Eight Capital Raises Franco-Nevada (TSE:FNV) Price Target to C$200.00

Franco-Nevada (TSE:FNV) (NYSE:FNV) had its price objective upped by stock analysts at Eight Capital from C$190.00 to C$200.00 in a report released on Monday, BayStreet.CA reports. The firm presently has a “buy” rating on the stock. Eight Capital’s price objective would indicate a potential upside of 23.38% from the stock’s current price.

FNV has been the topic of several other research reports. BMO Capital Markets lowered their price objective on shares of Franco-Nevada from C$200.00 to C$195.00 in a research note on Wednesday, March 6th. Stifel Nicolaus increased their price target on shares of Franco-Nevada from C$182.00 to C$196.00 and gave the stock a “buy” rating in a research report on Friday. Bank of America boosted their price objective on shares of Franco-Nevada from C$186.00 to C$190.00 in a research report on Tuesday, April 9th. National Bankshares reduced their price objective on Franco-Nevada from C$172.50 to C$170.00 and set a “sector perform” rating for the company in a research note on Thursday, March 7th. Finally, Veritas Investment Research lifted their target price on Franco-Nevada from C$149.00 to C$173.00 in a research report on Friday, April 12th. Three investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of C$186.50.

Franco-Nevada Stock Performance

Shares of FNV traded down C$4.90 during mid-day trading on Monday, hitting C$162.10. 187,951 shares of the company traded hands, compared to its average volume of 377,544. The stock has a market cap of C$31.15 billion, a price-to-earnings ratio of -48.62, a P/E/G ratio of 5.00 and a beta of 0.63. The stock has a 50-day moving average price of C$154.87 and a two-hundred day moving average price of C$157.28. Franco-Nevada has a 1 year low of C$139.19 and a 1 year high of C$217.70. The company has a debt-to-equity ratio of 1.63, a quick ratio of 23.26 and a current ratio of 41.21.

Franco-Nevada (TSE:FNV) (NYSE:FNV) last released its quarterly earnings results on Tuesday, March 5th. The company reported C$1.23 earnings per share for the quarter, beating the consensus estimate of C$1.07 by C$0.16. The firm had revenue of C$412.95 million for the quarter. Franco-Nevada had a negative return on equity of 7.65% and a negative net margin of 38.33%. Equities analysts anticipate that Franco-Nevada will post 4.2780116 earnings per share for the current year.

Insider Buying and Selling

In related news, Director Paul Brink sold 2,315 shares of the stock in a transaction that occurred on Monday, March 25th. The stock was sold at an average price of C$157.33, for a total transaction of C$364,221.50. In other news, Senior Officer Sandip Rana sold 10,749 shares of the stock in a transaction on Thursday, March 21st. The shares were sold at an average price of C$160.29, for a total value of C$1,722,952.91. Also, Director Paul Brink sold 2,315 shares of the stock in a transaction dated Monday, March 25th. The stock was sold at an average price of C$157.33, for a total transaction of C$364,221.50. In the last three months, insiders have sold 16,839 shares of company stock valued at $2,686,396. Corporate insiders own 0.69% 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.