Franco-Nevada (TSE:FNV) Price Target Raised to C$270.00 at UBS Group

Franco-Nevada (TSE:FNV) (NYSE:FNV) had its price target raised by UBS Group from C$260.00 to C$270.00 in a research report sent to investors on Tuesday,BayStreet.CA reports. UBS Group currently has a buy rating on the stock.

FNV has been the subject of several other research reports. TD Securities reduced their price target on shares of Franco-Nevada from C$247.00 to C$225.00 and set a “hold” rating for the company in a research report on Wednesday, November 5th. Bank of America boosted their target price on shares of Franco-Nevada from C$255.00 to C$290.00 in a research report on Friday, August 29th. Canaccord Genuity Group upgraded shares of Franco-Nevada from a “hold” rating to a “buy” rating and increased their price target for the stock from C$322.00 to C$350.00 in a research report on Wednesday, October 22nd. Finally, CIBC lifted their price target on shares of Franco-Nevada from C$315.00 to C$460.00 in a research note on Friday, October 10th. One analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat.com, Franco-Nevada currently has an average rating of “Buy” and a consensus target price of C$292.00.

Franco-Nevada Trading Down 2.0%

Shares of FNV opened at C$284.14 on Tuesday. The firm has a fifty day simple moving average of C$282.26 and a two-hundred day simple moving average of C$254.36. The firm has a market cap of C$54.78 billion, a PE ratio of 59.57, a P/E/G ratio of 5.00 and a beta of 0.83. Franco-Nevada has a 1-year low of C$165.36 and a 1-year high of C$314.53.

Franco-Nevada (TSE:FNV) (NYSE:FNV) last issued its quarterly earnings data on Monday, November 3rd. The company reported C$1.43 EPS for the quarter. Franco-Nevada had a negative return on equity of 10.83% and a negative net margin of 57.55%.The company had revenue of C$679.08 million during the quarter. As a group, research analysts forecast that Franco-Nevada will post 3.1114111 EPS for the current fiscal year.

Insider Activity

In related news, insider Christian Thatcher sold 6,000 shares of the company’s stock in a transaction on Monday, September 8th. The shares were sold at an average price of C$273.00, for a total transaction of C$1,638,000.00. Also, insider Sandip Rana sold 6,000 shares of the stock in a transaction on Wednesday, September 10th. The shares were sold at an average price of C$274.47, for a total transaction of C$1,646,844.00. Following the transaction, the insider owned 57,483 shares of the company’s stock, valued at C$15,777,588.94. This trade represents a 9.45% decrease in their position. In the last ninety days, insiders sold 13,000 shares of company stock worth $3,558,344. 0.69% of the stock is currently owned by insiders.

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.