Franco-Nevada (NYSE:FNV) Price Target Raised to $185.00

Franco-Nevada (NYSE:FNV - Get Free Report) TSE: FNV had its price target hoisted by stock analysts at HC Wainwright from $175.00 to $185.00 in a research report issued to clients and investors on Monday, Benzinga reports. The firm presently has a "buy" rating on the basic materials company's stock. HC Wainwright's price target points to a potential upside of 46.60% from the company's previous close.

A number of other analysts have also commented on the company. Jefferies Financial Group lifted their price target on Franco-Nevada from $117.00 to $129.00 and gave the company a "hold" rating in a research note on Monday, April 22nd. TheStreet lowered Franco-Nevada from a "c+" rating to a "d+" rating in a research note on Tuesday, March 5th. Scotiabank lifted their price target on Franco-Nevada from $139.00 to $140.00 and gave the company a "sector perform" rating in a research note on Thursday, April 18th. Bank of America cut their price target on Franco-Nevada from $138.00 to $136.00 and set a "buy" rating on the stock in a research note on Monday, March 18th. Finally, Raymond James raised their price objective on Franco-Nevada from $138.00 to $141.00 and gave the stock an "outperform" rating in a research report on Thursday, April 11th. Six research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of "Hold" and an average price target of $148.60.

Franco-Nevada Price Performance

NYSE:FNV traded up $2.94 during trading hours on Monday, hitting $126.19. The company's stock had a trading volume of 792,079 shares, compared to its average volume of 732,723. The stock has a fifty day simple moving average of $116.74 and a 200-day simple moving average of $114.92. The company has a market capitalization of $24.27 billion, a P/E ratio of -50.68, a PEG ratio of 6.29 and a beta of 0.72. Franco-Nevada has a twelve month low of $102.29 and a twelve month high of $161.25.

Franco-Nevada (NYSE:FNV - Get Free Report) TSE: FNV last released its quarterly earnings data on Wednesday, May 1st. The basic materials company reported $0.76 earnings per share for the quarter, beating the consensus estimate of $0.68 by $0.08. The business had revenue of $256.80 million for the quarter, compared to analyst estimates of $250.50 million. Franco-Nevada had a positive return on equity of 10.81% and a negative net margin of 39.88%. Franco-Nevada's revenue was down 7.1% compared to the same quarter last year. During the same period last year, the firm posted $0.79 earnings per share. On average, equities analysts predict that Franco-Nevada will post 2.97 EPS for the current fiscal year.

Institutional Investors Weigh In On Franco-Nevada

A number of hedge funds have recently added to or reduced their stakes in FNV. VisionPoint Advisory Group LLC acquired a new position in shares of Franco-Nevada during the third quarter worth approximately $30,000. Castleview Partners LLC acquired a new position in shares of Franco-Nevada during the third quarter worth approximately $33,000. Creative Financial Designs Inc. ADV acquired a new position in shares of Franco-Nevada during the fourth quarter worth approximately $34,000. Allworth Financial LP raised its position in shares of Franco-Nevada by 5,750.0% during the fourth quarter. Allworth Financial LP now owns 351 shares of the basic materials company's stock worth $39,000 after purchasing an additional 345 shares during the period. Finally, Fortis Group Advisors LLC grew its holdings in Franco-Nevada by 100.0% during the fourth quarter. Fortis Group Advisors LLC now owns 352 shares of the basic materials company's stock worth $39,000 after buying an additional 176 shares in 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.