Franco-Nevada (NYSE:FNV) Price Target Raised to $169.00

Franco-Nevada (NYSE:FNV - Get Free Report) TSE: FNV had its price objective increased by stock analysts at Scotiabank from $165.00 to $169.00 in a research report issued on Monday,Benzinga reports. The firm currently has a "sector perform" rating on the basic materials company's stock. Scotiabank's price target would indicate a potential upside of 6.21% from the company's current price.

Several other research analysts have also issued reports on the stock. BMO Capital Markets began coverage on shares of Franco-Nevada in a research note on Wednesday, April 16th. They issued an "outperform" rating for the company. StockNews.com upgraded shares of Franco-Nevada from a "hold" rating to a "buy" rating in a research note on Monday, April 7th. HC Wainwright increased their price target on shares of Franco-Nevada from $165.00 to $180.00 and gave the stock a "buy" rating in a research note on Wednesday, March 26th. Royal Bank of Canada increased their price target on shares of Franco-Nevada from $145.00 to $155.00 and gave the stock a "sector perform" rating in a research note on Tuesday, February 11th. Finally, UBS Group raised their price objective on shares of Franco-Nevada from $170.00 to $190.00 and gave the company a "buy" rating in a research note on Friday, April 11th. Six investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $162.75.

Franco-Nevada Trading Down 6.0%

NYSE FNV traded down $10.12 during trading on Monday, hitting $159.11. The company had a trading volume of 523,440 shares, compared to its average volume of 714,144. Franco-Nevada has a one year low of $112.70 and a one year high of $178.74. The company has a market cap of $30.64 billion, a price-to-earnings ratio of -50.40, a price-to-earnings-growth ratio of 9.78 and a beta of 0.45. The company's fifty day moving average is $159.01 and its 200-day moving average is $138.87.

Franco-Nevada (NYSE:FNV - Get Free Report) TSE: FNV last issued its quarterly earnings data 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 business had revenue of $368.40 million during the quarter, compared to analyst estimates of $328.79 million. Franco-Nevada had a negative net margin of 55.28% and a positive return on equity of 10.55%. The company's revenue for the quarter was up 43.5% on a year-over-year basis. During the same period in the prior year, the business earned $0.76 EPS. As a group, equities analysts anticipate that Franco-Nevada will post 3.09 EPS for the current year.

Institutional Investors Weigh In On Franco-Nevada

Institutional investors and hedge funds have recently modified their holdings of the stock. CX Institutional bought a new stake in Franco-Nevada in the first quarter worth $30,000. Cullen Frost Bankers Inc. bought a new stake in Franco-Nevada in the first quarter worth $32,000. Nexus Investment Management ULC bought a new stake in Franco-Nevada in the first quarter worth $35,000. Golden State Wealth Management LLC increased its position in Franco-Nevada by 100.0% in the first quarter. Golden State Wealth Management LLC now owns 230 shares of the basic materials company's stock worth $36,000 after purchasing an additional 115 shares during the last quarter. Finally, Hexagon Capital Partners LLC increased its position in Franco-Nevada by 494.7% in the first quarter. Hexagon Capital Partners LLC now owns 226 shares of the basic materials company's stock worth $36,000 after purchasing an additional 188 shares during the last quarter. 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.

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