Franco-Nevada Co. (TSE:FNV) Given Consensus Rating of “Buy” by Brokerages

Franco-Nevada Co. (TSE:FNV) (NYSE:FNV) has received an average recommendation of “Buy” from the eight research firms that are presently covering the firm, Marketbeat Ratings reports. Two equities research analysts have rated the stock with a hold recommendation, four have given a buy recommendation and two have issued a strong buy recommendation on the company. The average 12-month price target among analysts that have issued a report on the stock in the last year is C$194.10.

A number of equities analysts have recently issued reports on the stock. CIBC upped their target price on shares of Franco-Nevada from C$235.00 to C$245.00 in a research report on Monday, December 2nd. National Bankshares dropped their price target on shares of Franco-Nevada from C$220.00 to C$215.00 in a research note on Tuesday, March 11th. TD Securities downgraded shares of Franco-Nevada from a “buy” rating to a “hold” rating and set a C$152.00 price target for the company. in a research note on Tuesday, March 11th. Canaccord Genuity Group dropped their price target on shares of Franco-Nevada from C$198.00 to C$190.00 and set a “strong-buy” rating for the company in a research note on Monday, November 18th. Finally, UBS Group raised shares of Franco-Nevada to a “strong-buy” rating in a research note on Monday, November 18th.

Insider Buying and Selling at Franco-Nevada

In other news, Senior Officer Lena Miller sold 1,700 shares of the stock in a transaction on Wednesday, March 12th. The shares were sold at an average price of C$210.37, for a total transaction of C$357,620.50. Also, Director Boris De Vries sold 500 shares of the stock in a transaction on Thursday, March 13th. The stock was sold at an average price of C$217.08, for a total transaction of C$108,540.35. Insiders own 0.69% of the company’s stock.

Franco-Nevada Trading Up 1.7 %

Shares of FNV stock opened at C$220.26 on Tuesday. Franco-Nevada has a 1 year low of C$153.65 and a 1 year high of C$221.06. The firm’s 50 day moving average is C$196.24 and its 200-day moving average is C$179.61. The firm has a market capitalization of C$29.89 billion, a price-to-earnings ratio of -47.57, a PEG ratio of 5.00 and a beta of 0.68.

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.