HC Wainwright Issues Positive Forecast for Franco-Nevada (NYSE:FNV) Stock Price

Franco-Nevada (NYSE:FNV - Get Free Report) TSE: FNV had its target price hoisted by HC Wainwright from $185.00 to $200.00 in a research note issued on Friday,Benzinga reports. The firm currently has a "buy" rating on the basic materials company's stock. HC Wainwright's target price would indicate a potential upside of 63.35% from the company's current price.

A number of other research analysts have also commented on FNV. Bank of America lowered shares of Franco-Nevada from a "buy" rating to a "neutral" rating and decreased their price target for the company from $142.00 to $139.00 in a research note on Tuesday, October 1st. StockNews.com upgraded Franco-Nevada from a "sell" rating to a "hold" rating in a research note on Thursday, August 22nd. TD Securities upgraded Franco-Nevada from a "hold" rating to a "buy" rating in a research report on Thursday, August 15th. Jefferies Financial Group lowered their price objective on Franco-Nevada from $137.00 to $136.00 and set a "hold" rating for the company in a research report on Thursday, October 17th. Finally, TD Cowen upgraded Franco-Nevada from a "hold" rating to a "buy" rating in a report on Thursday, August 15th. Four research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to MarketBeat.com, Franco-Nevada presently has a consensus rating of "Moderate Buy" and an average price target of $156.57.

Franco-Nevada Trading Down 3.1 %

Shares of Franco-Nevada stock traded down $3.97 on Friday, reaching $122.44. 873,434 shares of the company were exchanged, compared to its average volume of 655,895. The company has a market capitalization of $23.57 billion, a price-to-earnings ratio of -39.99, a PEG ratio of 22.08 and a beta of 0.75. The company has a 50-day moving average of $126.65 and a 200 day moving average of $124.10. Franco-Nevada has a one year low of $102.29 and a one year high of $137.60.

Franco-Nevada (NYSE:FNV - Get Free Report) TSE: FNV last issued its earnings results on Wednesday, November 6th. The basic materials company reported $0.80 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.83 by ($0.03). The firm had revenue of $275.70 million during the quarter, compared to analyst estimates of $279.11 million. Franco-Nevada had a negative net margin of 51.64% and a positive return on equity of 10.56%. The company's revenue for the quarter was down 10.9% on a year-over-year basis. During the same quarter last year, the business posted $0.91 earnings per share. Analysts predict that Franco-Nevada will post 3.25 earnings per share for the current year.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in FNV. Mechanics Financial Corp grew its stake in Franco-Nevada by 150.0% in the 2nd quarter. Mechanics Financial Corp now owns 250 shares of the basic materials company's stock valued at $30,000 after buying an additional 150 shares in the last quarter. Mather Group LLC. bought a new stake in shares of Franco-Nevada during the 2nd quarter valued at $33,000. Kings Path Partners LLC bought a new position in Franco-Nevada in the 2nd quarter worth about $36,000. Sunbelt Securities Inc. grew its holdings in Franco-Nevada by 3,333.3% during the 2nd quarter. Sunbelt Securities Inc. now owns 412 shares of the basic materials company's stock valued at $49,000 after buying an additional 400 shares in the last quarter. Finally, Hillsdale Investment Management Inc. lifted its holdings in shares of Franco-Nevada by 33.3% in the first quarter. Hillsdale Investment Management Inc. now owns 440 shares of the basic materials company's stock worth $52,000 after buying an additional 110 shares in the last quarter. 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.