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

Franco-Nevada (TSE:FNV) (NYSE:FNV) had its price objective raised by equities researchers at Bank of America from C$255.00 to C$290.00 in a report released on Friday,BayStreet.CA reports. Bank of America‘s price target points to a potential upside of 12.04% from the company’s current price.

A number of other research analysts also recently issued reports on the company. Canaccord Genuity Group upped their price objective on Franco-Nevada from C$262.00 to C$267.00 in a research note on Tuesday, June 10th. BMO Capital Markets upped their price target on Franco-Nevada from C$260.00 to C$261.00 in a research report on Wednesday, May 28th. Three equities research analysts have rated the stock with a Strong Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat.com, Franco-Nevada currently has a consensus rating of “Strong Buy” and an average target price of C$240.00.

Franco-Nevada Price Performance

Shares of TSE:FNV opened at C$258.83 on Friday. The company has a market capitalization of C$49.88 billion, a PE ratio of 63.59, a price-to-earnings-growth ratio of 5.00 and a beta of 0.45. The business has a fifty day moving average price of C$230.53 and a two-hundred day moving average price of C$225.15. Franco-Nevada has a 1 year low of C$157.70 and a 1 year high of C$259.61.

Insider Transactions at Franco-Nevada

In related news, Director Paul Brink sold 14,251 shares of the stock in a transaction dated Monday, June 23rd. The stock was sold at an average price of C$232.91, for a total transaction of C$3,319,153.38. Also, Director Boris De Vries sold 1,500 shares of the stock in a transaction dated Wednesday, June 4th. The stock was sold at an average price of C$241.96, for a total value of C$362,932.65. Corporate insiders own 0.69% of the company’s stock.

Franco-Nevada Company Profile

Franco-Nevada Corp is a precious-metals-focused royalty and investment company. The company owns a diversified portfolio of precious metals and royalty streams, which is actively managed to generate the bulk of its revenue from gold, silver, and platinum. The company does not operate mines, develop projects, or conduct exploration.