Franco-Nevada (NYSE:FNV) Given Buy Rating at HC Wainwright

Franco-Nevada (NYSE:FNV - Get Free Report) TSE: FNV's stock had its "buy" rating restated by analysts at HC Wainwright in a note issued to investors on Wednesday, Marketbeat reports. They presently have a $195.00 price objective on the basic materials company's stock, up from their prior price objective of $180.00. HC Wainwright's target price would suggest a potential upside of 15.37% from the company's current price.

Several other research firms also recently commented on FNV. Raymond James lifted their price target on shares of Franco-Nevada from $162.00 to $181.00 and gave the stock an "outperform" rating in a research note on Friday, April 4th. Scotiabank lifted their price target on shares of Franco-Nevada from $165.00 to $169.00 and gave the stock a "sector perform" rating in a research note on Monday, May 12th. Wall Street Zen raised shares of Franco-Nevada from a "hold" rating to a "buy" rating in a research note on Monday, April 7th. BMO Capital Markets assumed coverage on shares of Franco-Nevada in a report on Wednesday, April 16th. They issued an "outperform" rating on the stock. Finally, TD Securities cut shares of Franco-Nevada from a "buy" rating to a "hold" rating and set a $152.00 target price on the stock. in a report on Tuesday, March 11th. Six investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $165.25.

Franco-Nevada Trading Up 0.4%

Shares of FNV stock traded up $0.73 during trading hours on Wednesday, hitting $169.02. 734,663 shares of the company's stock were exchanged, compared to its average volume of 727,219. The company has a market capitalization of $32.55 billion, a PE ratio of -53.49, a PEG ratio of 9.78 and a beta of 0.45. Franco-Nevada has a 12-month low of $112.70 and a 12-month high of $178.74. The business's 50 day simple moving average is $163.00 and its 200-day simple moving average is $142.24.

Franco-Nevada (NYSE:FNV - Get Free Report) TSE: FNV last posted its quarterly earnings results on Thursday, May 8th. The basic materials company reported $1.07 EPS for the quarter, topping the consensus estimate of $1.00 by $0.07. The firm had revenue of $368.40 million for the quarter, compared to the consensus estimate of $328.79 million. Franco-Nevada had a negative net margin of 55.28% and a positive return on equity of 10.55%. The business's revenue was up 43.5% compared to the same quarter last year. During the same period last year, the firm posted $0.76 earnings per share. Equities analysts anticipate that Franco-Nevada will post 3.09 EPS for the current year.

Institutional Trading of Franco-Nevada

Several large investors have recently added to or reduced their stakes in FNV. Barclays PLC boosted its holdings in Franco-Nevada by 29.4% in the third quarter. Barclays PLC now owns 35,828 shares of the basic materials company's stock valued at $4,450,000 after acquiring an additional 8,147 shares in the last quarter. Janney Montgomery Scott LLC boosted its holdings in Franco-Nevada by 1.7% in the fourth quarter. Janney Montgomery Scott LLC now owns 14,286 shares of the basic materials company's stock valued at $1,680,000 after acquiring an additional 241 shares in the last quarter. Mutual Advisors LLC boosted its holdings 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 valued at $309,000 after acquiring an additional 96 shares in the last quarter. Flagship Harbor Advisors LLC boosted its holdings in Franco-Nevada by 4.7% in the fourth quarter. Flagship Harbor Advisors LLC now owns 2,715 shares of the basic materials company's stock valued at $319,000 after acquiring an additional 122 shares in the last quarter. Finally, PFG Investments LLC boosted its holdings in Franco-Nevada by 10.9% in the fourth quarter. PFG Investments LLC now owns 6,754 shares of the basic materials company's stock valued at $794,000 after acquiring an additional 665 shares in the last quarter. Institutional investors own 77.06% of the company's stock.

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.