Franco-Nevada (NYSE:FNV) Upgraded at StockNews.com

Franco-Nevada (NYSE:FNV - Get Free Report) TSE: FNV was upgraded by stock analysts at StockNews.com from a "hold" rating to a "buy" rating in a research note issued on Wednesday.

Other research analysts have also recently issued research reports about the stock. TD Securities cut shares of Franco-Nevada from a "buy" rating to a "hold" rating and set a $152.00 price target on the stock. in a research report on Tuesday, March 11th. Scotiabank increased their price target on shares of Franco-Nevada from $145.00 to $150.00 and gave the company a "sector perform" rating in a research note on Tuesday, March 11th. Raymond James raised their price target on shares of Franco-Nevada from $160.00 to $162.00 and gave the stock an "outperform" rating in a report on Tuesday, March 11th. UBS Group increased their price objective on Franco-Nevada from $165.00 to $170.00 and gave the stock a "buy" rating in a research report on Tuesday, March 11th. Finally, HC Wainwright lifted their target price on Franco-Nevada from $155.00 to $165.00 and gave the company a "buy" rating in a research report on Tuesday, March 11th. Five research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company's stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $153.63.

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Franco-Nevada Stock Performance

Shares of NYSE:FNV traded up $0.32 during midday trading on Wednesday, hitting $155.85. The company's stock had a trading volume of 808,947 shares, compared to its average volume of 619,376. Franco-Nevada has a 12-month low of $112.70 and a 12-month high of $156.82. The company has a market cap of $30.01 billion, a P/E ratio of -49.32, a price-to-earnings-growth ratio of 9.78 and a beta of 0.73. The business's 50 day simple moving average is $139.63 and its 200 day simple moving average is $129.21.

Franco-Nevada (NYSE:FNV - Get Free Report) TSE: FNV last posted its quarterly earnings results on Monday, March 10th. The basic materials company reported $0.95 earnings per share (EPS) for the quarter, beating 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 during the quarter, compared to analyst estimates of $304.33 million. During the same period in the prior year, the business earned $0.90 earnings per share. The business's revenue was up 5.8% compared to the same quarter last year. On average, sell-side analysts predict that Franco-Nevada will post 3.09 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Franco-Nevada

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Laurel Wealth Advisors LLC acquired a new stake in shares of Franco-Nevada in the fourth quarter valued at $47,000. Physician Wealth Advisors Inc. acquired a new stake in Franco-Nevada in the 4th quarter valued at about $49,000. Point72 DIFC Ltd purchased a new position in shares of Franco-Nevada in the 3rd quarter valued at about $52,000. Harbour Investments Inc. grew its position in shares of Franco-Nevada by 25.8% during the fourth quarter. Harbour Investments Inc. now owns 453 shares of the basic materials company's stock worth $53,000 after buying an additional 93 shares in the last quarter. Finally, Erste Asset Management GmbH purchased a new stake in shares of Franco-Nevada during the third quarter worth approximately $55,000. 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.