Franco Nevada (NYSE:FNV) (TSE:FNV) had its price target hoisted by equities research analysts at Deutsche Bank from $81.00 to $88.00 in a research report issued on Wednesday, BenzingaRatingsTable reports. The firm currently has a “hold” rating on the basic materials company’s stock. Deutsche Bank’s target price suggests a potential downside of 5.60% from the company’s current price.

Other equities analysts have also issued research reports about the stock. GMP Securities lowered shares of Franco Nevada from a “buy” rating to a “hold” rating in a research report on Tuesday, July 23rd. Raymond James raised their price objective on shares of Franco Nevada from $98.00 to $100.00 and gave the company an “outperform” rating in a research report on Friday, August 9th. Credit Suisse Group lifted their price target on shares of Franco Nevada from $84.00 to $95.00 and gave the company a “neutral” rating in a research report on Thursday, August 8th. Barclays set a $89.00 price target on shares of Franco Nevada and gave the company a “hold” rating in a research report on Friday, July 19th. Finally, Royal Bank of Canada lowered shares of Franco Nevada from an “outperform” rating to a “sector perform” rating and set a $75.54 price target on the stock. in a research report on Wednesday, May 22nd. Ten investment analysts have rated the stock with a hold rating and two have given a buy rating to the stock. The stock has an average rating of “Hold” and a consensus target price of $96.62.

FNV traded down $0.07 during midday trading on Wednesday, hitting $93.22. 18,151 shares of the company’s stock traded hands, compared to its average volume of 546,245. The stock has a market capitalization of $17.55 billion, a P/E ratio of 79.68, a PEG ratio of 16.05 and a beta of 0.06. The company’s fifty day moving average price is $88.04. The company has a current ratio of 2.67, a quick ratio of 2.67 and a debt-to-equity ratio of 0.06. Franco Nevada has a one year low of $58.26 and a one year high of $96.49.

Franco Nevada (NYSE:FNV) (TSE:FNV) last issued its quarterly earnings data on Wednesday, August 7th. The basic materials company reported $0.34 earnings per share for the quarter, beating the consensus estimate of $0.31 by $0.03. The firm had revenue of $170.50 million for the quarter, compared to analyst estimates of $175.55 million. Franco Nevada had a net margin of 22.42% and a return on equity of 4.83%. The company’s revenue for the quarter was up 5.7% on a year-over-year basis. During the same quarter last year, the firm earned $0.29 earnings per share. On average, equities analysts forecast that Franco Nevada will post 1.46 earnings per share for the current fiscal year.

Large investors have recently added to or reduced their stakes in the company. AlphaCrest Capital Management LLC boosted its stake in shares of Franco Nevada by 27.7% in the 1st quarter. AlphaCrest Capital Management LLC now owns 12,597 shares of the basic materials company’s stock worth $945,000 after buying an additional 2,732 shares during the last quarter. Swiss National Bank raised its holdings in Franco Nevada by 3.0% in the 1st quarter. Swiss National Bank now owns 1,466,700 shares of the basic materials company’s stock valued at $109,996,000 after acquiring an additional 42,600 shares during the last quarter. Addenda Capital Inc. raised its holdings in Franco Nevada by 24.3% in the 2nd quarter. Addenda Capital Inc. now owns 364,581 shares of the basic materials company’s stock valued at $31,011,000 after acquiring an additional 71,160 shares during the last quarter. Cerebellum GP LLC acquired a new position in Franco Nevada in the 1st quarter valued at $320,000. Finally, Parametric Portfolio Associates LLC raised its holdings in Franco Nevada by 9.2% in the 1st quarter. Parametric Portfolio Associates LLC now owns 109,119 shares of the basic materials company’s stock valued at $8,189,000 after acquiring an additional 9,175 shares during the last quarter. 65.41% of the stock is currently owned by institutional investors.

Franco Nevada Company Profile

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 (NYSE:FNV)

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