Franco-Nevada (TSE:FNV) Downgraded by Canaccord Genuity Group to Hold

Canaccord Genuity Group cut shares of Franco-Nevada (TSE:FNV) (NYSE:FNV) from a buy rating to a hold rating in a research note issued to investors on Monday,BayStreet.CA reports. Canaccord Genuity Group currently has C$380.00 target price on the stock, up from their previous target price of C$350.00.

Several other analysts have also weighed in on FNV. CIBC upped their price objective on Franco-Nevada from C$315.00 to C$460.00 in a report on Friday, October 10th. Royal Bank Of Canada upgraded shares of Franco-Nevada from a “hold” rating to a “moderate buy” rating and set a C$250.00 price target on the stock in a research report on Wednesday, December 10th. TD Securities cut 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 report on Wednesday, November 5th. Finally, UBS Group lifted their price objective on shares of Franco-Nevada from C$260.00 to C$270.00 and gave the stock a “buy” rating in a research note on Tuesday, December 2nd. One equities research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of C$290.67.

Franco-Nevada Price Performance

Franco-Nevada stock opened at C$355.71 on Monday. Franco-Nevada has a 12-month low of C$183.22 and a 12-month high of C$365.52. The stock has a market capitalization of C$68.57 billion, a PE ratio of 74.57, a price-to-earnings-growth ratio of 5.00 and a beta of 0.70. The firm has a 50 day simple moving average of C$300.44 and a 200-day simple moving average of C$275.54.

Franco-Nevada (TSE:FNV) (NYSE:FNV) last announced its earnings results on Monday, November 3rd. The company reported C$1.43 EPS for the quarter. The firm had revenue of C$679.08 million for the quarter. Franco-Nevada had a negative return on equity of 10.83% and a negative net margin of 57.55%. On average, analysts forecast that Franco-Nevada will post 3.1114111 earnings per share for the current fiscal year.

Insider Transactions at Franco-Nevada

In related news, insider Bonavie Tek sold 115 shares of the company’s stock in a transaction dated Wednesday, November 26th. The stock was sold at an average price of C$290.52, for a total value of C$33,409.80. 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. Franco-Nevada’s short-term financial performance is linked to the price of commodities and the amount of production from its portfolio of producing assets. Its long-term performance is affected by the availability of exploration and development capital.