Franco-Nevada (NYSE:FNV) Rating Reiterated by HC Wainwright

Franco-Nevada (NYSE:FNV – Get Rating) (TSE:FNV)‘s stock had its “buy” rating reaffirmed by HC Wainwright in a research note issued to investors on Friday, Benzinga reports. They currently have a $145.00 target price on the basic materials company’s stock. HC Wainwright’s price target would indicate a potential upside of 1.05% from the stock’s current price.

A number of other equities research analysts also recently commented on FNV. CIBC lifted their target price on shares of Franco-Nevada from C$230.00 to C$240.00 in a research report on Tuesday, February 7th. Stifel Nicolaus downgraded shares of Franco-Nevada from a “buy” rating to a “hold” rating in a research report on Friday, January 20th. Barclays boosted their price objective on shares of Franco-Nevada from $111.00 to $115.00 and gave the company an “underweight” rating in a research report on Monday, January 30th. StockNews.com assumed coverage on shares of Franco-Nevada in a research report on Thursday. They set a “hold” rating for the company. Finally, Raymond James cut their price objective on shares of Franco-Nevada from $167.00 to $158.00 and set an “outperform” rating for the company in a research report on Friday, February 24th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and four have assigned a buy rating to the company. According to MarketBeat, Franco-Nevada presently has a consensus rating of “Hold” and a consensus price target of $166.43.

Franco-Nevada Trading Up 4.9 %

NYSE:FNV opened at $143.50 on Friday. Franco-Nevada has a 12 month low of $109.70 and a 12 month high of $169.32. The company has a market cap of $27.54 billion, a PE ratio of 39.32, a price-to-earnings-growth ratio of 9.78 and a beta of 0.69. The company has a 50 day simple moving average of $138.46 and a two-hundred day simple moving average of $132.58.

Franco-Nevada (NYSE:FNV – Get Rating) (TSE:FNV) last posted its earnings results on Wednesday, March 15th. The basic materials company reported $0.86 EPS for the quarter, topping analysts’ consensus estimates of $0.85 by $0.01. Franco-Nevada had a net margin of 53.25% and a return on equity of 11.20%. The business had revenue of $320.40 million during the quarter, compared to the consensus estimate of $307.88 million. During the same quarter in the previous year, the firm posted $0.86 EPS. The firm’s revenue was down 2.2% on a year-over-year basis. Research analysts forecast that Franco-Nevada will post 3.45 earnings per share for the current year.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of FNV. Mach 1 Financial Group LLC purchased a new stake in Franco-Nevada in the 3rd quarter worth $25,000. Guardian Wealth Advisors LLC purchased a new stake in Franco-Nevada in the 3rd quarter worth $25,000. Cumberland Partners Ltd purchased a new stake in Franco-Nevada in the 4th quarter worth $27,000. James Investment Research Inc. purchased a new stake in Franco-Nevada in the 4th quarter worth $28,000. Finally, Western Pacific Wealth Management LP purchased a new stake in Franco-Nevada in the 4th quarter worth $35,000. Hedge funds and other institutional investors own 66.69% of the company’s stock.

Franco-Nevada Company Profile

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Franco-Nevada Corp. engages in the management of gold-focused royalties and streams portfolio. It provides investors with gold price and exploration optionality while limiting exposure to many of the risks of operating companies. The company was founded in 1983 and is headquartered in Toronto, Canada.