UBS Group Issues Positive Forecast for Franco-Nevada (NYSE:FNV) Stock Price

Franco-Nevada (NYSE:FNV - Get Free Report) TSE: FNV had its price target raised by equities researchers at UBS Group from $170.00 to $190.00 in a research note issued to investors on Friday,Benzinga reports. The firm currently has a "buy" rating on the basic materials company's stock. UBS Group's price target would suggest a potential upside of 14.37% from the stock's previous close.

FNV has been the topic of a number of other research reports. Royal Bank of Canada raised their price objective on shares of Franco-Nevada from $145.00 to $155.00 and gave the stock a "sector perform" rating in a report on Tuesday, February 11th. Scotiabank boosted their price target on shares of Franco-Nevada from $145.00 to $150.00 and gave the company a "sector perform" rating in a research report on Tuesday, March 11th. StockNews.com upgraded shares of Franco-Nevada from a "hold" rating to a "buy" rating in a research note on Monday, April 7th. TD Securities cut Franco-Nevada from a "buy" rating to a "hold" rating and set a $152.00 target price on the stock. in a research report on Tuesday, March 11th. Finally, National Bankshares reissued a "sector perform" rating on shares of Franco-Nevada in a research report on Wednesday, April 2nd. Six research analysts have rated the stock with a hold rating and seven have given a buy rating to the company's stock. According to MarketBeat.com, Franco-Nevada currently has an average rating of "Moderate Buy" and a consensus target price of $160.38.

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Franco-Nevada Trading Up 5.5 %

Shares of FNV stock traded up $8.65 on Friday, reaching $166.13. 2,125,418 shares of the stock were exchanged, compared to its average volume of 684,077. The company has a market capitalization of $31.99 billion, a price-to-earnings ratio of -52.57, a PEG ratio of 9.78 and a beta of 0.68. The business's 50 day moving average price is $147.54 and its 200 day moving average price is $132.76. Franco-Nevada has a twelve month low of $112.70 and a twelve month high of $167.36.

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 positive return on equity of 10.55% and a negative net margin of 55.28%. The business had revenue of $321.00 million during the quarter, compared to analysts' expectations of $304.33 million. During the same period in the prior year, the firm posted $0.90 EPS. The business's quarterly revenue was up 5.8% compared to the same quarter last year. Equities research analysts forecast that Franco-Nevada will post 3.09 earnings per share for the current year.

Institutional Trading of Franco-Nevada

Several hedge funds and other institutional investors have recently made changes to their positions in FNV. Nexus Investment Management ULC acquired a new stake in Franco-Nevada in the first quarter valued at about $35,000. Versant Capital Management Inc purchased a new position in shares of Franco-Nevada during the 1st quarter worth approximately $55,000. Laurel Wealth Advisors LLC acquired a new stake in shares of Franco-Nevada in the 4th quarter valued at approximately $47,000. Physician Wealth Advisors Inc. purchased a new stake in shares of Franco-Nevada in the fourth quarter valued at approximately $49,000. Finally, Harbour Investments Inc. grew its holdings in Franco-Nevada by 25.8% during the fourth quarter. Harbour Investments Inc. now owns 453 shares of the basic materials company's stock worth $53,000 after acquiring an additional 93 shares during the period. Hedge funds and other institutional investors own 77.06% 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.