UBS Group Forecasts Strong Price Appreciation for Franco-Nevada (NYSE:FNV) Stock

Franco-Nevada (NYSE:FNV - Get Free Report) TSE: FNV had its target price boosted by UBS Group from $170.00 to $190.00 in a research report issued on Friday,Benzinga reports. The brokerage currently has a "buy" rating on the basic materials company's stock. UBS Group's target price indicates a potential upside of 11.24% from the stock's previous close.

A number of other research firms also recently issued reports on FNV. Scotiabank increased their price target on Franco-Nevada from $145.00 to $150.00 and gave the stock a "sector perform" rating in a research report on Tuesday, March 11th. Royal Bank of Canada upped their target price on Franco-Nevada from $145.00 to $155.00 and gave the stock a "sector perform" rating in a report on Tuesday, February 11th. Raymond James lifted their price target on Franco-Nevada from $162.00 to $181.00 and gave the company an "outperform" rating in a report on Friday, April 4th. HC Wainwright upped their price objective on Franco-Nevada from $165.00 to $180.00 and gave the stock a "buy" rating in a research note on Wednesday, March 26th. Finally, National Bankshares reiterated a "sector perform" rating on shares of Franco-Nevada in a research note on Wednesday, April 2nd. Six research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $162.25.

Franco-Nevada Price Performance

Shares of FNV traded up $1.56 during mid-day trading on Friday, reaching $170.80. 812,920 shares of the company's stock traded hands, compared to its average volume of 689,410. Franco-Nevada has a 12 month low of $112.70 and a 12 month high of $176.01. The stock has a market cap of $32.89 billion, a P/E ratio of -54.05, a P/E/G ratio of 9.78 and a beta of 0.68. The stock's 50-day moving average is $148.63 and its two-hundred day moving average is $133.32.

Franco-Nevada (NYSE:FNV - Get Free Report) TSE: FNV last released its earnings results on Monday, March 10th. The basic materials company reported $0.95 earnings per share for the quarter, topping analysts' consensus estimates of $0.90 by $0.05. Franco-Nevada had a positive return on equity of 10.55% and a negative net margin of 55.28%. The business had revenue of $321.00 million for the quarter, compared to analyst estimates of $304.33 million. During the same quarter last year, the firm posted $0.90 earnings per share. The business's revenue was up 5.8% compared to the same quarter last year. Research analysts predict that Franco-Nevada will post 3.09 earnings per share for the current year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in FNV. CX Institutional acquired a new position in shares of Franco-Nevada in the 1st quarter valued at $30,000. Integrated Advisors Network LLC increased its holdings in shares of Franco-Nevada by 123.0% in the first quarter. Integrated Advisors Network LLC now owns 4,985 shares of the basic materials company's stock valued at $785,000 after purchasing an additional 2,750 shares during the period. SG Americas Securities LLC raised its stake in shares of Franco-Nevada by 38.9% in the first quarter. SG Americas Securities LLC now owns 50,906 shares of the basic materials company's stock worth $8,021,000 after purchasing an additional 14,263 shares during the last quarter. Abacus Planning Group Inc. acquired a new stake in shares of Franco-Nevada during the first quarter worth about $209,000. Finally, First Affirmative Financial Network purchased a new stake in Franco-Nevada in the first quarter valued at approximately $228,000. Hedge funds and other 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.