BMO Capital Markets Forecasts Strong Price Appreciation for Franco-Nevada (TSE:FNV) Stock

Franco-Nevada (TSE:FNV) (NYSE:FNV) had its price target hoisted by stock analysts at BMO Capital Markets from C$370.00 to C$410.00 in a report issued on Wednesday,BayStreet.CA reports. BMO Capital Markets’ price objective would indicate a potential upside of 22.60% from the stock’s current price.

Several other research analysts have also weighed in on FNV. Stifel Nicolaus upped their price objective on shares of Franco-Nevada from C$340.00 to C$380.00 in a research note on Tuesday, February 10th. National Bank Financial lifted their target price on shares of Franco-Nevada from C$380.00 to C$400.00 in a research note on Thursday, March 12th. Bank of America boosted their price target on shares of Franco-Nevada from C$367.00 to C$384.00 in a report on Thursday, February 26th. Canaccord Genuity Group downgraded shares of Franco-Nevada from a “buy” rating to a “hold” rating and upped their price target for the stock from C$350.00 to C$380.00 in a research note on Monday, January 26th. Finally, Canadian Imperial Bank of Commerce increased their price objective on Franco-Nevada from C$460.00 to C$480.00 in a report on Wednesday, February 4th. Two equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of C$353.22.

Franco-Nevada Trading Down 1.0%

TSE:FNV opened at C$334.43 on Wednesday. The stock has a market cap of C$64.48 billion, a PE ratio of 58.06, a price-to-earnings-growth ratio of 5.00 and a beta of 0.96. Franco-Nevada has a fifty-two week low of C$210.19 and a fifty-two week high of C$388.22. 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 stock’s 50-day moving average is C$349.65 and its two-hundred day moving average is C$315.50.

Franco-Nevada (TSE:FNV) (NYSE:FNV) last posted its quarterly earnings results on Tuesday, March 10th. The company reported C$3.86 earnings per share (EPS) for the quarter. The business had revenue of C$795.48 million during the quarter. Franco-Nevada had a net margin of 61.07% and a return on equity of 16.25%. As a group, equities research analysts forecast that Franco-Nevada will post 3.1114111 earnings per share for the current fiscal 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.