Franco-Nevada Co. (NYSE:FNV) Given Consensus Recommendation of "Moderate Buy" by Analysts

Shares of Franco-Nevada Co. (NYSE:FNV - Get Free Report) TSE: FNV have been assigned a consensus rating of "Moderate Buy" from the thirteen brokerages that are covering the firm, MarketBeat Ratings reports. Six investment analysts have rated the stock with a hold rating and seven have issued a buy rating on the company. The average 1 year target price among brokers that have covered the stock in the last year is $162.25.

Several equities analysts have recently commented on the stock. Scotiabank boosted their target price on shares of Franco-Nevada from $150.00 to $165.00 and gave the company a "sector perform" rating in a research report on Monday, April 14th. TD Securities lowered Franco-Nevada from a "buy" rating to a "hold" rating and set a $152.00 price objective on the stock. in a research note on Tuesday, March 11th. National Bankshares reissued a "sector perform" rating on shares of Franco-Nevada in a report on Wednesday, April 23rd. Raymond James upped their price objective on shares of Franco-Nevada from $162.00 to $181.00 and gave the stock an "outperform" rating in a research report on Friday, April 4th. Finally, BMO Capital Markets initiated coverage on shares of Franco-Nevada in a research report on Wednesday, April 16th. They issued an "outperform" rating on the stock.

Institutional Trading of Franco-Nevada

Several large investors have recently made changes to their positions in the company. Essex Financial Services Inc. increased its holdings in Franco-Nevada by 2.2% during the 4th quarter. Essex Financial Services Inc. now owns 3,892 shares of the basic materials company's stock worth $458,000 after purchasing an additional 84 shares in the last quarter. Confluence Investment Management LLC raised its holdings in shares of Franco-Nevada by 1.5% in the 1st quarter. Confluence Investment Management LLC now owns 5,874 shares of the basic materials company's stock worth $926,000 after purchasing an additional 84 shares during the period. Harbour Investments Inc. grew its holdings in Franco-Nevada by 25.8% during the fourth quarter. Harbour Investments Inc. now owns 453 shares of the basic materials company's stock valued at $53,000 after purchasing an additional 93 shares during the period. Mutual Advisors LLC increased its position in Franco-Nevada by 4.0% in the fourth quarter. Mutual Advisors LLC now owns 2,477 shares of the basic materials company's stock worth $309,000 after buying an additional 96 shares during the last quarter. Finally, Sustainable Insight Capital Management LLC raised its stake in shares of Franco-Nevada by 2.7% in the fourth quarter. Sustainable Insight Capital Management LLC now owns 3,755 shares of the basic materials company's stock valued at $441,000 after buying an additional 100 shares during the period. 77.06% of the stock is currently owned by institutional investors and hedge funds.

Franco-Nevada Stock Performance

FNV traded up $2.53 during trading on Friday, reaching $171.47. 340,633 shares of the stock were exchanged, compared to its average volume of 706,395. Franco-Nevada has a twelve month low of $112.70 and a twelve month high of $178.74. The stock has a market cap of $33.02 billion, a P/E ratio of -54.26, a price-to-earnings-growth ratio of 9.78 and a beta of 0.68. The stock's 50 day moving average price is $154.62 and its two-hundred day moving average price is $136.70.

Franco-Nevada (NYSE:FNV - Get Free Report) TSE: FNV last posted its earnings results on Monday, March 10th. The basic materials company reported $0.95 EPS for the quarter, beating the consensus estimate of $0.90 by $0.05. The company had revenue of $321.00 million for the quarter, compared to the consensus estimate of $304.33 million. Franco-Nevada had a positive return on equity of 10.55% and a negative net margin of 55.28%. The firm's revenue for the quarter was up 5.8% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.90 earnings per share. Equities research analysts predict that Franco-Nevada will post 3.09 earnings per share for the current fiscal year.

About Franco-Nevada

Franco-Nevada Corporation operates as a gold-focused royalty and streaming company in South America, Central America, Mexico, the United States, Canada, and internationally. It operates through Mining and Energy segments. The company manages its portfolio with a focus on precious metals, such as gold, silver, and platinum group metals; and engages in the sale of crude oil, natural gas, and natural gas liquids through a third-party marketing agent.