Canaccord Genuity Group Boosts Franco-Nevada (TSE:FNV) Price Target to C$177.00

Franco-Nevada (TSE:FNV) (NYSE:FNV) had its target price hoisted by stock analysts at Canaccord Genuity Group from C$168.00 to C$177.00 in a note issued to investors on Tuesday, BayStreet.CA reports. Canaccord Genuity Group’s price target would suggest a potential upside of 8.51% from the stock’s previous close.

A number of other brokerages have also issued reports on FNV. BMO Capital Markets cut their price target on shares of Franco-Nevada from C$200.00 to C$195.00 in a research note on Wednesday, March 6th. Raymond James dropped their price target on shares of Franco-Nevada from C$146.00 to C$138.00 and set an “outperform” rating on the stock in a research note on Thursday, March 7th. Veritas Investment Research increased their price objective on Franco-Nevada from C$149.00 to C$173.00 in a report on Friday, April 12th. Bank of America raised their target price on Franco-Nevada from C$186.00 to C$190.00 in a report on Tuesday, April 9th. Finally, Scotiabank dropped their price target on Franco-Nevada from C$141.00 to C$139.00 and set a “sector perform” rating for the company in a research report on Thursday, March 7th. Three analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of C$187.50.

Franco-Nevada Price Performance

Shares of Franco-Nevada stock traded up C$1.12 during trading hours on Tuesday, reaching C$163.12. 135,898 shares of the company’s stock were exchanged, compared to its average volume of 377,375. The business has a fifty day moving average of C$155.17 and a two-hundred day moving average of C$157.16. The company has a quick ratio of 23.26, a current ratio of 41.21 and a debt-to-equity ratio of 1.63. The company has a market capitalization of C$31.35 billion, a P/E ratio of -48.92, a price-to-earnings-growth ratio of 5.00 and a beta of 0.63. Franco-Nevada has a 1 year low of C$139.19 and a 1 year high of C$217.70.

Franco-Nevada (TSE:FNV) (NYSE:FNV) last announced its quarterly earnings results on Tuesday, March 5th. The company reported C$1.23 earnings per share for the quarter, beating the consensus estimate of C$1.07 by C$0.16. The firm had revenue of C$412.95 million for the quarter. Franco-Nevada had a negative net margin of 38.33% and a negative return on equity of 7.65%. As a group, research analysts predict that Franco-Nevada will post 4.2780116 earnings per share for the current fiscal year.

Insider Buying and Selling at Franco-Nevada

In related news, Senior Officer Eaun Harrison Gray sold 330 shares of the company’s stock in a transaction that occurred on Monday, March 25th. The stock was sold at an average price of C$156.69, for a total transaction of C$51,707.70. In other Franco-Nevada news, Senior Officer Eaun Harrison Gray sold 330 shares of the stock in a transaction on Monday, March 25th. The stock was sold at an average price of C$156.69, for a total value of C$51,707.70. Also, Senior Officer Sandip Rana sold 10,749 shares of the stock in a transaction on Thursday, March 21st. The stock was sold at an average price of C$160.29, for a total value of C$1,722,952.91. Insiders have sold a total of 16,839 shares of company stock valued at $2,686,396 in the last three months. Corporate insiders own 0.69% of the company’s stock.

About Franco-Nevada

Franco-Nevada Corporation operates as a gold-focused royalty and streaming company in South America, Central America, Mexico, the United States, Canada, and internationally. It operates through Mining and Energy segments. The company manages its portfolio with a focus on precious metals, such as gold, silver, and platinum group metals; and engages in the sale of crude oil, natural gas, and natural gas liquids through a third-party marketing agent.