Franco-Nevada (TSE:FNV) PT Raised to C$151.00 at Raymond James

Franco-Nevada (TSE:FNV) (NYSE:FNV) had its target price upped by research analysts at Raymond James from C$150.00 to C$151.00 in a research note issued on Friday, BayStreet.CA reports. The brokerage presently has an “outperform” rating on the stock. Raymond James’ price objective would suggest a potential downside of 10.42% from the company’s current price.

Other equities analysts also recently issued research reports about the company. Scotiabank cut their target price on Franco-Nevada from C$141.00 to C$139.00 and set a “sector perform” rating for the company in a research report on Thursday, March 7th. Veritas Investment Research lifted their price objective on Franco-Nevada from C$149.00 to C$173.00 in a report on Friday, April 12th. BMO Capital Markets lowered their target price on shares of Franco-Nevada from C$207.00 to C$205.00 in a report on Thursday. Canaccord Genuity Group lifted their price target on shares of Franco-Nevada from C$168.00 to C$177.00 in a report on Tuesday, April 23rd. Finally, Stifel Nicolaus upped their price objective on shares of Franco-Nevada from C$182.00 to C$196.00 and gave the stock a “buy” rating in a research note on Friday, April 19th. Three investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of C$191.50.

Franco-Nevada Trading Up 1.9 %

Shares of FNV stock opened at C$168.57 on Friday. The company has a debt-to-equity ratio of 1.63, a quick ratio of 23.26 and a current ratio of 29.40. The firm has a fifty day moving average of C$158.87 and a 200-day moving average of C$156.39. Franco-Nevada has a 52-week low of C$139.19 and a 52-week high of C$215.24. The stock has a market cap of C$32.42 billion, a price-to-earnings ratio of -49.00, a P/E/G ratio of 5.00 and a beta of 0.63.

Franco-Nevada (TSE:FNV) (NYSE:FNV) last announced its quarterly earnings results on Tuesday, March 5th. The company reported C$1.23 EPS for the quarter, topping analysts’ consensus estimates of C$1.07 by C$0.16. The firm had revenue of C$412.95 million during the quarter. Franco-Nevada had a negative net margin of 39.96% and a negative return on equity of 7.75%. On average, equities research analysts forecast that Franco-Nevada will post 4.5510259 earnings per share for the current fiscal year.

Insider Activity

In other Franco-Nevada news, Senior Officer Sandip Rana sold 10,749 shares of the stock in a transaction on Thursday, March 21st. The stock was sold at an average price of C$160.29, for a total value of C$1,722,952.91. In other Franco-Nevada news, Senior Officer Sandip Rana sold 10,749 shares of the business’s stock in a transaction dated Thursday, March 21st. The stock was sold at an average price of C$160.29, for a total transaction of C$1,722,952.91. Also, Director Paul Brink sold 3,445 shares of the company’s stock in a transaction dated Thursday, March 21st. The shares were sold at an average price of C$158.93, for a total transaction of C$547,513.85. Insiders have sold 16,839 shares of company stock valued at $2,686,396 over the last three months. 0.69% of the stock is owned by insiders.

About Franco-Nevada

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.