Franco-Nevada (NYSE:FNV) PT Raised to $129.00

Franco-Nevada (NYSE:FNV) (TSE:FNV) had its price target hoisted by equities research analysts at Jefferies Financial Group from $117.00 to $129.00 in a research note issued on Monday, BayStreet.CA reports. The brokerage presently has a “hold” rating on the basic materials company’s stock. Jefferies Financial Group’s price target points to a potential upside of 8.06% from the stock’s previous close.

Several other analysts have also recently weighed in on FNV. Raymond James boosted their price target on Franco-Nevada from $138.00 to $141.00 and gave the stock an “outperform” rating in a report on Thursday, April 11th. Scotiabank boosted their target price on shares of Franco-Nevada from $139.00 to $140.00 and gave the stock a “sector perform” rating in a report on Thursday, April 18th. TheStreet downgraded shares of Franco-Nevada from a “c+” rating to a “d+” rating in a research note on Tuesday, March 5th. Finally, Bank of America cut their price target on shares of Franco-Nevada from $138.00 to $136.00 and set a “buy” rating on the stock in a report on Monday, March 18th. Six analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $148.60.

Franco-Nevada Price Performance

Shares of Franco-Nevada stock opened at $119.38 on Monday. The company’s 50 day moving average price is $114.55 and its two-hundred day moving average price is $115.81. The firm has a market capitalization of $22.96 billion, a P/E ratio of -49.13, a P/E/G ratio of 6.66 and a beta of 0.71. Franco-Nevada has a fifty-two week low of $102.29 and a fifty-two week high of $161.25.

Franco-Nevada (NYSE:FNV) (TSE:FNV) last released its quarterly earnings data on Tuesday, March 5th. The basic materials company reported $0.90 earnings per share for the quarter, beating the consensus estimate of $0.80 by $0.10. Franco-Nevada had a positive return on equity of 10.61% and a negative net margin of 38.26%. The company had revenue of $303.30 million for the quarter. On average, analysts expect that Franco-Nevada will post 2.76 earnings per share for the current year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. CWM LLC lifted its stake in Franco-Nevada by 77.8% in the third quarter. CWM LLC now owns 786 shares of the basic materials company’s stock valued at $105,000 after buying an additional 344 shares during the period. SG Americas Securities LLC increased its stake in Franco-Nevada by 15.7% in the third quarter. SG Americas Securities LLC now owns 26,410 shares of the basic materials company’s stock valued at $3,751,000 after purchasing an additional 3,584 shares in the last quarter. Howland Capital Management LLC increased its stake in Franco-Nevada by 10.7% in the third quarter. Howland Capital Management LLC now owns 6,422 shares of the basic materials company’s stock valued at $857,000 after purchasing an additional 622 shares in the last quarter. U.S. Capital Wealth Advisors LLC raised its holdings in shares of Franco-Nevada by 2.3% during the third quarter. U.S. Capital Wealth Advisors LLC now owns 22,839 shares of the basic materials company’s stock valued at $3,049,000 after purchasing an additional 518 shares during the period. Finally, Veritas Asset Management LLP boosted its position in shares of Franco-Nevada by 0.9% during the 3rd quarter. Veritas Asset Management LLP now owns 104,118 shares of the basic materials company’s stock worth $13,899,000 after purchasing an additional 956 shares in the last quarter. 77.06% of the stock is owned by institutional investors and hedge funds.

Franco-Nevada Company Profile

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.