Franco-Nevada (TSE:FNV) Price Target Raised to C$173.00

Franco-Nevada (TSE:FNV - Get Free Report) NYSE: FNV had its target price boosted by Veritas Investment Research from C$149.00 to C$173.00 in a research note issued on Friday, BayStreet.CA reports. Veritas Investment Research's price target indicates a potential upside of 6.36% from the stock's current price.

FNV has been the topic of a number of other reports. Bank of America raised their price target on shares of Franco-Nevada from C$186.00 to C$190.00 in a research note on Tuesday. BMO Capital Markets reduced their price target on shares of Franco-Nevada from C$200.00 to C$195.00 in a research note on Wednesday, March 6th. Raymond James reduced their price target on shares of Franco-Nevada from C$146.00 to C$138.00 and set an "outperform" rating on the stock in a research note on Thursday, March 7th. Stifel Nicolaus dropped their price objective on shares of Franco-Nevada from C$186.00 to C$182.00 in a report on Friday, January 26th. Finally, Scotiabank dropped their price objective on shares of Franco-Nevada from C$141.00 to C$139.00 and set a "sector perform" rating for the company in a report on Thursday, March 7th. Three investment analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of C$184.00.

Franco-Nevada Price Performance

FNV traded down C$3.31 on Friday, hitting C$162.65. 420,799 shares of the stock were exchanged, compared to its average volume of 381,688. Franco-Nevada has a 12 month low of C$139.19 and a 12 month high of C$217.70. The business has a 50-day moving average of C$152.54 and a two-hundred day moving average of C$158.25. The company has a debt-to-equity ratio of 1.63, a current ratio of 41.21 and a quick ratio of 23.26. The firm has a market capitalization of C$31.26 billion, a price-to-earnings ratio of -49.67, a PEG ratio of 5.00 and a beta of 0.59.

Franco-Nevada (TSE:FNV - Get Free Report) NYSE: FNV last posted its quarterly earnings results on Tuesday, March 5th. The company reported C$1.23 earnings per share for the quarter, beating analysts' consensus estimates of C$1.07 by C$0.16. Franco-Nevada had a negative net margin of 38.33% and a negative return on equity of 7.65%. The company had revenue of C$412.95 million for the quarter. Sell-side analysts forecast that Franco-Nevada will post 4.2207264 EPS for the current fiscal year.

Insiders Place Their Bets

In other Franco-Nevada news, Director Paul Brink sold 2,315 shares of the firm's stock in a transaction that occurred on Monday, March 25th. The shares were sold at an average price of C$157.33, for a total transaction of C$364,221.50. In other Franco-Nevada news, Director Paul Brink sold 2,315 shares of the firm's stock in a transaction that occurred on Monday, March 25th. The shares were sold at an average price of C$157.33, for a total transaction of C$364,221.50. Also, Senior Officer Sandip Rana sold 10,749 shares of Franco-Nevada stock in a transaction on Thursday, March 21st. The shares were sold at an average price of C$160.29, for a total transaction of C$1,722,952.91. In the last 90 days, insiders sold 16,839 shares of company stock worth $2,686,396. 0.18% of the stock is currently owned by insiders.

About Franco-Nevada

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.