Franco-Nevada (NYSE:FNV) Given New $155.00 Price Target at HC Wainwright

Franco-Nevada (NYSE:FNV - Get Free Report) TSE: FNV had its price objective dropped by investment analysts at HC Wainwright from $200.00 to $155.00 in a research report issued on Friday,Benzinga reports. The firm currently has a "buy" rating on the basic materials company's stock. HC Wainwright's price target suggests a potential upside of 33.38% from the company's current price.

Several other equities analysts have also weighed in on the company. UBS Group initiated coverage on Franco-Nevada in a research note on Monday, November 18th. They issued a "buy" rating and a $160.00 price target for the company. Canaccord Genuity Group upgraded shares of Franco-Nevada from a "hold" rating to a "buy" rating in a research report on Monday, November 18th. Scotiabank reduced their price target on Franco-Nevada from $142.00 to $141.00 and set a "sector perform" rating on the stock in a report on Friday, November 8th. Jefferies Financial Group decreased their price objective on Franco-Nevada from $137.00 to $136.00 and set a "hold" rating on the stock in a report on Thursday, October 17th. Finally, Bank of America lowered shares of Franco-Nevada from a "buy" rating to a "neutral" rating and lowered their target price for the stock from $142.00 to $139.00 in a research note on Tuesday, October 1st. Four analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat.com, Franco-Nevada presently has a consensus rating of "Moderate Buy" and a consensus price target of $145.33.

Franco-Nevada Stock Up 0.9 %

Shares of FNV stock traded up $1.05 on Friday, hitting $116.21. The company had a trading volume of 1,172,822 shares, compared to its average volume of 663,678. Franco-Nevada has a twelve month low of $103.64 and a twelve month high of $137.60. The firm has a market cap of $22.37 billion, a P/E ratio of -36.78 and a beta of 0.72. The company has a 50-day moving average price of $124.75 and a 200-day moving average price of $123.32.

Franco-Nevada (NYSE:FNV - Get Free Report) TSE: FNV last announced its quarterly earnings results on Wednesday, November 6th. The basic materials company reported $0.80 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.83 by ($0.03). The company 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 55.28% and a positive return on equity of 10.55%. The company's revenue was down 10.9% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.91 earnings per share. Equities research analysts expect that Franco-Nevada will post 3.22 EPS for the current year.

Hedge Funds Weigh In On Franco-Nevada

A number of institutional investors and hedge funds have recently modified their holdings of the company. Graham Capital Wealth Management LLC boosted its holdings in shares of Franco-Nevada by 0.4% in the 2nd quarter. Graham Capital Wealth Management LLC now owns 21,183 shares of the basic materials company's stock valued at $2,511,000 after buying an additional 86 shares in the last quarter. Meixler Investment Management Ltd. increased its position in Franco-Nevada by 0.5% in the 2nd quarter. Meixler Investment Management Ltd. now owns 21,460 shares of the basic materials company's stock valued at $2,543,000 after acquiring an additional 101 shares during the period. Natixis Advisors LLC increased its position in Franco-Nevada by 0.5% in the 2nd quarter. Natixis Advisors LLC now owns 19,167 shares of the basic materials company's stock valued at $2,272,000 after acquiring an additional 101 shares during the period. Huntington National Bank raised its stake in Franco-Nevada by 7.4% during the 3rd quarter. Huntington National Bank now owns 1,486 shares of the basic materials company's stock valued at $185,000 after acquiring an additional 102 shares during the last quarter. Finally, Primoris Wealth Advisors LLC lifted its position in Franco-Nevada by 4.7% during the 2nd quarter. Primoris Wealth Advisors LLC now owns 2,475 shares of the basic materials company's stock worth $293,000 after acquiring an additional 112 shares during the period. 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.