Franco-Nevada (FNV) Stock Forecast & Price Target

C$167.98

-1.66 (-0.98%)

(As of 09/30/2024 ET)

Franco-Nevada - Analysts' Recommendations and Stock Price Forecast (2024)

MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0 to .5 = Strong Sell, .5 to 1 = Sell, 1 to 1.5 = Reduce, 1.5 to 2.5 = Hold, 2.5 to 3.0 = Moderate Buy, 3.0 to 3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.

Consensus Rating

Moderate Buy

Based on 9 Analyst Ratings

Sell
0

Hold
3

Buy
6

Based on 9 Wall Street analysts who have issued ratings for Franco-Nevada in the last 12 months, the stock has a consensus rating of "Moderate Buy." Out of the 9 analysts, 3 have given a hold rating, and 6 have given a buy rating for FNV.

Consensus Price Target

C$190.90
13.64% Upside

According to the 9 analysts' twelve-month price targets for Franco-Nevada, the average price target is C$190.90. The highest price target for FNV is C$265.00, while the lowest price target for FNV is C$139.00. The average price target represents a forecasted upside of 13.64% from the current price of C$167.98.

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FNV Analyst Ratings Over Time

Type	Current Forecast 10/1/23 to 9/30/24	1 Month Ago 9/1/23 to 8/31/24	3 Months Ago 7/3/23 to 7/2/24	1 Year Ago 10/1/22 to 10/1/23
Strong Buy	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)
Buy	6 Buy rating(s)	6 Buy rating(s)	5 Buy rating(s)	2 Buy rating(s)
Hold	3 Hold rating(s)	3 Hold rating(s)	3 Hold rating(s)	1 Hold rating(s)
Sell	0 Sell rating(s)	0 Sell rating(s)	0 Sell rating(s)	0 Sell rating(s)
Consensus Price Target	C$190.90	C$192.18	C$188.82	C$206.37
Forecasted Upside	13.64% Upside	16.79% Upside	15.82% Upside	13.81% Upside
Consensus Rating	Moderate Buy	Moderate Buy	Moderate Buy	Moderate Buy

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FNV Analyst Recommendations By Month

The chart below shows how a company's ratings by analysts have changed over time. Each bar represents the previous year of ratings for that month. Within each bar, the sell ratings are shown in red, the hold ratings are shown in yellow, the buy ratings are shown in green, and the strong buy ratings are shown in dark green.

FNV Price Targets by Month

The chart below shows how a company's share price and consensus price target have changed over time. The dark blue line represents the company's actual price. The lighter blue line represents the stock's consensus price target. The even lighter blue range in the background of the two lines represents the low price target and the high price target for each stock.

Franco-Nevada Stock vs. The Competition

Type	Franco-Nevada	Basic Materials Companies
Consensus Rating Score	2.67	2.72
Consensus Rating	Moderate Buy	Moderate Buy
News Sentiment Rating	Positive News See Recent FNV News	Neutral News

Recent Analyst Forecasts and Stock Ratings

Rating

Upside/Downside

Action

Time Frame

Start Date

End Date

Show

Export to Excel

Date	Brokerage	Analyst Name	Action	Rating	Price Target	Upside/Downside on Report Date
8/15/2024	TD Securities 4 of 5 stars	D. Ma Subscribe to MarketBeat All Access for the recommendation accuracy rating	Upgrade	Hold ➝ Buy
8/15/2024	National Bankshares 1 of 5 stars		Lower Target		C$200.00 ➝ C$195.00	+18.90%
7/23/2024	Canaccord Genuity Group 4 of 5 stars		Boost Target		C$177.00 ➝ C$190.00	+10.30%
7/16/2024	BMO Capital Markets Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Outperform	C$200.00 ➝ C$210.00	+17.80%
7/10/2024	CIBC Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target		C$250.00 ➝ C$265.00	+56.81%
5/3/2024	Raymond James Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Outperform	C$150.00 ➝ C$151.00	-9.90%
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4/22/2024	Eight Capital Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Buy	C$190.00 ➝ C$200.00	+23.53%
4/19/2024	Stifel Nicolaus Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Buy	C$182.00 ➝ C$196.00	+17.23%
4/12/2024	Veritas Investment Research Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target		C$149.00 ➝ C$173.00	+5.14%
4/9/2024	Bank of America Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target		C$186.00 ➝ C$190.00	+15.17%
3/7/2024	Scotiabank Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Sector Perform	C$141.00 ➝ C$139.00	-8.62%
9/25/2023	National Bank Financial Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target		C$215.00 ➝ C$205.00	+8.05%
10/17/2022	Barclays Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target		C$111.00	-32.18%

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Monday at 10:27 PM ET.

Should I Buy Franco-Nevada Stock? FNV Pros and Cons Explained

These pros and cons were generated based on recent news and financial data from MarketBeat in order to provide readers with the fastest and most accurate insights. They were last updated on Tuesday, September 3, 2024. Please send any questions or comments about these Franco-Nevada pros and cons to contact@marketbeat.com.

Franco-Nevada
Bull Case

Here are some ways that investors could benefit from investing in Franco-Nevada Co.:

Franco-Nevada has a very high quick ratio of 23.26 and a current ratio of 29.40, indicating strong liquidity and ability to cover short-term obligations easily.
The company recently increased its quarterly dividend to $0.497 per share, showing a commitment to rewarding shareholders and potentially attracting income-focused investors.
Insiders have been actively buying and selling shares, with recent transactions indicating confidence in the company's performance and potential growth.
The stock's 50-day simple moving average is C$167.56, slightly higher than the 200-day simple moving average of C$162.00, suggesting a positive short-term trend.
Franco-Nevada operates as a gold-focused royalty and streaming company in various regions, providing diversification benefits to investors interested in the precious metals sector.

Franco-Nevada
Bear Case

Investors should be bearish about investing in Franco-Nevada Co. for these reasons:

The company has a debt-to-equity ratio of 1.63, which may raise concerns about its financial leverage and ability to manage debt effectively.
Despite the increase in dividend, Franco-Nevada's payout ratio is currently -57.23%, indicating that the company may be paying out more in dividends than it is earning.
Insiders have been actively selling shares, with significant amounts being offloaded in recent months, potentially signaling a lack of confidence in the company's future prospects.
The stock's price has fluctuated between a 1-year low of C$139.19 and a 1-year high of C$198.00, indicating volatility that may not be suitable for all investors.
While Franco-Nevada operates in multiple regions, including South America and Central America, geopolitical risks in these areas could impact the company's operations and financial performance.

FNV Forecast - Frequently Asked Questions

: According to the research reports of 9 Wall Street equities research analysts, the average twelve-month stock price forecast for Franco-Nevada is C$190.90, with a high forecast of C$265.00 and a low forecast of C$139.00.
: 9 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Franco-Nevada in the last twelve months. There are currently 3 hold ratings and 6 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "moderate buy" FNV shares.
: According to analysts, Franco-Nevada's stock has a predicted upside of 13.64% based on their 12-month stock forecasts.
: Over the previous 90 days, Franco-Nevada's stock had 1 upgrade by analysts.
: Franco-Nevada has been rated by research analysts at BMO Capital Markets, Canaccord Genuity Group, CIBC, National Bankshares, and TD Securities in the past 90 days.
: Analysts like Franco-Nevada less than other "basic materials" companies. The consensus rating score for Franco-Nevada is 2.67 while the average consensus rating score for "basic materials" companies is 2.72. Learn more on how FNV compares to other companies.

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This page (TSE:FNV) was last updated on 9/30/2024 by MarketBeat.com Staff

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