Franco-Nevada (TSE:FNV – Get Free Report) (NYSE:FNV) had its price objective upped by investment analysts at Stifel Nicolaus from C$200.00 to C$215.00 in a note issued to investors on Monday, BayStreet.CA reports. Stifel Nicolaus’ price objective points to a potential upside of 14.41% from the stock’s previous close.
FNV has been the topic of a number of other reports. BMO Capital Markets lifted their price objective on shares of Franco-Nevada from C$200.00 to C$210.00 and gave the company an “outperform” rating in a report on Tuesday, July 16th. TD Securities upgraded shares of Franco-Nevada from a “hold” rating to a “buy” rating in a report on Thursday, August 15th. National Bankshares reduced their price objective on shares of Franco-Nevada from C$200.00 to C$195.00 in a research report on Thursday, August 15th. Canaccord Genuity Group lifted their price objective on shares of Franco-Nevada from C$177.00 to C$190.00 in a research report on Tuesday, July 23rd. Finally, CIBC lifted their price objective on shares of Franco-Nevada from C$250.00 to C$265.00 in a research report on Wednesday, July 10th. Three research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to MarketBeat, Franco-Nevada currently has a consensus rating of “Moderate Buy” and an average target price of C$192.80.
View Our Latest Report on Franco-Nevada
Franco-Nevada Stock Up 2.4 %
Franco-Nevada (TSE:FNV – Get Free Report) (NYSE:FNV) last announced its earnings results on Tuesday, August 13th. The company reported C$1.03 EPS for the quarter, missing the consensus estimate of C$1.07 by C($0.04). Franco-Nevada had a negative return on equity of 9.32% and a negative net margin of 51.92%. The company had revenue of C$355.88 million for the quarter. As a group, sell-side analysts anticipate that Franco-Nevada will post 3.1114111 EPS for the current year.
Insider Buying and Selling
In other Franco-Nevada news, Director Nicholas Hugo Housby Dryland bought 805 shares of the stock in a transaction on Monday, September 16th. The stock was purchased at an average price of C$168.95 per share, with a total value of C$136,001.53. Following the completion of the purchase, the director now owns 805 shares in the company, valued at C$136,001.53. 0.69% of the stock is currently owned by company insiders.
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.
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