BMO Capital Markets Upgrades Franco-Nevada (TSE:FNV) to Strong-Buy

Franco-Nevada (TSE:FNV) (NYSE:FNV) was upgraded by investment analysts at BMO Capital Markets to a “strong-buy” rating in a research report issued to clients and investors on Wednesday,Zacks.com reports.

FNV has been the topic of several other reports. TD Securities downgraded Franco-Nevada from a “buy” rating to a “hold” rating and set a C$152.00 price target on the stock. in a research report on Tuesday, March 11th. National Bankshares lowered their target price on Franco-Nevada from C$220.00 to C$215.00 in a report on Tuesday, March 11th. Two equities research analysts have rated the stock with a hold rating, three have assigned a buy rating and three have given a strong buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Buy” and a consensus target price of C$201.63.

Franco-Nevada Trading Down 1.1 %

TSE FNV opened at C$236.93 on Wednesday. Franco-Nevada has a 1 year low of C$156.31 and a 1 year high of C$242.86. The company has a fifty day simple moving average of C$213.45 and a 200 day simple moving average of C$189.40. The company has a market cap of C$32.15 billion, a P/E ratio of -51.17, a P/E/G ratio of 5.00 and a beta of 0.68.

Insiders Place Their Bets

In related news, Director Paul Brink sold 5,448 shares of the stock in a transaction dated Tuesday, March 25th. The shares were sold at an average price of C$223.81, for a total value of C$1,219,335.40. Also, Director Boris De Vries sold 500 shares of the firm’s stock in a transaction dated Thursday, March 13th. The stock was sold at an average price of C$217.08, for a total transaction of C$108,540.35. In the last quarter, insiders sold 16,054 shares of company stock worth $3,563,292. 0.69% of the stock is currently owned by company insiders.

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.