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

Franco-Nevada (TSE:FNV) (NYSE:FNV) had its target price raised by Stifel Nicolaus from C$340.00 to C$380.00 in a report issued on Tuesday morning,BayStreet.CA reports.

FNV has been the topic of several other research reports. UBS Group lifted their price objective on Franco-Nevada from C$260.00 to C$270.00 and gave the stock a “buy” rating in a report on Tuesday, December 2nd. Canaccord Genuity Group downgraded shares of Franco-Nevada from a “buy” rating to a “hold” rating and lifted their price target for the stock from C$350.00 to C$380.00 in a research note on Monday, January 26th. Canadian Imperial Bank of Commerce boosted their price target on shares of Franco-Nevada from C$460.00 to C$480.00 in a report on Wednesday, February 4th. Royal Bank Of Canada raised shares of Franco-Nevada from a “hold” rating to a “moderate buy” rating and set a C$250.00 price objective for the company in a report on Wednesday, December 10th. Finally, TD Securities lowered their target price on shares of Franco-Nevada from C$247.00 to C$225.00 and set a “hold” rating on the stock in a research note on Wednesday, November 5th. One research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of C$305.67.

Franco-Nevada Stock Performance

TSE:FNV opened at C$345.76 on Tuesday. The firm’s 50-day moving average is C$311.81 and its 200-day moving average is C$284.57. The company has a market cap of C$66.65 billion, a price-to-earnings ratio of 72.49, a PEG ratio of 5.00 and a beta of 0.78. Franco-Nevada has a 52-week low of C$195.93 and a 52-week high of C$368.63.

Franco-Nevada (TSE:FNV) (NYSE:FNV) last released 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. Equities analysts predict that Franco-Nevada will post 3.1114111 EPS for the current year.

Insider Activity

In related news, insider Bonavie Tek sold 115 shares of Franco-Nevada stock in a transaction dated Wednesday, November 26th. The shares were sold at an average price of C$290.52, for a total transaction of C$33,409.80. 0.69% of the stock is owned by company insiders.

About Franco-Nevada

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.