UBS Group Forecasts Strong Price Appreciation for Franco-Nevada (NYSE:FNV) Stock

Franco-Nevada (NYSE:FNV - Get Free Report) TSE: FNV had its price objective upped by UBS Group from $205.00 to $210.00 in a research report issued to clients and investors on Thursday,Benzinga reports. The firm currently has a "buy" rating on the basic materials company's stock. UBS Group's target price suggests a potential upside of 26.86% from the company's current price.

Other research analysts have also issued research reports about the company. Raymond James Financial set a $186.00 price target on Franco-Nevada and gave the stock an "outperform" rating in a research note on Wednesday, May 28th. HC Wainwright restated a "buy" rating and set a $195.00 price objective (up previously from $180.00) on shares of Franco-Nevada in a research note on Wednesday, May 28th. BMO Capital Markets restated an "outperform" rating on shares of Franco-Nevada in a research note on Wednesday, May 28th. National Bankshares restated a "sector perform" rating on shares of Franco-Nevada in a report on Tuesday, June 24th. Finally, TD Securities cut shares of Franco-Nevada from a "buy" rating to a "hold" rating and set a $152.00 price target on the stock. in a research report on Tuesday, March 11th. Six analysts have rated the stock with a hold rating and eight have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $172.13.

Franco-Nevada Stock Performance

FNV traded up $1.10 on Thursday, hitting $165.54. 395,450 shares of the company were exchanged, compared to its average volume of 746,733. The business's fifty day moving average is $166.95 and its 200 day moving average is $149.70. The firm has a market capitalization of $31.89 billion, a P/E ratio of 51.73, a price-to-earnings-growth ratio of 2.29 and a beta of 0.41. Franco-Nevada has a fifty-two week low of $112.70 and a fifty-two week high of $179.99.

Franco-Nevada (NYSE:FNV - Get Free Report) TSE: FNV last released its quarterly earnings results on Thursday, May 8th. The basic materials company reported $1.07 EPS for the quarter, beating the consensus estimate of $1.00 by $0.07. The business had revenue of $368.40 million for the quarter, compared to analyst estimates of $328.79 million. Franco-Nevada had a net margin of 50.39% and a return on equity of 11.40%. The company's quarterly revenue was up 43.5% on a year-over-year basis. During the same period in the prior year, the business earned $0.76 earnings per share. Analysts forecast that Franco-Nevada will post 3.09 EPS for the current fiscal year.

Institutional Investors Weigh In On Franco-Nevada

A number of hedge funds and other institutional investors have recently modified their holdings of FNV. CX Institutional acquired a new stake in shares of Franco-Nevada in the first quarter valued at $30,000. Cullen Frost Bankers Inc. acquired a new position in Franco-Nevada in the 1st quarter worth approximately $32,000. Nexus Investment Management ULC purchased a new stake in Franco-Nevada in the 1st quarter worth about $35,000. Hexagon Capital Partners LLC boosted its holdings in shares of Franco-Nevada by 494.7% during 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 period. Finally, Golden State Wealth Management LLC increased its stake in shares of 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 acquiring an additional 115 shares during the last quarter. 77.06% of the stock is currently owned by institutional investors.

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.