Franco-Nevada (NYSE:FNV) Coverage Initiated by Analysts at BMO Capital Markets

Equities researchers at BMO Capital Markets started coverage on shares of Franco-Nevada (NYSE:FNV - Get Free Report) TSE: FNV in a report released on Wednesday, MarketBeat reports. The firm set an "outperform" rating on the basic materials company's stock.

FNV has been the topic of a number of other research reports. StockNews.com upgraded shares of Franco-Nevada from a "hold" rating to a "buy" rating in a research report on Monday, April 7th. Royal Bank of Canada increased their price objective on shares of Franco-Nevada from $145.00 to $155.00 and gave the stock a "sector perform" rating in a research report on Tuesday, February 11th. UBS Group upped their price target on Franco-Nevada from $170.00 to $190.00 and gave the stock a "buy" rating in a research note on Friday, April 11th. TD Securities lowered Franco-Nevada from a "buy" rating to a "hold" rating and set a $152.00 target price on the stock. in a research report on Tuesday, March 11th. Finally, Raymond James raised their price objective on shares of Franco-Nevada from $162.00 to $181.00 and gave the company an "outperform" rating in a research note on Friday, April 4th. Six investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat, Franco-Nevada currently has a consensus rating of "Moderate Buy" and a consensus target price of $162.25.

Franco-Nevada Stock Performance

Shares of NYSE:FNV traded up $0.52 during trading on Wednesday, reaching $171.61. The stock had a trading volume of 662,346 shares, compared to its average volume of 692,571. Franco-Nevada has a 52 week low of $112.70 and a 52 week high of $178.64. The firm's fifty day moving average is $150.39 and its 200 day moving average is $134.39. The stock has a market cap of $33.04 billion, a price-to-earnings ratio of -54.31, a P/E/G ratio of 9.78 and a beta of 0.68.

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

Institutional Inflows and Outflows

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

Franco-Nevada Company Profile

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.