Canaccord Genuity Group Cuts Franco-Nevada (TSE:FNV) Price Target to C$190.00

Franco-Nevada (TSE:FNV) (NYSE:FNV) had its price target lowered by equities researchers at Canaccord Genuity Group from C$198.00 to C$190.00 in a research report issued to clients and investors on Monday,BayStreet.CA reports. Canaccord Genuity Group’s price objective suggests a potential upside of 12.15% from the stock’s current price.

A number of other research firms have also recently issued reports on FNV. National Bankshares reduced their price objective on Franco-Nevada from C$200.00 to C$195.00 in a research report on Thursday, August 15th. Stifel Nicolaus lifted their price target on Franco-Nevada from C$200.00 to C$215.00 in a report on Monday, October 21st. CIBC dropped their price objective on Franco-Nevada from C$265.00 to C$235.00 in a report on Friday, November 8th. Finally, TD Securities upgraded shares of Franco-Nevada from a “hold” rating to a “buy” rating in a research note on Thursday, August 15th. Three research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of C$189.80.

Franco-Nevada Trading Up 2.1 %

Shares of TSE:FNV opened at C$169.42 on Monday. The firm has a fifty day moving average of C$172.02 and a two-hundred day moving average of C$169.43. The company has a quick ratio of 23.26, a current ratio of 29.11 and a debt-to-equity ratio of 1.63. Franco-Nevada has a 12-month low of C$139.19 and a 12-month high of C$191.17. The firm has a market capitalization of C$32.60 billion, a P/E ratio of -40.43, a price-to-earnings-growth ratio of 5.00 and a beta of 0.68.

Insider Activity at Franco-Nevada

In other news, Director Nicholas Hugo Housby Dryland bought 805 shares of the business’s stock in a transaction on Monday, September 16th. The stock was purchased at an average price of C$168.95 per share, with a total value of C$136,001.53. Following the transaction, the director now directly owns 805 shares in the company, valued at approximately C$136,001.53. The trade was a ? increase in their ownership of the stock. 0.69% of the stock is currently owned by company insiders.

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.