Franco-Nevada (NYSE:FNV - Get Free Report) TSE: FNV had its price target boosted by research analysts at HC Wainwright from $155.00 to $165.00 in a research note issued on Tuesday,Benzinga reports. The firm currently has a "buy" rating on the basic materials company's stock. HC Wainwright's price objective would suggest a potential upside of 15.69% from the company's previous close.
Several other equities research analysts also recently weighed in on the company. StockNews.com raised Franco-Nevada from a "hold" rating to a "buy" rating in a research report on Friday. Canaccord Genuity Group upgraded Franco-Nevada from a "hold" rating to a "buy" rating in a report on Monday, November 18th. TD Securities lowered shares of Franco-Nevada from a "buy" rating to a "hold" rating in a report on Tuesday. UBS Group began coverage on Franco-Nevada in a research note on Monday, November 18th. They issued a "buy" rating and a $160.00 price target on the stock. Finally, Canaccord Genuity Group upgraded Franco-Nevada from a "hold" rating to a "buy" rating in a research note on Monday, November 18th. Five 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.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $148.14.
View Our Latest Report on Franco-Nevada
Franco-Nevada Stock Performance
Shares of NYSE:FNV opened at $142.62 on Tuesday. Franco-Nevada has a 1 year low of $111.98 and a 1 year high of $150.23. The stock has a 50-day simple moving average of $133.80 and a 200-day simple moving average of $127.30. The stock has a market capitalization of $27.46 billion, a P/E ratio of -45.13, a PEG ratio of 9.78 and a beta of 0.73.
Franco-Nevada (NYSE:FNV - Get Free Report) TSE: FNV last released its quarterly earnings data on Monday, March 10th. The basic materials company reported $0.95 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.90 by $0.05. Franco-Nevada had a negative net margin of 55.28% and a positive return on equity of 10.55%. The company had revenue of $321.00 million during the quarter, compared to analyst estimates of $304.33 million. During the same quarter in the prior year, the business earned $0.90 earnings per share. The business's quarterly revenue was up 5.8% compared to the same quarter last year. Analysts predict that Franco-Nevada will post 3.09 earnings per share for the current year.
Institutional Trading of Franco-Nevada
A number of institutional investors and hedge funds have recently made changes to their positions in FNV. Towarzystwo Funduszy Inwestycyjnych Allianz Polska S.A. bought a new stake in shares of Franco-Nevada during the fourth quarter valued at approximately $641,000. Public Employees Retirement System of Ohio increased its position in Franco-Nevada by 1.0% in the 4th quarter. Public Employees Retirement System of Ohio now owns 99,257 shares of the basic materials company's stock valued at $11,662,000 after acquiring an additional 994 shares during the period. Hudson Value Partners LLC raised its stake in Franco-Nevada by 5.9% during the 4th quarter. Hudson Value Partners LLC now owns 32,279 shares of the basic materials company's stock valued at $3,796,000 after acquiring an additional 1,790 shares in the last quarter. Adalta Capital Management LLC boosted its position in Franco-Nevada by 25.4% during the 4th quarter. Adalta Capital Management LLC now owns 13,216 shares of the basic materials company's stock worth $1,554,000 after acquiring an additional 2,677 shares during the period. Finally, USS Investment Management Ltd grew its stake in shares of Franco-Nevada by 446.1% in the fourth quarter. USS Investment Management Ltd now owns 53,518 shares of the basic materials company's stock worth $6,282,000 after purchasing an additional 43,718 shares in the last quarter. 77.06% of the stock is currently owned by institutional investors and hedge funds.
Franco-Nevada Company Profile
(
Get Free Report)
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.
Further Reading
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.
Before you consider Franco-Nevada, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Franco-Nevada wasn't on the list.
While Franco-Nevada currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Nuclear energy stocks are roaring. It's the hottest energy sector of the year. Cameco Corp, Paladin Energy, and BWX Technologies were all up more than 40% in 2024. The biggest market moves could still be ahead of us, and there are seven nuclear energy stocks that could rise much higher in the next several months. To unlock these tickers, enter your email address below.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
