Franco Nevada (TSE:FNV) (NYSE:FNV) had its price objective lifted by investment analysts at BMO Capital Markets from C$110.00 to C$130.00 in a research note issued on Wednesday, BayStreet.CA reports. BMO Capital Markets’ target price would indicate a potential upside of 4.18% from the stock’s previous close.

FNV has been the topic of several other research reports. Canaccord Genuity raised their price objective on shares of Franco Nevada from C$125.00 to C$127.00 in a research report on Friday, July 19th. Eight Capital lowered shares of Franco Nevada from a “buy” rating to a “neutral” rating and upped their target price for the stock from C$110.00 to C$125.00 in a research report on Thursday, August 8th. Bank of America upped their target price on shares of Franco Nevada from C$128.50 to C$133.00 in a research report on Friday, August 16th. CIBC increased their target price on Franco Nevada from C$120.00 to C$125.00 in a research note on Monday, July 15th. Finally, National Bank Financial raised their price target on Franco Nevada from C$127.50 to C$130.00 and gave the company a “sector perform” rating in a research report on Thursday, August 8th. Five analysts have rated the stock with a hold rating, The company has a consensus rating of “Hold” and a consensus price target of C$125.50.

Shares of TSE FNV traded up C$0.96 during midday trading on Wednesday, hitting C$124.78. 379,917 shares of the company’s stock were exchanged, compared to its average volume of 522,194. The company has a current ratio of 2.67, a quick ratio of 2.49 and a debt-to-equity ratio of 9.06. The business’s fifty day moving average price is C$124.22 and its two-hundred day moving average price is C$108.17. The company has a market cap of $23.16 billion and a price-to-earnings ratio of 154.94. Franco Nevada has a 12-month low of C$76.57 and a 12-month high of C$133.92.

Franco Nevada (TSE:FNV) (NYSE:FNV) last announced its earnings results on Wednesday, August 7th. The company reported C$0.46 earnings per share for the quarter, beating analysts’ consensus estimates of C$0.40 by C$0.06. The company had revenue of C$228.07 million during the quarter, compared to analysts’ expectations of C$229.91 million. Equities analysts expect that Franco Nevada will post 1.7999999 earnings per share for the current fiscal year.

In related news, Senior Officer Philip Dane Wilson sold 8,000 shares of Franco Nevada stock in a transaction on Monday, June 17th. The shares were sold at an average price of C$106.00, for a total value of C$848,000.00. Following the transaction, the insider now owns 11,139 shares in the company, valued at approximately C$1,180,734. Also, Senior Officer Sandip Rana sold 10,000 shares of the business’s stock in a transaction on Thursday, June 20th. The stock was sold at an average price of C$111.27, for a total transaction of C$1,112,660.00. Following the completion of the sale, the insider now directly owns 34,750 shares of the company’s stock, valued at C$3,866,493.50. In the last ninety days, insiders sold 98,914 shares of company stock valued at $11,947,443.

About Franco Nevada

Franco-Nevada Corporation operates as a gold-focused royalty and stream company in the United States, Canada, Latin America, Australia, and Africa. It also holds interests in silver and platinum group metals; and oil, gas, and natural gas liquids. The company was incorporated in 2007 and is headquartered in Toronto, Canada.

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Analyst Recommendations for Franco Nevada (TSE:FNV)

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