Canaccord Genuity Group Increases Franco-Nevada (TSE:FNV) Price Target to C$177.00

Franco-Nevada (TSE:FNV) (NYSE:FNV) had its price objective boosted by investment analysts at Canaccord Genuity Group from C$168.00 to C$177.00 in a research report issued on Tuesday, BayStreet.CA reports. Canaccord Genuity Group’s target price suggests a potential upside of 8.59% from the stock’s current price.

FNV has been the subject of several other research reports. Bank of America upped their price objective on shares of Franco-Nevada from C$186.00 to C$190.00 in a research note 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 on the stock in a research report on Thursday, March 7th. BMO Capital Markets dropped their target price on Franco-Nevada from C$200.00 to C$195.00 in a report on Wednesday, March 6th. Veritas Investment Research lifted their price target on Franco-Nevada from C$149.00 to C$173.00 in a report on Friday, April 12th. Finally, Stifel Nicolaus upped their price objective on shares of Franco-Nevada from C$182.00 to C$196.00 and gave the company a “buy” rating in a report on Friday, April 19th. Three analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of C$187.50.

Franco-Nevada Stock Performance

TSE FNV opened at C$163.00 on Tuesday. The company has a debt-to-equity ratio of 1.63, a current ratio of 41.21 and a quick ratio of 23.26. The stock’s 50 day simple moving average is C$155.92 and its 200-day simple moving average is C$157.08. The company has a market cap of C$31.33 billion, a PE ratio of -48.95, a price-to-earnings-growth ratio of 5.00 and a beta of 0.63. Franco-Nevada has a 1-year low of C$139.19 and a 1-year high of C$217.70.

Franco-Nevada (TSE:FNV) (NYSE:FNV) last announced its quarterly earnings data on Tuesday, March 5th. The company reported C$1.23 earnings per share for the quarter, beating analysts’ consensus estimates of C$1.07 by C$0.16. Franco-Nevada had a negative return on equity of 7.65% and a negative net margin of 38.33%. The company had revenue of C$412.95 million for the quarter. As a group, equities research analysts anticipate that Franco-Nevada will post 4.2780116 EPS for the current fiscal year.

Insider Activity

In related news, Senior Officer Sandip Rana sold 10,749 shares of Franco-Nevada stock in a transaction that occurred 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. In other news, Senior Officer Sandip Rana sold 10,749 shares of the stock in a transaction dated 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 2,315 shares of the company’s stock in a transaction on Monday, March 25th. The stock was sold at an average price of C$157.33, for a total value of C$364,221.50. In the last three months, insiders have sold 16,839 shares of company stock valued at $2,686,396. Company insiders own 0.69% of the company’s stock.

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.