Equities research analysts at StockNews.com began coverage on shares of Franco-Nevada (NYSE:FNV – Get Rating) (TSE:FNV) in a report issued on Thursday. The brokerage set a “hold” rating on the basic materials company’s stock.
FNV has been the subject of a number of other reports. Stifel Nicolaus cut Franco-Nevada from a “buy” rating to a “hold” rating in a report on Friday, January 20th. Barclays lifted their target price on Franco-Nevada from $111.00 to $115.00 and gave the company an “underweight” rating in a research note on Monday, January 30th. National Bank Financial lifted their target price on Franco-Nevada from C$190.00 to C$200.00 in a research note on Friday, January 13th. CIBC lifted their target price on Franco-Nevada from C$230.00 to C$240.00 in a research note on Tuesday, February 7th. Finally, Raymond James lowered their target price on Franco-Nevada from $167.00 to $158.00 and set an “outperform” rating for the company in a research note on Friday, February 24th. One analyst has rated the stock with a sell rating, five have given a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $166.57.
Franco-Nevada Price Performance
FNV stock opened at $135.49 on Thursday. The business has a fifty day moving average price of $138.58 and a 200 day moving average price of $132.40. Franco-Nevada has a fifty-two week low of $109.70 and a fifty-two week high of $169.32. The stock has a market capitalization of $26.00 billion, a price-to-earnings ratio of 34.30, a P/E/G ratio of 9.42 and a beta of 0.69.
Institutional Inflows and Outflows
Franco-Nevada Company Profile
Franco-Nevada Corp. engages in the management of gold-focused royalties and streams portfolio. It provides investors with gold price and exploration optionality while limiting exposure to many of the risks of operating companies. The company was founded in 1983 and is headquartered in Toronto, Canada.
- Get a free copy of the StockNews.com research report on Franco-Nevada (FNV)
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