Franco-Nevada (TSE:FNV) Price Target Raised to C$384.00

Franco-Nevada (TSE:FNV) (NYSE:FNV) had its price objective upped by Bank of America from C$367.00 to C$384.00 in a research note released on Thursday,BayStreet.CA reports.

A number of other research analysts have also weighed in on FNV. TD Securities cut their target price 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. Royal Bank Of Canada upgraded Franco-Nevada from a “hold” rating to a “moderate buy” rating and set a C$250.00 price objective on the stock in a research note on Wednesday, December 10th. Stifel Nicolaus upped their price objective on Franco-Nevada from C$340.00 to C$380.00 in a report on Tuesday, February 10th. Canadian Imperial Bank of Commerce raised their price target on Franco-Nevada from C$460.00 to C$480.00 in a research report on Wednesday, February 4th. Finally, UBS Group upped their price objective on shares of Franco-Nevada from C$260.00 to C$270.00 and gave the company a “buy” rating in a research report on Tuesday, December 2nd. One investment analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of C$316.11.

Franco-Nevada Stock Down 0.7%

Shares of FNV opened at C$381.24 on Thursday. The firm has a market cap of C$73.49 billion, a price-to-earnings ratio of 79.92, a price-to-earnings-growth ratio of 5.00 and a beta of 0.78. Franco-Nevada has a 12 month low of C$199.61 and a 12 month high of C$388.22. The company’s fifty day moving average is C$330.10 and its 200-day moving average is C$295.76.

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.