National Bank Financial Issues Positive Forecast for Franco-Nevada (TSE:FNV) Stock Price

Franco-Nevada (TSE:FNV) (NYSE:FNV) had its target price hoisted by National Bank Financial from C$380.00 to C$400.00 in a research note issued to investors on Thursday morning,BayStreet.CA reports.

A number of other analysts have also issued reports on the stock. 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 research note on Tuesday, December 2nd. 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 objective for the company in a report on Wednesday, December 10th. Canaccord Genuity Group downgraded shares of Franco-Nevada from a “buy” rating to a “hold” rating and upped their target price for the stock from C$350.00 to C$380.00 in a research note on Monday, January 26th. Stifel Nicolaus raised their target price on shares of Franco-Nevada from C$340.00 to C$380.00 in a research report on Tuesday, February 10th. Finally, Canadian Imperial Bank of Commerce lifted their price target on shares of Franco-Nevada from C$460.00 to C$480.00 in a research note on Wednesday, February 4th. One research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of C$336.67.

Franco-Nevada Stock Down 0.5%

Shares of TSE FNV opened at C$358.81 on Thursday. The company has a debt-to-equity ratio of 0.11, a current ratio of 8.30 and a quick ratio of 23.26. The company has a market cap of C$69.17 billion, a P/E ratio of 75.22, a PEG ratio of 5.00 and a beta of 0.81. Franco-Nevada has a 1 year low of C$199.61 and a 1 year high of C$388.22. The firm has a 50-day simple moving average of C$342.42 and a two-hundred day simple moving average of C$302.42.

Franco-Nevada (TSE:FNV) (NYSE:FNV) last released its earnings results on Tuesday, March 10th. The company reported C$3.86 EPS for the quarter. Franco-Nevada had a return on equity of 16.25% and a net margin of 61.07%.The firm had revenue of C$819.83 million for the quarter. Research analysts anticipate that Franco-Nevada will post 3.1114111 earnings per share for the current year.

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.