Franco-Nevada (NYSE:FNV) Earns Outperform Rating from Analysts at BMO Capital Markets

BMO Capital Markets assumed coverage on shares of Franco-Nevada (NYSE:FNV - Get Free Report) TSE: FNV in a report released on Wednesday, Marketbeat Ratings reports. The brokerage set an "outperform" rating on the basic materials company's stock.

FNV has been the subject of a number of other research reports. StockNews.com upgraded shares of Franco-Nevada from a "hold" rating to a "buy" rating in a report on Monday, April 7th. HC Wainwright boosted their price target on Franco-Nevada from $165.00 to $180.00 and gave the company a "buy" rating in a report on Wednesday, March 26th. TD Securities downgraded Franco-Nevada from a "buy" rating to a "hold" rating and set a $152.00 price objective on the stock. in a report on Tuesday, March 11th. Raymond James upped their target price on Franco-Nevada from $162.00 to $181.00 and gave the stock an "outperform" rating in a report on Friday, April 4th. Finally, National Bankshares reissued a "sector perform" rating on shares of Franco-Nevada in a research report on Wednesday, April 2nd. Six equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company's stock. According to MarketBeat, Franco-Nevada presently has an average rating of "Moderate Buy" and an average price target of $162.25.

Franco-Nevada Price Performance

Shares of FNV traded down $1.44 during midday trading on Wednesday, hitting $171.14. The stock had a trading volume of 1,026,124 shares, compared to its average volume of 692,898. The firm has a market cap of $32.95 billion, a PE ratio of -54.16, a price-to-earnings-growth ratio of 9.78 and a beta of 0.68. Franco-Nevada has a 1 year low of $112.70 and a 1 year high of $174.44. The stock's 50 day moving average is $150.39 and its 200 day moving average is $134.23.

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 EPS for the quarter, beating analysts' consensus estimates of $0.90 by $0.05. The firm had revenue of $321.00 million for the quarter, compared to analysts' expectations of $304.33 million. Franco-Nevada had a positive return on equity of 10.55% and a negative net margin of 55.28%. The company's quarterly revenue was up 5.8% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.90 earnings per share. As a group, equities research analysts expect that Franco-Nevada will post 3.09 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Franco-Nevada

A number of hedge funds and other institutional investors have recently made changes to their positions in FNV. Barclays PLC grew its position in Franco-Nevada by 29.4% during the third quarter. Barclays PLC now owns 35,828 shares of the basic materials company's stock valued at $4,450,000 after buying an additional 8,147 shares during the period. Geode Capital Management LLC grew its position in shares of Franco-Nevada by 6.9% during the 3rd quarter. Geode Capital Management LLC now owns 839,903 shares of the basic materials company's stock valued at $104,068,000 after acquiring an additional 54,329 shares during the period. Wilmington Savings Fund Society FSB purchased a new position in shares of Franco-Nevada in the 3rd quarter valued at about $326,000. Tri Ri Asset Management Corp acquired a new position in Franco-Nevada in the 3rd quarter worth about $3,433,000. Finally, Franklin Resources Inc. boosted its position in Franco-Nevada by 8.3% during the third quarter. Franklin Resources Inc. now owns 79,232 shares of the basic materials company's stock worth $9,957,000 after purchasing an additional 6,052 shares in the last quarter. Institutional investors and hedge funds 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.