CIBC Issues Positive Forecast for Franco-Nevada (TSE:FNV) Stock Price

Franco-Nevada (TSE:FNV) (NYSE:FNV) had its price objective hoisted by CIBC from C$460.00 to C$480.00 in a research report sent to investors on Wednesday morning,BayStreet.CA reports.

A number of other brokerages also recently issued reports on FNV. Canaccord Genuity Group downgraded Franco-Nevada from a “buy” rating to a “hold” rating and raised their target price for the stock from C$350.00 to C$380.00 in a research note on Monday, January 26th. TD Securities cut their price objective 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. UBS Group boosted their target price on shares of Franco-Nevada from C$260.00 to C$270.00 and gave the company a “buy” rating in a report on Tuesday, December 2nd. Finally, 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 for the company in a report on Wednesday, December 10th. One equities research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and two have given a Hold rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of C$292.89.

Franco-Nevada Trading Up 0.1%

FNV opened at C$326.27 on Wednesday. Franco-Nevada has a twelve month low of C$195.93 and a twelve month high of C$368.63. The firm has a market capitalization of C$62.90 billion, a PE ratio of 68.40, a PEG ratio of 5.00 and a beta of 0.78. The firm’s 50-day moving average price is C$308.81 and its 200 day moving average price is C$281.11.

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

Insider Activity at Franco-Nevada

In other news, insider Bonavie Tek sold 115 shares of the company’s stock in a transaction that occurred on Wednesday, November 26th. The shares were 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.