Franco Nevada (TSE:FNV) (NYSE:FNV) had its price objective upped by stock analysts at National Bank Financial from C$127.50 to C$130.00 in a research report issued to clients and investors on Thursday, BayStreet.CA reports. The brokerage currently has a “sector perform” rating on the stock. National Bank Financial’s target price indicates a potential upside of 3.52% from the company’s current price.
FNV has been the topic of a number of other reports. CIBC upped their target price on Franco Nevada from C$120.00 to C$125.00 in a research note on Monday, July 15th. Royal Bank of Canada reiterated a “sector perform” rating on shares of Franco Nevada in a research report on Thursday. Eight Capital lowered Franco Nevada from a “buy” rating to a “neutral” rating and increased their price objective for the company from C$110.00 to C$125.00 in a research report on Thursday. JPMorgan Chase & Co. increased their price objective on Franco Nevada from C$97.50 to C$110.00 in a research report on Monday, July 8th. Finally, Canaccord Genuity increased their price objective on Franco Nevada from C$125.00 to C$127.00 in a research report on Friday, July 19th. Five research analysts have rated the stock with a hold rating, Franco Nevada currently has an average rating of “Hold” and an average price target of C$122.33.
TSE FNV traded up C$2.29 during trading on Thursday, reaching C$125.58. The company’s stock had a trading volume of 444,517 shares, compared to its average volume of 511,637. The company has a market capitalization of $22.16 billion and a PE ratio of 167.66. The company has a debt-to-equity ratio of 3.38, a current ratio of 4.14 and a quick ratio of 3.38. The stock has a fifty day moving average of C$113.93. Franco Nevada has a one year low of C$76.53 and a one year high of C$126.20.
Franco Nevada (TSE:FNV) (NYSE:FNV) last announced its earnings results on Wednesday, May 8th. The company reported C$0.47 earnings per share for the quarter, topping analysts’ consensus estimates of C$0.37 by C$0.10. The business had revenue of C$239.06 million during the quarter, compared to the consensus estimate of C$221.05 million. As a group, equities analysts forecast that Franco Nevada will post 1.6599999 earnings per share for the current year.
In other Franco Nevada news, Senior Officer Eaun Harrison Gray sold 5,000 shares of the stock in a transaction that occurred on Monday, June 24th. The stock was sold at an average price of C$112.00, for a total value of C$560,000.00. Following the completion of the sale, the insider now owns 203 shares in the company, valued at approximately C$22,736. Also, Director David Harquail sold 10,000 shares of the stock in a transaction that occurred on Friday, May 31st. The stock was sold at an average price of C$104.70, for a total value of C$1,047,000.00. Following the completion of the sale, the director now owns 75,864 shares of the company’s stock, valued at approximately C$7,942,960.80. Insiders have sold a total of 33,000 shares of company stock valued at $3,567,660 over the last 90 days.
Franco Nevada Company Profile
Franco-Nevada Corporation operates as a gold-focused royalty and stream company in the United States, Canada, Latin America, Australia, and Africa. It also holds interests in silver and platinum group metals; and oil, gas, and natural gas liquids. The company was incorporated in 2007 and is headquartered in Toronto, Canada.
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