Franco-Nevada (TSE:FNV) Upgraded at National Bank Financial

National Bank Financial upgraded shares of Franco-Nevada (TSE:FNV) (NYSE:FNV) from a hold rating to a strong-buy rating in a report published on Wednesday, Marketbeat reports. National Bank Financial currently has C$420.00 price target on the stock, up from their previous price target of C$410.00.

FNV has been the subject of several other research reports. Stifel Nicolaus raised their price target on shares of Franco-Nevada from C$340.00 to C$380.00 in a research report on Tuesday, February 10th. Canadian Imperial Bank of Commerce raised their price target on shares of Franco-Nevada from C$460.00 to C$480.00 in a research report on Wednesday, February 4th. Bank of America raised their price target on shares of Franco-Nevada from C$367.00 to C$384.00 in a research report on Thursday, February 26th. Canaccord Genuity Group raised shares of Franco-Nevada from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, April 29th. Finally, BMO Capital Markets raised their price target on shares of Franco-Nevada from C$370.00 to C$410.00 in a research report on Wednesday, April 22nd. Two equities research analysts have rated the stock with a Strong Buy rating, two have given a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Buy” and a consensus price target of C$355.44.

Franco-Nevada Stock Down 5.1%

Shares of FNV opened at C$310.03 on Wednesday. The company has a market capitalization of C$59.79 billion, a P/E ratio of 43.67, a price-to-earnings-growth ratio of 5.00 and a beta of 0.97. The firm has a 50 day moving average of C$337.91 and a 200 day moving average of C$318.94. Franco-Nevada has a twelve month low of C$210.19 and a twelve month high of C$388.22.

Franco-Nevada (TSE:FNV) (NYSE:FNV) last announced its quarterly earnings results on Tuesday, May 12th. The company reported C$3.31 earnings per share for the quarter. The company had revenue of C$904.67 million during the quarter. Franco-Nevada had a net margin of 65.14% and a return on equity of 18.67%. On average, sell-side analysts expect that Franco-Nevada will post 3.1114111 EPS for the current 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.