Franco-Nevada (TSE:FNV) Stock Rating Upgraded by BMO Capital Markets

BMO Capital Markets upgraded shares of Franco-Nevada (TSE:FNV - Free Report) NYSE: FNV to a strong-buy rating in a report published on Wednesday morning,Zacks.com reports.

A number of other research firms have also recently weighed in on FNV. TD Securities cut shares of Franco-Nevada from a "buy" rating to a "hold" rating and set a C$152.00 price target on the stock. in a research note on Tuesday, March 11th. National Bankshares lowered their target price on shares of Franco-Nevada from C$220.00 to C$215.00 in a research report on Tuesday, March 11th. Two equities research analysts have rated the stock with a hold rating, two have assigned a buy rating and three have given a strong buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of "Buy" and a consensus price target of C$207.88.

Franco-Nevada Trading Up 1.1 %

Shares of FNV traded up C$2.74 during mid-day trading on Wednesday, hitting C$242.47. The company's stock had a trading volume of 173,873 shares, compared to its average volume of 319,298. Franco-Nevada has a 1-year low of C$156.31 and a 1-year high of C$245.55. The firm has a market capitalization of C$32.90 billion, a P/E ratio of -52.36, a P/E/G ratio of 5.00 and a beta of 0.68. The firm has a 50-day simple moving average of C$214.84 and a 200 day simple moving average of C$190.30.

Insider Buying and Selling at Franco-Nevada

In other Franco-Nevada news, Director Paul Brink sold 5,448 shares of the stock in a transaction that occurred on Tuesday, March 25th. The shares were sold at an average price of C$223.81, for a total value of C$1,219,335.40. Also, Senior Officer Christopher Bell sold 731 shares of Franco-Nevada stock in a transaction dated Tuesday, March 25th. The stock was sold at an average price of C$224.94, for a total value of C$164,432.82. In the last ninety days, insiders have sold 16,054 shares of company stock worth $3,563,292. Corporate insiders own 0.69% 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.