Franco-Nevada (TSE:FNV) Price Target Raised to C$280.00

Franco-Nevada (TSE:FNV) (NYSE:FNV) had its price objective hoisted by CIBC from C$260.00 to C$280.00 in a research report report published on Thursday morning,BayStreet.CA reports.

FNV has been the subject of a number of other research reports. TD Securities lowered Franco-Nevada from a “buy” rating to a “hold” rating and set a C$152.00 price target for the company. in a research report on Tuesday, March 11th. BMO Capital Markets upgraded shares of Franco-Nevada to a “strong-buy” rating in a report on Wednesday. Finally, National Bankshares cut their price target on shares of Franco-Nevada from C$220.00 to C$215.00 in a report on Tuesday, March 11th. Two analysts have rated the stock with a hold rating, two have given a buy rating and three have given a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus price target of C$201.63.

Franco-Nevada Stock Performance

Franco-Nevada stock opened at C$236.93 on Thursday. The firm has a market cap of C$32.15 billion, a price-to-earnings ratio of -51.17, a price-to-earnings-growth ratio of 5.00 and a beta of 0.68. 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$214.11 and its two-hundred day moving average price is C$189.96.

Insiders Place Their Bets

In other news, Director Paul Brink sold 5,448 shares of Franco-Nevada stock in a transaction dated Tuesday, March 25th. The stock was sold at an average price of C$223.81, for a total transaction of C$1,219,335.40. Also, Senior Officer Christopher Bell sold 731 shares of the stock in a transaction that occurred on Tuesday, March 25th. The stock was sold at an average price of C$224.94, for a total value of C$164,432.82. Insiders sold a total of 16,054 shares of company stock worth $3,563,292 in the last quarter. 0.69% of the stock is currently owned by corporate insiders.

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.