Stifel Nicolaus Issues Positive Forecast for Franco-Nevada (TSE:FNV) Stock Price

Franco-Nevada (TSE:FNV - Free Report) NYSE: FNV had its target price hoisted by Stifel Nicolaus from C$220.00 to C$265.00 in a research note published on Monday morning,BayStreet.CA reports.

Several other research firms have also commented on FNV. CIBC increased their target price on shares of Franco-Nevada from C$260.00 to C$280.00 in a report on Thursday, April 17th. National Bankshares reduced their price objective on Franco-Nevada from C$220.00 to C$215.00 in a research note on Tuesday, March 11th. TD Securities lowered Franco-Nevada from a "buy" rating to a "hold" rating and set a C$152.00 target price for the company. in a research note on Tuesday, March 11th. Finally, BMO Capital Markets upgraded Franco-Nevada to a "strong-buy" rating in a research report on Wednesday, April 16th. Two research analysts have rated the stock with a hold rating, one has given a buy rating and three have issued a strong buy rating to the company. According to MarketBeat.com, the company has an average rating of "Buy" and a consensus price target of C$209.00.

Franco-Nevada Stock Performance

TSE:FNV traded down C$1.88 during mid-day trading on Monday, reaching C$235.71. The stock had a trading volume of 189,965 shares, compared to its average volume of 322,215. The stock has a market capitalization of C$31.99 billion, a P/E ratio of -50.90, a P/E/G ratio of 5.00 and a beta of 0.68. The firm has a 50 day moving average price of C$217.89 and a two-hundred day moving average price of C$192.09. Franco-Nevada has a one year low of C$156.31 and a one year high of C$245.55.

Insider Buying and Selling at Franco-Nevada

In other Franco-Nevada news, Director Boris De Vries sold 500 shares of the business's stock in a transaction dated Thursday, March 13th. The stock was sold at an average price of C$217.08, for a total transaction of C$108,540.35. Also, Senior Officer Lena Miller sold 1,700 shares of the company's stock in a transaction that occurred on Wednesday, March 12th. The shares were sold at an average price of C$210.37, for a total transaction of C$357,620.50. In the last three months, insiders have sold 16,054 shares of company stock worth $3,563,292. Insiders own 0.69% 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.