitalization of C$34.65 billion and a price-to-earnings ratio of 36.85.

Franco-Nevada (TSE:FNVGet Rating) (NYSE:FNV) last issued its quarterly earnings data on Wednesday, May 4th. The company reported C$1.18 earnings per share (EPS) for the quarter, missing the consensus estimate of C$1.21 by C($0.03). The business had revenue of C$429.17 million for the quarter, compared to the consensus estimate of C$427.68 million. On average, equities analysts anticipate that Franco-Nevada will post 4.94 earnings per share for the current year.

In other Franco-Nevada news, Director David Harquail sold 28,053 shares of the firm’s stock in a transaction on Wednesday, March 23rd. The stock was sold at an average price of C$199.27, for a total value of C$5,590,171.81. Following the sale, the director now directly owns 810,841 shares in the company, valued at C$161,577,745.58. Also, Senior Officer Philip Dane Wilson sold 4,500 shares of the firm’s stock in a transaction on Tuesday, March 15th. The shares were sold at an average price of C$195.00, for a total value of C$877,500.00. Following the completion of the sale, the insider now owns 13,921 shares in the company, valued at C$2,714,595. Insiders have sold 57,553 shares of company stock worth $11,502,552 over the last 90 days.

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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