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

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

FNV has been the topic of several other research reports. BMO Capital Markets raised shares of Franco-Nevada to a “strong-buy” rating in a report on Wednesday. National Bankshares reduced their price objective on Franco-Nevada from C$220.00 to C$215.00 in a research note on Tuesday, March 11th. Finally, TD Securities lowered Franco-Nevada from a “buy” rating to a “hold” rating and set a C$152.00 target price for the company. in a research note on Tuesday, March 11th. Two equities research analysts have rated the stock with a hold rating, three have given a buy rating and three have assigned a strong buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Buy” and a consensus price target of C$201.63.

Franco-Nevada Price Performance

TSE:FNV opened at C$236.93 on Thursday. Franco-Nevada has a 1-year low of C$156.31 and a 1-year high of C$242.86. The business has a 50 day moving average of C$213.45 and a 200 day moving average of C$189.40. The company has a market capitalization of C$32.15 billion, a price-to-earnings ratio of -51.17, a PEG ratio of 5.00 and a beta of 0.68.

Insider Buying and Selling

In related news, Director Paul Brink sold 5,448 shares of Franco-Nevada stock in a transaction on Tuesday, March 25th. The shares were sold at an average price of C$223.81, for a total value of C$1,219,335.40. Also, Director Boris De Vries sold 500 shares of the company’s 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 have sold 16,054 shares of company stock valued at $3,563,292 over the last ninety days. 0.69% of the stock is owned by 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.