Franco-Nevada (TSE:FNV) Price Target Raised to C$215.00

Franco-Nevada (TSE:FNV - Get Free Report) NYSE: FNV had its price target boosted by investment analysts at Stifel Nicolaus from C$200.00 to C$215.00 in a report released on Monday, BayStreet.CA reports. Stifel Nicolaus' target price points to a potential upside of 17.11% from the company's current price.

Several other equities research analysts also recently issued reports on the company. TD Securities upgraded Franco-Nevada from a "hold" rating to a "buy" rating in a report on Thursday, August 15th. CIBC lifted their price target on Franco-Nevada from C$250.00 to C$265.00 in a research report on Wednesday, July 10th. BMO Capital Markets increased their price objective on Franco-Nevada from C$200.00 to C$210.00 and gave the stock an "outperform" rating in a research report on Tuesday, July 16th. Canaccord Genuity Group upped their target price on shares of Franco-Nevada from C$177.00 to C$190.00 in a research report on Tuesday, July 23rd. Finally, National Bankshares cut their price objective on shares of Franco-Nevada from C$200.00 to C$195.00 in a research note on Thursday, August 15th. Three investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of C$192.80.

Franco-Nevada Price Performance

Shares of TSE:FNV traded up C$1.13 during trading on Monday, hitting C$183.59. 300,664 shares of the company were exchanged, compared to its average volume of 330,476. The company has a quick ratio of 23.26, a current ratio of 29.11 and a debt-to-equity ratio of 1.63. The company has a market capitalization of C$35.33 billion, a P/E ratio of -44.01, a price-to-earnings-growth ratio of 5.00 and a beta of 0.68. Franco-Nevada has a 1-year low of C$139.19 and a 1-year high of C$193.01. The business's 50 day moving average is C$167.69 and its 200-day moving average is C$167.39.

Franco-Nevada (TSE:FNV - Get Free Report) NYSE: FNV last released its earnings results on Tuesday, August 13th. The company reported C$1.03 earnings per share for the quarter, missing analysts' consensus estimates of C$1.07 by C($0.04). Franco-Nevada had a negative net margin of 51.92% and a negative return on equity of 9.32%. The firm had revenue of C$355.88 million for the quarter. Equities analysts forecast that Franco-Nevada will post 3.1114111 earnings per share for the current year.

Insiders Place Their Bets

In related news, Director Nicholas Hugo Housby Dryland acquired 805 shares of the stock in a transaction dated Monday, September 16th. The shares were purchased at an average cost of C$168.95 per share, with a total value of C$136,001.53. Following the transaction, the director now directly owns 805 shares in the company, valued at approximately C$136,001.53. Company insiders own 0.69% of the company's stock.

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.