Eight Capital Boosts Franco-Nevada (TSE:FNV) Price Target to C$200.00

Franco-Nevada (TSE:FNV) (NYSE:FNV) had its price objective raised by analysts at Eight Capital from C$190.00 to C$200.00 in a research report issued to clients and investors on Monday, BayStreet.CA reports. The brokerage currently has a “buy” rating on the stock. Eight Capital’s price target would suggest a potential upside of 22.64% from the stock’s current price.

Several other research firms have also weighed in on FNV. Veritas Investment Research lifted their target price on Franco-Nevada from C$149.00 to C$173.00 in a report on Friday, April 12th. Scotiabank reduced their target price on Franco-Nevada from C$141.00 to C$139.00 and set a “sector perform” rating on the stock in a report on Thursday, March 7th. Bank of America lifted their target price on Franco-Nevada from C$186.00 to C$190.00 in a report on Tuesday, April 9th. National Bankshares reduced their target price on Franco-Nevada from C$172.50 to C$170.00 and set a “sector perform” rating on the stock in a report on Thursday, March 7th. Finally, Stifel Nicolaus lifted their target price on Franco-Nevada from C$182.00 to C$196.00 and gave the stock a “buy” rating in a report on Friday, April 19th. Three research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of C$187.50.

Franco-Nevada Stock Up 0.7 %

Shares of Franco-Nevada stock opened at C$163.08 on Monday. The company has a quick ratio of 23.26, a current ratio of 41.21 and a debt-to-equity ratio of 1.63. Franco-Nevada has a 12 month low of C$139.19 and a 12 month high of C$217.70. The business has a fifty day simple moving average of C$155.54 and a 200 day simple moving average of C$157.03. The stock has a market cap of C$31.34 billion, a PE ratio of -48.97, a price-to-earnings-growth ratio of 5.00 and a beta of 0.63.

Franco-Nevada (TSE:FNV) (NYSE:FNV) last announced its quarterly earnings data on Tuesday, March 5th. The company reported C$1.23 EPS for the quarter, topping analysts’ consensus estimates of C$1.07 by C$0.16. Franco-Nevada had a negative return on equity of 7.65% and a negative net margin of 38.33%. The business had revenue of C$412.95 million during the quarter. Research analysts predict that Franco-Nevada will post 4.2780116 EPS for the current year.

Insider Buying and Selling

In related news, Senior Officer Eaun Harrison Gray sold 330 shares of the company’s stock in a transaction dated Monday, March 25th. The stock was sold at an average price of C$156.69, for a total transaction of C$51,707.70. In other Franco-Nevada news, Director Paul Brink sold 3,445 shares of the business’s stock in a transaction that occurred on Thursday, March 21st. The stock was sold at an average price of C$158.93, for a total transaction of C$547,513.85. Also, Senior Officer Eaun Harrison Gray sold 330 shares of the business’s stock in a transaction that occurred on Monday, March 25th. The stock was sold at an average price of C$156.69, for a total value of C$51,707.70. Over the last quarter, insiders have sold 16,839 shares of company stock worth $2,686,396. Corporate insiders own 0.69% of the company’s stock.

Franco-Nevada Company Profile

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.