Franco-Nevada Co. (TSE:FNV) Stock Has Consensus Price Target of C$358.78 According to Analysts

Shares of Franco-Nevada Co. (TSE:FNV) (NYSE:FNV) have earned an average rating of “Strong Buy” from the six brokerages that are covering the company, MarketBeat reports. Three analysts have rated the stock with a buy rating and three have given a strong buy rating to the company. The average 1 year price objective among brokerages that have issued a report on the stock in the last year is C$358.78.

Separately, Stifel Nicolaus boosted their target price on shares of Franco-Nevada from C$390.00 to C$410.00 and gave the stock a “buy” rating in a report on Monday, October 19th.

Insider Activity

In other Franco-Nevada news, insider Sandip Rana sold 5,000 shares of the firm’s stock in a transaction that occurred on Friday, August 21st. The shares were sold at an average price of C$364.37, for a total transaction of C$1,821,850.00. Following the completion of the sale, the insider directly owned 60,274 shares in the company, valued at C$21,962,037.38. This trade represents a 7.66% decrease in their ownership of the stock. Corporate insiders own 0.69% of the company’s stock.

Franco-Nevada Stock Performance

FNV opened at C$320.38 on Monday. Franco-Nevada has a twelve month low of C$254.13 and a twelve month high of C$388.22. The firm has a market cap of C$61.79 billion, a price-to-earnings ratio of 41.88, a PEG ratio of 5.00 and a beta of 1.07. The firm’s 50-day simple moving average is C$354.86 and its 200-day simple moving average is C$328.93.

Franco-Nevada (TSE:FNV) (NYSE:FNV) last released its quarterly earnings data on Tuesday, August 11th. The company reported C$2.57 EPS for the quarter. Franco-Nevada had a net margin of 63.83% and a return on equity of 18.95%. The business had revenue of C$825.33 million during the quarter. As a group, sell-side analysts anticipate that Franco-Nevada will post 3.11 EPS for the current fiscal year.

About Franco-Nevada

Franco-Nevada Corp is a precious-metals-focused royalty and investment company. The company owns a diversified portfolio of precious metals and royalty streams, which is actively managed to generate the bulk of its revenue from gold, silver, and platinum. The company does not operate mines, develop projects, or conduct exploration. Franco-Nevada’s short-term financial performance is linked to the price of commodities and the amount of production from its portfolio of producing assets. Its long-term performance is affected by the availability of exploration and development capital.