StockNews.com Upgrades Franco-Nevada (NYSE:FNV) to Buy

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

Several other equities analysts have also commented on the stock. HC Wainwright reaffirmed a "buy" rating and set a $155.00 price target on shares of Franco-Nevada in a research report on Tuesday, January 28th. Scotiabank dropped their price objective on shares of Franco-Nevada from $142.00 to $141.00 and set a "sector perform" rating for the company in a research report on Friday, November 8th. Canaccord Genuity Group raised shares of Franco-Nevada from a "hold" rating to a "buy" rating in a research report on Monday, November 18th. Royal Bank of Canada increased their price objective on shares of Franco-Nevada from $145.00 to $155.00 and gave the stock a "sector perform" rating in a research report on Tuesday, February 11th. Finally, UBS Group started coverage on shares of Franco-Nevada in a research report on Monday, November 18th. They issued a "buy" rating and a $160.00 price objective for the company. Four analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $146.71.

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Franco-Nevada Price Performance

FNV stock traded up $0.69 on Friday, hitting $143.36. 926,716 shares of the company were exchanged, compared to its average volume of 612,666. Franco-Nevada has a twelve month low of $111.98 and a twelve month high of $146.70. The business's fifty day moving average is $133.31 and its two-hundred day moving average is $127.12. The stock has a market capitalization of $27.60 billion, a price-to-earnings ratio of -45.37, a price-to-earnings-growth ratio of 9.78 and a beta of 0.73.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the company. Towarzystwo Funduszy Inwestycyjnych Allianz Polska S.A. purchased a new position in shares of Franco-Nevada in the fourth quarter valued at $641,000. Public Employees Retirement System of Ohio boosted its stake in Franco-Nevada by 1.0% during 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 last quarter. Hudson Value Partners LLC boosted 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 during the last quarter. Adalta Capital Management LLC boosted its stake 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 valued at $1,554,000 after acquiring an additional 2,677 shares during the last quarter. Finally, USS Investment Management Ltd boosted its stake in Franco-Nevada by 446.1% during the 4th quarter. USS Investment Management Ltd now owns 53,518 shares of the basic materials company's stock valued at $6,282,000 after acquiring an additional 43,718 shares during the last quarter. 77.06% of the stock is currently owned by hedge funds and other institutional investors.

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.

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