Franco-Nevada (NYSE:FNV) Now Covered by UBS Group

Research analysts at UBS Group initiated coverage on shares of Franco-Nevada (NYSE:FNV - Get Free Report) TSE: FNV in a research note issued on Monday, Marketbeat reports. The brokerage set a "buy" rating and a $160.00 price target on the basic materials company's stock. UBS Group's price objective points to a potential upside of 35.07% from the company's previous close.

FNV has been the subject of several other research reports. Canaccord Genuity Group upgraded shares of Franco-Nevada from a "hold" rating to a "buy" rating in a research report on Monday. Canaccord Genuity Group raised shares of Franco-Nevada from a "hold" rating to a "buy" rating in a report on Monday. TD Cowen raised shares of Franco-Nevada from a "hold" rating to a "buy" rating in a report on Thursday, August 15th. TD Securities raised shares of Franco-Nevada from a "hold" rating to a "buy" rating in a report on Thursday, August 15th. Finally, Jefferies Financial Group lowered their price target on shares of Franco-Nevada from $137.00 to $136.00 and set a "hold" rating on the stock in a report on Thursday, October 17th. Four analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company's stock. According to MarketBeat, Franco-Nevada has a consensus rating of "Moderate Buy" and an average target price of $157.00.

Franco-Nevada Price Performance

Shares of Franco-Nevada stock traded up $4.51 during trading on Monday, reaching $118.46. 739,045 shares of the company traded hands, compared to its average volume of 664,002. Franco-Nevada has a 1-year low of $102.29 and a 1-year high of $137.60. The company has a 50 day moving average price of $126.21 and a 200-day moving average price of $123.96. The firm has a market capitalization of $22.80 billion, a PE ratio of -36.93, a P/E/G ratio of 19.22 and a beta of 0.75.

Franco-Nevada (NYSE:FNV - Get Free Report) TSE: FNV last released its quarterly earnings data on Wednesday, November 6th. The basic materials company reported $0.80 earnings per share for the quarter, missing the consensus estimate of $0.83 by ($0.03). Franco-Nevada had a positive return on equity of 10.55% and a negative net margin of 55.28%. The business had revenue of $275.70 million for the quarter, compared to analyst estimates of $279.11 million. During the same quarter in the previous year, the company posted $0.91 EPS. The business's quarterly revenue was down 10.9% on a year-over-year basis. Equities research analysts expect that Franco-Nevada will post 3.22 earnings per share for the current year.

Institutional Investors Weigh In On Franco-Nevada

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Mechanics Financial Corp boosted its stake in shares of Franco-Nevada by 150.0% in the 2nd quarter. Mechanics Financial Corp now owns 250 shares of the basic materials company's stock valued at $30,000 after purchasing an additional 150 shares in the last quarter. Mather Group LLC. bought a new stake in Franco-Nevada in the 2nd quarter worth $33,000. Kings Path Partners LLC purchased a new position in shares of Franco-Nevada in the second quarter valued at about $36,000. Sunbelt Securities Inc. increased its holdings in Franco-Nevada by 3,333.3% during the 2nd quarter. Sunbelt Securities Inc. now owns 412 shares of the basic materials company's stock valued at $49,000 after purchasing an additional 400 shares during the period. Finally, Hillsdale Investment Management Inc. grew its position in shares of Franco-Nevada by 33.3% in the 1st quarter. Hillsdale Investment Management Inc. now owns 440 shares of the basic materials company's stock worth $52,000 after buying an additional 110 shares during the last quarter. 77.06% of the stock is owned by hedge funds and other institutional investors.

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.