Franco-Nevada (NYSE:FNV) Rating Lowered to "Hold" at Wall Street Zen

Key Points

• Franco-Nevada's stock rating has been downgraded from "buy" to "hold" by Wall Street Zen, reflecting cautious sentiment from analysts.
• Despite the downgrade, TD Securities and Raymond James have raised their price objectives for Franco-Nevada, indicating mixed analyst outlooks with a consensus target price of $216.14.
• The company's recent quarterly earnings report showed a earnings per share of $1.24, exceeding estimates, though revenue was slightly below expectations at $369.40 million.

Franco-Nevada (NYSE:FNV - Get Free Report) TSE: FNV was downgraded by equities researchers at Wall Street Zen from a "buy" rating to a "hold" rating in a research report issued to clients and investors on Saturday.

FNV has been the subject of several other research reports. TD Securities lifted their price objective on shares of Franco-Nevada from $182.00 to $184.00 and gave the company a "hold" rating in a research note on Tuesday, August 12th. Raymond James Financial lifted their price objective on shares of Franco-Nevada from $218.00 to $234.00 and gave the company an "outperform" rating in a research note on Friday, October 10th. Zacks Research upgraded shares of Franco-Nevada from a "hold" rating to a "strong-buy" rating in a research note on Friday, October 17th. CIBC restated an "outperform" rating on shares of Franco-Nevada in a report on Tuesday, July 15th. Finally, Canaccord Genuity Group upgraded shares of Franco-Nevada from a "hold" rating to a "strong-buy" rating in a report on Wednesday. Two research analysts have rated the stock with a Strong Buy rating, six have issued a Buy rating and six have issued a Hold rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $216.14.

Franco-Nevada Stock Down 0.7%

NYSE:FNV opened at $190.04 on Friday. The company has a fifty day moving average of $200.86 and a 200-day moving average of $177.83. The firm has a market capitalization of $36.62 billion, a P/E ratio of 46.69, a P/E/G ratio of 1.77 and a beta of 0.42. Franco-Nevada has a twelve month low of $112.70 and a twelve month high of $225.63.

Franco-Nevada (NYSE:FNV - Get Free Report) TSE: FNV last released its quarterly earnings data on Monday, August 11th. The basic materials company reported $1.24 earnings per share for the quarter, beating the consensus estimate of $1.10 by $0.14. The company had revenue of $369.40 million during the quarter, compared to analyst estimates of $382.70 million. Franco-Nevada had a net margin of 58.82% and a return on equity of 12.56%. Franco-Nevada's revenue for the quarter was up 42.0% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.75 EPS. On average, analysts anticipate that Franco-Nevada will post 3.09 EPS for the current fiscal year.

Institutional Trading of Franco-Nevada

Institutional investors have recently made changes to their positions in the company. Spire Wealth Management boosted its holdings in shares of Franco-Nevada by 13.4% in the 3rd quarter. Spire Wealth Management now owns 475 shares of the basic materials company's stock worth $106,000 after buying an additional 56 shares during the last quarter. SBI Securities Co. Ltd. boosted its holdings in shares of Franco-Nevada by 10.3% in the 1st quarter. SBI Securities Co. Ltd. now owns 683 shares of the basic materials company's stock worth $108,000 after buying an additional 64 shares during the last quarter. Beacon Financial Group boosted its holdings in shares of Franco-Nevada by 1.0% in the 2nd quarter. Beacon Financial Group now owns 7,169 shares of the basic materials company's stock worth $1,175,000 after buying an additional 72 shares during the last quarter. Kiker Wealth Management LLC boosted its holdings in shares of Franco-Nevada by 20.5% in the 2nd quarter. Kiker Wealth Management LLC now owns 471 shares of the basic materials company's stock worth $77,000 after buying an additional 80 shares during the last quarter. Finally, Golden State Wealth Management LLC boosted its holdings in shares of Franco-Nevada by 78.3% in the 2nd quarter. Golden State Wealth Management LLC now owns 205 shares of the basic materials company's stock worth $34,000 after buying an additional 90 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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