Franco-Nevada Corporation (NYSE:FNV) Given Consensus Rating of "Moderate Buy" by Analysts

Key Points

• Analysts give Franco‑Nevada a consensus rating of Moderate Buy from 14 firms (8 buy, 6 hold) with an average 12‑month target of $257.25, and recent broker targets range as high as $310 (UBS).
• In its most recent quarter Franco‑Nevada reported EPS of $1.85 (vs. $1.67 est.) and revenue of $597.3M (vs. $542.0M), with revenue up 86.1% year‑over‑year, beating expectations on both metrics.
• Institutional investors own about 77.06% of the stock; the company has a $43.43B market cap, a PE of 39.09, and a 12‑month trading range of $152.89–$285.67.

Shares of Franco-Nevada Corporation (NYSE:FNV - Get Free Report) TSE: FNV have been given an average rating of "Moderate Buy" by the fourteen ratings firms that are presently covering the firm, Marketbeat.com reports. Six research analysts have rated the stock with a hold rating and eight have issued a buy rating on the company. The average 12-month target price among brokers that have issued ratings on the stock in the last year is $257.25.

Several brokerages recently commented on FNV. UBS Group restated a "buy" rating and set a $310.00 target price on shares of Franco-Nevada in a report on Friday, January 30th. Scotiabank increased their price objective on shares of Franco-Nevada from $283.00 to $286.00 and gave the stock a "sector perform" rating in a research note on Monday, March 16th. Canadian Imperial Bank of Commerce restated an "outperform" rating on shares of Franco-Nevada in a report on Wednesday, February 4th. Zacks Research downgraded Franco-Nevada from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, March 31st. Finally, Canaccord Genuity Group upgraded Franco-Nevada from a "hold" rating to a "buy" rating in a report on Wednesday, April 29th.

Institutional Investors Weigh In On Franco-Nevada

Institutional investors and hedge funds have recently made changes to their positions in the stock. GAMMA Investing LLC raised its holdings in shares of Franco-Nevada by 112.3% in the 4th quarter. GAMMA Investing LLC now owns 121 shares of the basic materials company's stock valued at $25,000 after purchasing an additional 64 shares during the period. Transamerica Financial Advisors LLC acquired a new position in Franco-Nevada during the fourth quarter worth approximately $25,000. Burkett Financial Services LLC bought a new stake in Franco-Nevada in the third quarter valued at approximately $28,000. Private Trust Co. NA acquired a new stake in shares of Franco-Nevada in the fourth quarter valued at approximately $29,000. Finally, Smartleaf Asset Management LLC boosted its stake in shares of Franco-Nevada by 600.0% during the 2nd quarter. Smartleaf Asset Management LLC now owns 196 shares of the basic materials company's stock worth $32,000 after acquiring an additional 168 shares during the period. Institutional investors own 77.06% of the company's stock.

Franco-Nevada Stock Up 0.5%

Franco-Nevada stock opened at $225.17 on Wednesday. The stock has a market capitalization of $43.43 billion, a PE ratio of 39.09, a price-to-earnings-growth ratio of 2.17 and a beta of 0.34. Franco-Nevada has a twelve month low of $152.89 and a twelve month high of $285.67. The company has a 50 day moving average of $252.15 and a 200-day moving average of $229.63.

Franco-Nevada (NYSE:FNV - Get Free Report) TSE: FNV last posted its quarterly earnings data on Tuesday, March 10th. The basic materials company reported $1.85 EPS for the quarter, beating the consensus estimate of $1.67 by $0.18. Franco-Nevada had a net margin of 61.01% and a return on equity of 15.62%. The business had revenue of $597.30 million for the quarter, compared to analysts' expectations of $542.02 million. During the same period in the previous year, the firm posted $0.95 EPS. The firm's revenue was up 86.1% compared to the same quarter last year. Equities analysts anticipate that Franco-Nevada will post 7.89 EPS for the current fiscal year.

Franco-Nevada Company Profile

Franco-Nevada Corporation is a Toronto-based royalty and streaming company that specializes in securing and managing long-term interests in mining properties. The firm focuses primarily on precious metals, particularly gold, while also holding interests related to silver, copper, platinum-group metals and select base metals. Rather than operating mines directly, Franco-Nevada acquires royalty and streaming agreements that entitle it to a percentage of production or revenue from producing and developing assets in exchange for upfront or staged financing.

The company's business model centers on providing capital to mining companies in return for a sustained share of production or metal revenue, which can reduce exposure to operating and capital cost risks typical of mine operators.

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