Franco-Nevada Co. (TSE:FNV) Given Consensus Recommendation of “Buy” by Brokerages

Franco-Nevada Co. (TSE:FNV) (NYSE:FNV) has earned a consensus rating of “Buy” from the eight ratings firms that are covering the stock, MarketBeat Ratings reports. Two equities research analysts have rated the stock with a hold recommendation, four have given a buy recommendation and two have given a strong buy recommendation to the company. The average 12 month target price among brokerages that have issued a report on the stock in the last year is C$194.10.

A number of equities analysts recently issued reports on the company. TD Securities downgraded Franco-Nevada from a “buy” rating to a “hold” rating and set a C$152.00 price target for the company. in a report on Tuesday, March 11th. National Bankshares dropped their target price on shares of Franco-Nevada from C$220.00 to C$215.00 in a research report on Tuesday, March 11th.

Insider Buying and Selling

In other news, Senior Officer Sandip Rana sold 5,675 shares of the company’s stock in a transaction that occurred on Thursday, March 20th. The stock was sold at an average price of C$223.86, for a total transaction of C$1,270,422.53. Also, Director Boris De Vries sold 500 shares of the stock in a transaction on Thursday, March 13th. The stock was sold at an average price of C$217.08, for a total value of C$108,540.35. Insiders sold a total of 16,054 shares of company stock worth $3,563,292 in the last 90 days. Company insiders own 0.69% of the company’s stock.

Franco-Nevada Stock Performance

TSE:FNV opened at C$206.13 on Friday. Franco-Nevada has a 1 year low of C$156.31 and a 1 year high of C$228.00. The stock has a market cap of C$27.97 billion, a P/E ratio of -44.52, a P/E/G ratio of 5.00 and a beta of 0.68. The stock has a 50-day simple moving average of C$208.04 and a 200-day simple moving average of C$185.50.

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.