StockNews.com Upgrades Franco-Nevada (NYSE:FNV) to “Buy”

Franco-Nevada (NYSE:FNV) (TSE:FNV) was upgraded by stock analysts at StockNews.com from a “hold” rating to a “buy” rating in a research note issued to investors on Wednesday.

FNV has been the topic of several other research reports. Scotiabank lifted their price objective on shares of Franco-Nevada from $145.00 to $150.00 and gave the stock a “sector perform” rating in a research note on Tuesday, March 11th. TD Securities cut shares of Franco-Nevada from a “buy” rating to a “hold” rating and set a $152.00 target price for the company. in a report on Tuesday, March 11th. UBS Group raised their target price on shares of Franco-Nevada from $165.00 to $170.00 and gave the stock a “buy” rating in a report on Tuesday, March 11th. Raymond James raised their price target on shares of Franco-Nevada from $160.00 to $162.00 and gave the stock an “outperform” rating in a report on Tuesday, March 11th. Finally, HC Wainwright raised their price target on shares of Franco-Nevada from $155.00 to $165.00 and gave the stock a “buy” rating in a report on Tuesday, March 11th. Five analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $153.63.

Franco-Nevada Trading Up 0.8 %

Franco-Nevada stock opened at $155.55 on Wednesday. The stock has a market cap of $29.95 billion, a price-to-earnings ratio of -49.22, a PEG ratio of 9.78 and a beta of 0.73. The company’s 50-day moving average price is $139.06 and its two-hundred day moving average price is $128.98. Franco-Nevada has a 52 week low of $112.70 and a 52 week high of $156.82.

Franco-Nevada (NYSE:FNV) (TSE:FNV) last announced its quarterly earnings data on Monday, March 10th. The basic materials company reported $0.95 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.90 by $0.05. The company had revenue of $321.00 million for the quarter, compared to analysts’ expectations of $304.33 million. Franco-Nevada had a negative net margin of 55.28% and a positive return on equity of 10.55%. The business’s revenue was up 5.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.90 EPS. Research analysts expect that Franco-Nevada will post 3.09 earnings per share for the current fiscal year.

Institutional Trading of Franco-Nevada

A number of institutional investors have recently added to or reduced their stakes in FNV. Natixis Advisors LLC lifted its stake in Franco-Nevada by 6.5% in the third quarter. Natixis Advisors LLC now owns 20,404 shares of the basic materials company’s stock valued at $2,535,000 after acquiring an additional 1,237 shares during the last quarter. Swiss National Bank raised its position in shares of Franco-Nevada by 0.8% in the third quarter. Swiss National Bank now owns 581,560 shares of the basic materials company’s stock valued at $72,347,000 after purchasing an additional 4,900 shares during the period. America First Investment Advisors LLC raised its position in shares of Franco-Nevada by 4.3% in the third quarter. America First Investment Advisors LLC now owns 161,765 shares of the basic materials company’s stock valued at $20,099,000 after purchasing an additional 6,717 shares during the period. Charles Schwab Investment Management Inc. raised its position in shares of Franco-Nevada by 5.1% in the third quarter. Charles Schwab Investment Management Inc. now owns 407,137 shares of the basic materials company’s stock valued at $50,623,000 after purchasing an additional 19,589 shares during the period. Finally, Citigroup Inc. raised its position in shares of Franco-Nevada by 33.1% in the third quarter. Citigroup Inc. now owns 36,710 shares of the basic materials company’s stock valued at $4,565,000 after purchasing an additional 9,119 shares during the period. 77.06% of the stock is currently owned by institutional investors and hedge funds.

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.