Franco-Nevada (TSE:FNV) Price Target Raised to C$410.00

Franco-Nevada (TSE:FNV) (NYSE:FNV) had its price objective boosted by Stifel Nicolaus from C$390.00 to C$410.00 in a research note released on Monday morning,BayStreet reports. Stifel Nicolaus currently has a buy rating on the stock.

Franco-Nevada Price Performance

Shares of FNV stock opened at C$342.01 on Monday. Franco-Nevada has a 1 year low of C$254.13 and a 1 year high of C$388.22. The firm has a fifty day moving average price of C$354.92 and a 200-day moving average price of C$329.42. The company has a market cap of C$65.96 billion, a price-to-earnings ratio of 44.71, a PEG ratio of 5.00 and a beta of 1.07.

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

Insider Activity at Franco-Nevada

In other news, insider Sandip Rana sold 10,000 shares of Franco-Nevada stock in a transaction dated Wednesday, August 19th. The stock was sold at an average price of C$344.87, for a total transaction of C$3,448,700.00. Following the transaction, the insider directly owned 60,274 shares of the company’s stock, valued at C$20,786,694.38. The trade was a 14.23% decrease in their position. 0.69% of the stock is owned by company insiders.

Franco-Nevada Company Profile

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.