Franco-Nevada (TSE:FNV) Given New C$400.00 Price Target at National Bank Financial

Key Points

• National Bank Financial raised its price target on Franco‑Nevada to C$400 (from C$380), implying roughly a 10.78% upside from the recent share price.
• Franco‑Nevada trades near C$361 (market cap C$69.6B), reported quarterly EPS of C$3.86 and revenue of C$819.8M, but carries a high P/E of 75.69; analysts' views vary and the consensus is a Moderate Buy with an average target of C$336.67.

Franco-Nevada (TSE:FNV - Get Free Report) NYSE: FNV had its price objective raised by research analysts at National Bank Financial from C$380.00 to C$400.00 in a research note issued to investors on Thursday,BayStreet.CA reports. National Bank Financial's price target indicates a potential upside of 10.78% from the stock's current price.

Several other brokerages also recently issued reports on FNV. Canaccord Genuity Group downgraded Franco-Nevada from a "buy" rating to a "hold" rating and lifted their price objective for the stock from C$350.00 to C$380.00 in a research report on Monday, January 26th. Bank of America raised their price target on Franco-Nevada from C$367.00 to C$384.00 in a research report on Thursday, February 26th. UBS Group boosted their price target on Franco-Nevada from C$260.00 to C$270.00 and gave the stock a "buy" rating in a report on Tuesday, December 2nd. Canadian Imperial Bank of Commerce upped their price objective on Franco-Nevada from C$460.00 to C$480.00 in a research report on Wednesday, February 4th. Finally, Royal Bank Of Canada upgraded Franco-Nevada from a "hold" rating to a "moderate buy" rating and set a C$250.00 price objective for the company in a research report on Wednesday, December 10th. One equities research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of C$336.67.

Franco-Nevada Price Performance

FNV traded up C$0.58 during trading on Thursday, reaching C$361.06. 130,336 shares of the stock were exchanged, compared to its average volume of 416,223. The company has a debt-to-equity ratio of 0.12, a current ratio of 4.64 and a quick ratio of 23.26. The company has a market capitalization of C$69.60 billion, a price-to-earnings ratio of 75.69, a P/E/G ratio of 5.00 and a beta of 0.81. Franco-Nevada has a 1 year low of C$199.61 and a 1 year high of C$388.22. The business's 50 day moving average price is C$340.93 and its two-hundred day moving average price is C$302.03.

Franco-Nevada (TSE:FNV - Get Free Report) NYSE: FNV last issued its quarterly earnings data on Tuesday, March 10th. The company reported C$3.86 EPS for the quarter. Franco-Nevada had a net margin of 59.48% and a return on equity of 14.21%. The firm had revenue of C$819.83 million for the quarter. As a group, equities research analysts anticipate that Franco-Nevada will post 3.1114111 earnings per share for the current year.

Franco-Nevada Company Profile

Franco-Nevada Corp is a precious-metals-focused royalty and investment company. The company owns a diversified portfolio of precious metals and royalty streams, which is actively managed to generate the bulk of its revenue from gold, silver, and platinum. The company does not operate mines, develop projects, or conduct exploration. Franco-Nevada's short-term financial performance is linked to the price of commodities and the amount of production from its portfolio of producing assets. Its long-term performance is affected by the availability of exploration and development capital.

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