Franco-Nevada (TSE:FNV) PT Raised to C$173.00 at Veritas Investment Research

Franco-Nevada (TSE:FNV) (NYSE:FNV) had its price objective upped by analysts at Veritas Investment Research from C$149.00 to C$173.00 in a report issued on Friday, BayStreet.CA reports. Veritas Investment Research’s price objective indicates a potential upside of 5.22% from the stock’s previous close.

A number of other brokerages also recently commented on FNV. National Bankshares reduced their target price on shares of Franco-Nevada from C$172.50 to C$170.00 and set a “sector perform” rating on the stock in a research note on Thursday, March 7th. Stifel Nicolaus dropped their price target on shares of Franco-Nevada from C$186.00 to C$182.00 in a research report on Friday, January 26th. Scotiabank dropped their price target on shares of Franco-Nevada from C$141.00 to C$139.00 and set a “sector perform” rating for the company in a research report on Thursday, March 7th. Bank of America lifted their price target on shares of Franco-Nevada from C$186.00 to C$190.00 in a research report on Tuesday. Finally, Raymond James dropped their price target on shares of Franco-Nevada from C$146.00 to C$138.00 and set an “outperform” rating for the company in a research report on Thursday, March 7th. Three equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of C$184.00.

Franco-Nevada Price Performance

Shares of TSE:FNV traded down C$1.55 during midday trading on Friday, hitting C$164.41. The company’s stock had a trading volume of 225,450 shares, compared to its average volume of 378,809. The business’s 50 day simple moving average is C$152.54 and its 200 day simple moving average is C$158.25. The company has a debt-to-equity ratio of 1.63, a quick ratio of 23.26 and a current ratio of 41.21. The company has a market cap of C$31.60 billion, a P/E ratio of -49.71, a price-to-earnings-growth ratio of 5.00 and a beta of 0.59. Franco-Nevada has a 12-month low of C$139.19 and a 12-month high of C$217.70.

Franco-Nevada (TSE:FNV) (NYSE:FNV) last posted its quarterly earnings results on Tuesday, March 5th. The company reported C$1.23 earnings per share for the quarter, topping the consensus estimate of C$1.07 by C$0.16. Franco-Nevada had a negative net margin of 38.33% and a negative return on equity of 7.65%. The firm had revenue of C$412.95 million for the quarter. On average, analysts forecast that Franco-Nevada will post 4.2207264 EPS for the current year.

Insider Activity at Franco-Nevada

In related news, Director Paul Brink sold 3,445 shares of Franco-Nevada stock in a transaction that occurred on Thursday, March 21st. The shares were sold at an average price of C$158.93, for a total value of C$547,513.85. In other Franco-Nevada news, Senior Officer Sandip Rana sold 10,749 shares of the company’s stock in a transaction on Thursday, March 21st. The shares were sold at an average price of C$160.29, for a total transaction of C$1,722,952.91. Also, Director Paul Brink sold 3,445 shares of the company’s stock in a transaction on Thursday, March 21st. The stock was sold at an average price of C$158.93, for a total transaction of C$547,513.85. Over the last quarter, insiders sold 16,839 shares of company stock worth $2,686,396. Corporate insiders own 0.18% of the company’s stock.

About Franco-Nevada

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.