Franco-Nevada (NYSE:FNV) (TSE:FNV) had its target price decreased by stock analysts at TD Securities from $96.00 to $93.00 in a research report issued to clients and investors on Friday, March 9th. The brokerage currently has a “buy” rating on the basic materials company’s stock. TD Securities’ price objective would suggest a potential upside of 33.64% from the stock’s current price.
A number of other analysts also recently commented on FNV. Zacks Investment Research upgraded Franco-Nevada from a “sell” rating to a “hold” rating in a research report on Saturday, February 3rd. Desjardins reissued a “sell” rating on shares of Franco-Nevada in a report on Monday, December 11th. Scotiabank set a $86.00 price target on Franco-Nevada and gave the stock a “hold” rating in a report on Monday, January 22nd. Raymond James Financial cut their price target on Franco-Nevada from $93.00 to $90.00 and set an “outperform” rating for the company in a report on Tuesday, January 23rd. Finally, Credit Suisse Group set a $80.00 price target on Franco-Nevada and gave the stock a “hold” rating in a report on Monday, January 22nd. One analyst has rated the stock with a sell rating, six have issued a hold rating and five have issued a buy rating to the stock. The stock has an average rating of “Hold” and a consensus target price of $88.00.
FNV traded up $1.20 during trading on Friday, reaching $69.59. 529,913 shares of the stock were exchanged, compared to its average volume of 707,874. The company has a market cap of $12,715.77, a price-to-earnings ratio of 64.44, a PEG ratio of 14.51 and a beta of 0.05. Franco-Nevada has a 1 year low of $64.90 and a 1 year high of $86.06.
Franco-Nevada (NYSE:FNV) (TSE:FNV) last posted its earnings results on Wednesday, March 7th. The basic materials company reported $0.28 EPS for the quarter, missing the Zacks’ consensus estimate of $0.29 by ($0.01). The firm had revenue of $167.00 million for the quarter, compared to analysts’ expectations of $171.99 million. Franco-Nevada had a return on equity of 4.38% and a net margin of 28.84%. The firm’s revenue for the quarter was up 7.7% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.24 earnings per share. equities analysts anticipate that Franco-Nevada will post 1.18 EPS for the current fiscal year.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Capital Fund Management S.A. increased its stake in Franco-Nevada by 455.3% in the fourth quarter. Capital Fund Management S.A. now owns 3,332 shares of the basic materials company’s stock valued at $266,000 after purchasing an additional 2,732 shares during the last quarter. Nationwide Fund Advisors acquired a new position in Franco-Nevada in the third quarter valued at $1,567,000. JPMorgan Chase & Co. increased its stake in Franco-Nevada by 1.5% in the third quarter. JPMorgan Chase & Co. now owns 946,879 shares of the basic materials company’s stock valued at $74,444,000 after purchasing an additional 14,357 shares during the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its stake in Franco-Nevada by 17.1% in the third quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 13,007 shares of the basic materials company’s stock valued at $1,008,000 after purchasing an additional 1,900 shares during the last quarter. Finally, Candriam Luxembourg S.C.A. acquired a new position in Franco-Nevada in the fourth quarter valued at $254,000. 63.23% of the stock is owned by institutional investors.
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Franco-Nevada Corporation operates as a gold-focused royalty and stream company in the United States, Canada, Mexico, Peru, Chile, Australia, and Africa. The company also holds interests in silver, platinum group metals, oil and gas, and other resource assets. As of December 31, 2017, it had a portfolio of 341 assets.
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