Franco-Nevada Co. (FNV.TO) - What Are Researchers Thinking About This Stock?

Key Points

• Analysts remain highly bullish: Franco-Nevada has a consensus “Strong Buy” rating from six brokerages, with an average 1-year price target of C$358.78. Stifel Nicolaus raised its target to C$410 and maintained a “buy” rating.
• Shares traded at C$341.88, down 0.8%, with a market capitalization of approximately C$65.94 billion. The stock has ranged from C$254.13 to C$388.22 over the past year.
• Insider Sandip Rana sold 5,000 shares for approximately C$1.82 million, reducing his position by 7.66%. Franco-Nevada reported quarterly revenue of C$825.33 million and EPS of C$2.57, while analysts expect full-year EPS of C$3.11.

Franco-Nevada Co. (TSE:FNV - Get Free Report) NYSE: FNV has earned a consensus recommendation of "Strong Buy" from the six brokerages that are currently covering the company, MarketBeat Ratings reports. Three investment analysts have rated the stock with a buy recommendation and three have assigned a strong buy recommendation to the company. The average 1-year target price among brokers that have updated their coverage on the stock in the last year is C$358.78.

Separately, Stifel Nicolaus increased their price target on shares of Franco-Nevada from C$390.00 to C$410.00 and gave the stock a "buy" rating in a research note on Monday.

Insider Activity

In related news, insider Sandip Rana sold 5,000 shares of the stock in a transaction on Friday, August 21st. The stock was sold at an average price of C$364.37, for a total value of C$1,821,850.00. Following the transaction, the insider directly owned 60,274 shares of the company's stock, valued at approximately C$21,962,037.38. This trade represents a 7.66% decrease in their position. 0.69% of the stock is owned by corporate insiders.

Franco-Nevada Trading Down 0.8%

FNV traded down C$2.66 during midday trading on Monday, hitting C$341.88. The company's stock had a trading volume of 64,075 shares, compared to its average volume of 376,707. Franco-Nevada has a 52-week low of C$254.13 and a 52-week high of C$388.22. The firm has a 50-day moving average price of C$354.47 and a two-hundred day moving average price of C$329.68. The firm has a market cap of C$65.94 billion, a P/E ratio of 44.69, a PEG ratio of 5.00 and a beta of 1.07.

Franco-Nevada (TSE:FNV - Get Free Report) NYSE: FNV last released its earnings results on Tuesday, August 11th. The company reported C$2.57 earnings per share (EPS) for the quarter. Franco-Nevada had a net margin of 63.83% and a return on equity of 18.95%. The business had revenue of C$825.33 million for the quarter. On average, equities analysts expect that Franco-Nevada will post 3.11 EPS for the current 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.

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