Franco-Nevada (TSE:FNV) Price Target Raised to C$265.00

Franco-Nevada (TSE:FNV - Free Report) NYSE: FNV had its price objective raised by Stifel Nicolaus from C$220.00 to C$265.00 in a research note released on Monday morning,BayStreet.CA reports.

Several other equities research analysts have also recently weighed in on FNV. BMO Capital Markets upgraded Franco-Nevada to a "strong-buy" rating in a report on Wednesday, April 16th. National Bankshares dropped their price target on Franco-Nevada from C$220.00 to C$215.00 in a research note on Tuesday, March 11th. TD Securities downgraded shares of Franco-Nevada from a "buy" rating to a "hold" rating and set a C$152.00 price objective on the stock. in a research report on Tuesday, March 11th. Finally, CIBC raised their target price on shares of Franco-Nevada from C$260.00 to C$280.00 in a research report on Thursday, April 17th. Two analysts have rated the stock with a hold rating, one has given a buy rating and three have issued a strong buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of "Buy" and a consensus price target of C$209.00.

Franco-Nevada Stock Down 0.5 %

Shares of TSE:FNV traded down C$1.09 during midday trading on Monday, hitting C$236.50. 20,588 shares of the stock traded hands, compared to its average volume of 320,005. The stock has a market capitalization of C$32.09 billion, a PE ratio of -51.07, a P/E/G ratio of 5.00 and a beta of 0.68. Franco-Nevada has a one year low of C$156.31 and a one year high of C$245.55. The business's 50 day moving average is C$217.17 and its two-hundred day moving average is C$191.64.

Insider Buying and Selling at Franco-Nevada

In related news, Senior Officer Lena Miller sold 1,700 shares of the firm's stock in a transaction that occurred on Wednesday, March 12th. The stock was sold at an average price of C$210.37, for a total transaction of C$357,620.50. Also, Director Boris De Vries sold 500 shares of Franco-Nevada stock in a transaction on Thursday, March 13th. The shares were sold at an average price of C$217.08, for a total value of C$108,540.35. Over the last 90 days, insiders sold 16,054 shares of company stock valued at $3,563,292. 0.69% of the stock is currently owned by company insiders.

About Franco-Nevada

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.