Franco-Nevada (TSE:FNV) Stock Price Expected to Rise, CIBC Analyst Says

Franco-Nevada (TSE:FNV) (NYSE:FNV) had its price target increased by analysts at CIBC from C$260.00 to C$280.00 in a research report issued on Thursday,BayStreet.CA reports. CIBC’s price target would suggest a potential upside of 18.18% from the company’s previous close.

Several other research firms have also recently issued reports on FNV. TD Securities cut Franco-Nevada from a “buy” rating to a “hold” rating and set a C$152.00 price target for the company. in a research note on Tuesday, March 11th. BMO Capital Markets upgraded shares of Franco-Nevada to a “strong-buy” rating in a research report on Wednesday. Finally, National Bankshares decreased their price objective on shares of 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 given a buy rating and three have given a strong buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus price target of C$201.63.

Franco-Nevada Trading Down 1.1 %

FNV opened at C$236.93 on Thursday. Franco-Nevada has a twelve month low of C$156.31 and a twelve month high of C$242.86. The stock has a market cap of C$32.15 billion, a PE ratio of -51.17, a price-to-earnings-growth ratio of 5.00 and a beta of 0.68. The business’s 50 day moving average is C$214.11 and its 200-day moving average is C$189.85.

Insider Buying and Selling

In related news, Senior Officer Sandip Rana sold 5,675 shares of the stock in a transaction dated Thursday, March 20th. The stock was sold at an average price of C$223.86, for a total value of C$1,270,422.53. Also, Senior Officer Lena Miller sold 1,700 shares of Franco-Nevada stock in a transaction dated Wednesday, March 12th. The shares were sold at an average price of C$210.37, for a total value of C$357,620.50. In the last quarter, insiders have sold 16,054 shares of company stock valued at $3,563,292. 0.69% of the stock is owned by corporate 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.