Stifel Nicolaus Forecasts Strong Price Appreciation for Franco-Nevada (TSE:FNV) Stock

Franco-Nevada (TSE:FNV) (NYSE:FNV) had its price objective raised by equities research analysts at Stifel Nicolaus from C$380.00 to C$390.00 in a research report issued on Friday,BayStreet.CA reports. Stifel Nicolaus’ target price suggests a potential upside of 38.64% from the stock’s previous close.

Other equities analysts also recently issued research reports about the company. BMO Capital Markets raised their target price on Franco-Nevada from C$370.00 to C$410.00 in a research report on Wednesday, April 22nd. TD Securities raised Franco-Nevada from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, May 20th. National Bank Financial upgraded Franco-Nevada from a “hold” rating to a “strong-buy” rating and raised their price objective for the company from C$410.00 to C$420.00 in a report on Wednesday, May 13th. Finally, Canaccord Genuity Group raised shares of Franco-Nevada from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, April 29th. Three investment analysts have rated the stock with a Strong Buy rating and two have given a Buy rating to the company. According to MarketBeat, the company has a consensus rating of “Strong Buy” and an average target price of C$356.56.

Franco-Nevada Trading Up 1.0%

Shares of Franco-Nevada stock opened at C$281.30 on Friday. The firm has a market capitalization of C$54.25 billion, a PE ratio of 39.62, a P/E/G ratio of 5.00 and a beta of 0.96. Franco-Nevada has a twelve month low of C$211.53 and a twelve month high of C$388.22. The firm’s 50-day moving average price is C$305.84 and its 200 day moving average price is C$326.54.

Franco-Nevada (TSE:FNV) (NYSE:FNV) last posted its quarterly earnings data on Tuesday, May 12th. The company reported C$3.31 earnings per share (EPS) for the quarter. Franco-Nevada had a return on equity of 18.67% and a net margin of 65.14%.The company had revenue of C$904.66 million for the quarter. On average, sell-side analysts predict that Franco-Nevada will post 3.1114111 EPS for the current fiscal year.

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.