Franco-Nevada (TSE:FNV) Price Target Increased to C$196.00 by Analysts at Stifel Nicolaus

Franco-Nevada (TSE:FNV) (NYSE:FNV) had its price target raised by stock analysts at Stifel Nicolaus from C$182.00 to C$196.00 in a report released on Friday, BayStreet.CA reports. The brokerage presently has a “buy” rating on the stock. Stifel Nicolaus’ price target indicates a potential upside of 17.37% from the stock’s current price.

A number of other brokerages have also weighed in on FNV. Raymond James reduced their target price on shares of Franco-Nevada from C$146.00 to C$138.00 and set an “outperform” rating for the company in a research note on Thursday, March 7th. BMO Capital Markets reduced their target price on shares of Franco-Nevada from C$200.00 to C$195.00 in a research note on Wednesday, March 6th. Scotiabank reduced their target price on shares of Franco-Nevada from C$141.00 to C$139.00 and set a “sector perform” rating for the company in a research note on Thursday, March 7th. Bank of America upped their target price on shares of Franco-Nevada from C$186.00 to C$190.00 in a research note on Tuesday, April 9th. Finally, Veritas Investment Research upped their target price on shares of Franco-Nevada from C$149.00 to C$173.00 in a research note on Friday, April 12th. Three analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat.com, Franco-Nevada currently has a consensus rating of “Moderate Buy” and a consensus target price of C$185.27.

Franco-Nevada Price Performance

Shares of FNV stock opened at C$167.00 on Friday. Franco-Nevada has a 12-month low of C$139.19 and a 12-month high of C$217.70. The firm has a market capitalization of C$32.09 billion, a price-to-earnings ratio of -50.15, a price-to-earnings-growth ratio of 5.00 and a beta of 0.63. The company has a quick ratio of 23.26, a current ratio of 41.21 and a debt-to-equity ratio of 1.63. The firm has a fifty day moving average of C$154.87 and a 200-day moving average of C$157.41.

Franco-Nevada (TSE:FNV) (NYSE:FNV) last announced its quarterly earnings results on Tuesday, March 5th. The company reported C$1.23 earnings per share (EPS) for the quarter, beating the consensus estimate of C$1.07 by C$0.16. The company had revenue of C$412.95 million during the quarter. Franco-Nevada had a negative net margin of 38.33% and a negative return on equity of 7.65%. On average, equities research analysts forecast that Franco-Nevada will post 4.2780116 earnings per share for the current year.

Insider Transactions at Franco-Nevada

In other news, Senior Officer Sandip Rana sold 10,749 shares of the stock in a transaction dated Thursday, March 21st. The shares were sold at an average price of C$160.29, for a total transaction of C$1,722,952.91. In related news, Senior Officer Eaun Harrison Gray sold 330 shares of the firm’s stock in a transaction dated Monday, March 25th. The shares were sold at an average price of C$156.69, for a total value of C$51,707.70. Also, Senior Officer Sandip Rana sold 10,749 shares of the firm’s stock in a transaction dated Thursday, March 21st. The shares were sold at an average price of C$160.29, for a total transaction of C$1,722,952.91. Insiders sold a total of 16,839 shares of company stock worth $2,686,396 in the last three months. Insiders own 0.69% of the company’s stock.

Franco-Nevada Company Profile

Franco-Nevada Corporation operates as a gold-focused royalty and streaming company in South America, Central America, Mexico, the United States, Canada, and internationally. It operates through Mining and Energy segments. The company manages its portfolio with a focus on precious metals, such as gold, silver, and platinum group metals; and engages in the sale of crude oil, natural gas, and natural gas liquids through a third-party marketing agent.