Franco-Nevada (NYSE:FNV) PT Raised to $129.00 at Jefferies Financial Group

Franco-Nevada (NYSE:FNV) (TSE:FNV) had its price objective hoisted by stock analysts at Jefferies Financial Group from $117.00 to $129.00 in a research report issued on Monday, BayStreet.CA reports. The brokerage currently has a “hold” rating on the basic materials company’s stock. Jefferies Financial Group’s target price suggests a potential upside of 8.06% from the stock’s current price.

FNV has been the topic of several other reports. Raymond James raised their price objective on Franco-Nevada from $138.00 to $141.00 and gave the company an “outperform” rating in a research report on Thursday, April 11th. Bank of America lowered their price objective on shares of Franco-Nevada from $138.00 to $136.00 and set a “buy” rating for the company in a research report on Monday, March 18th. TheStreet lowered Franco-Nevada from a “c+” rating to a “d+” rating in a research report on Tuesday, March 5th. Finally, Scotiabank lifted their price target on Franco-Nevada from $139.00 to $140.00 and gave the company a “sector perform” rating in a report on Thursday, April 18th. Six research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $148.60.

Franco-Nevada Trading Up 1.0 %

Shares of FNV stock opened at $119.38 on Monday. The company has a market capitalization of $22.96 billion, a price-to-earnings ratio of -49.13, a PEG ratio of 6.66 and a beta of 0.71. The firm has a 50-day moving average price of $114.55 and a 200 day moving average price of $115.81. Franco-Nevada has a twelve month low of $102.29 and a twelve month high of $161.25.

Franco-Nevada (NYSE:FNV) (TSE:FNV) last released its earnings results on Tuesday, March 5th. The basic materials company reported $0.90 earnings per share for the quarter, topping the consensus estimate of $0.80 by $0.10. The firm had revenue of $303.30 million for the quarter. Franco-Nevada had a positive return on equity of 10.61% and a negative net margin of 38.26%. As a group, research analysts predict that Franco-Nevada will post 2.76 earnings per share for the current year.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the business. VisionPoint Advisory Group LLC purchased a new position in Franco-Nevada during the 3rd quarter valued at about $30,000. Castleview Partners LLC purchased a new position in shares of Franco-Nevada during the 3rd quarter valued at $33,000. Creative Financial Designs Inc. ADV acquired a new stake in Franco-Nevada during the fourth quarter valued at $34,000. Allworth Financial LP grew its stake in Franco-Nevada by 5,750.0% in the fourth quarter. Allworth Financial LP now owns 351 shares of the basic materials company’s stock valued at $39,000 after purchasing an additional 345 shares in the last quarter. Finally, Fortis Group Advisors LLC raised its stake in shares of Franco-Nevada by 100.0% during the 4th quarter. Fortis Group Advisors LLC now owns 352 shares of the basic materials company’s stock worth $39,000 after purchasing an additional 176 shares in the last quarter. 77.06% of the stock is owned by institutional investors and hedge funds.

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.