Franco-Nevada (TSE:FNV) Price Target Raised to C$390.00

Franco-Nevada (TSE:FNV) (NYSE:FNV) had its target price hoisted by Stifel Nicolaus from C$380.00 to C$390.00 in a research report sent to investors on Friday morning,BayStreet.CA reports.

A number of other equities analysts also recently weighed in on the company. Canaccord Genuity Group raised Franco-Nevada from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, April 29th. BMO Capital Markets lifted their price objective on shares of Franco-Nevada from C$370.00 to C$410.00 in a report on Wednesday, April 22nd. TD Securities raised shares of Franco-Nevada from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, May 20th. Finally, National Bank Financial upgraded shares of Franco-Nevada from a “hold” rating to a “strong-buy” rating and increased their target price for the stock from C$410.00 to C$420.00 in a report on Wednesday, May 13th. Three investment analysts have rated the stock with a Strong Buy rating and two have assigned a Buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Strong Buy” and an average target price of C$356.56.

Franco-Nevada Price Performance

FNV opened at C$281.30 on Friday. The company has a market capitalization of C$54.25 billion, a price-to-earnings ratio of 39.62, a P/E/G ratio of 5.00 and a beta of 0.96. The business’s 50-day moving average price is C$305.84 and its two-hundred day moving average price is C$326.83. Franco-Nevada has a 1 year low of C$211.53 and a 1 year high of C$388.22.

Franco-Nevada (TSE:FNV) (NYSE:FNV) last posted its quarterly earnings data on Tuesday, May 12th. The company reported C$3.31 earnings per share for the quarter. The company had revenue of C$904.66 million during the quarter. Franco-Nevada had a return on equity of 18.67% and a net margin of 65.14%. Sell-side analysts anticipate that Franco-Nevada will post 3.1114111 earnings per share for the current fiscal year.

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.