Franco-Nevada (TSE:FNV) Upgraded by BMO Capital Markets to “Strong-Buy” Rating

Franco-Nevada (TSE:FNV) (NYSE:FNV) was upgraded by investment analysts at BMO Capital Markets to a “strong-buy” rating in a report issued on Wednesday,Zacks.com reports.

A number of other research firms have also recently weighed in on FNV. TD Securities cut Franco-Nevada from a “buy” rating to a “hold” rating and set a C$152.00 price target for the company. in a report on Tuesday, March 11th. National Bankshares decreased their target price on Franco-Nevada from C$220.00 to C$215.00 in a report on Tuesday, March 11th. Two investment analysts have rated the stock with a hold rating, three have issued a buy rating and three have given a strong buy rating to the company’s stock. According to MarketBeat.com, Franco-Nevada has an average rating of “Buy” and an average price target of C$201.63.

Franco-Nevada Trading Down 1.1 %

Shares of Franco-Nevada stock opened at C$236.93 on Wednesday. Franco-Nevada has a 1-year low of C$156.31 and a 1-year high of C$242.86. The firm’s 50-day moving average price is C$213.45 and its two-hundred day moving average price is C$189.40. The stock has a market capitalization of C$32.15 billion, a price-to-earnings ratio of -51.17, a P/E/G ratio of 5.00 and a beta of 0.68.

Insider Buying and Selling at Franco-Nevada

In related news, Senior Officer Christopher Bell sold 731 shares of the stock in a transaction that occurred on Tuesday, March 25th. The shares were sold at an average price of C$224.94, for a total value of C$164,432.82. Also, Director Boris De Vries sold 500 shares of Franco-Nevada 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. In the last ninety days, insiders have sold 16,054 shares of company stock worth $3,563,292. 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.