Canaccord Genuity Group Lowers Franco-Nevada (TSE:FNV) Price Target to C$190.00

Franco-Nevada (TSE:FNV) (NYSE:FNV) had its price target cut by research analysts at Canaccord Genuity Group from C$198.00 to C$190.00 in a report issued on Monday,BayStreet.CA reports. Canaccord Genuity Group’s target price would indicate a potential upside of 12.15% from the stock’s current price.

Several other research analysts have also recently commented on the company. Stifel Nicolaus boosted their price target on Franco-Nevada from C$200.00 to C$215.00 in a research note on Monday, October 21st. TD Securities upgraded shares of Franco-Nevada from a “hold” rating to a “buy” rating in a research note on Thursday, August 15th. CIBC reduced their price objective on shares of Franco-Nevada from C$265.00 to C$235.00 in a research note on Friday, November 8th. Finally, National Bankshares cut their target price on shares of Franco-Nevada from C$200.00 to C$195.00 in a research note on Thursday, August 15th. Three equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of C$189.80.

Franco-Nevada Price Performance

FNV opened at C$169.42 on Monday. Franco-Nevada has a twelve month low of C$139.19 and a twelve month high of C$191.17. The company has a current ratio of 29.11, a quick ratio of 23.26 and a debt-to-equity ratio of 1.63. The firm has a market cap of C$32.60 billion, a price-to-earnings ratio of -40.43, a PEG ratio of 5.00 and a beta of 0.68. The company has a fifty day simple moving average of C$172.02 and a 200 day simple moving average of C$169.43.

Insider Buying and Selling

In related news, Director Nicholas Hugo Housby Dryland acquired 805 shares of the stock in a transaction that occurred on Monday, September 16th. The shares were acquired at an average price of C$168.95 per share, for a total transaction of C$136,001.53. Following the completion of the purchase, the director now directly owns 805 shares of the company’s stock, valued at C$136,001.53. The trade was a ∞ increase in their ownership of the stock. Corporate insiders own 0.69% of the company’s stock.

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.