National Bankshares Has Lowered Expectations for Franco-Nevada (TSE:FNV) Stock Price

Franco-Nevada (TSE:FNV) (NYSE:FNV) had its price target reduced by analysts at National Bankshares from C$220.00 to C$215.00 in a report issued on Tuesday,BayStreet.CA reports. National Bankshares’ target price suggests a potential upside of 1.56% from the stock’s previous close.

Other equities research analysts have also issued research reports about the company. UBS Group upgraded Franco-Nevada to a “strong-buy” rating in a research note on Monday, November 18th. Canaccord Genuity Group reduced their price objective on Franco-Nevada from C$198.00 to C$190.00 and set a “strong-buy” rating for the company in a research report on Monday, November 18th. Finally, CIBC boosted their price objective on Franco-Nevada from C$235.00 to C$245.00 in a research report on Monday, December 2nd. Two investment analysts have rated the stock with a hold rating, four have given a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Buy” and an average price target of C$194.10.

Franco-Nevada Stock Performance

Shares of FNV opened at C$211.70 on Tuesday. Franco-Nevada has a one year low of C$152.28 and a one year high of C$213.60. The stock has a 50-day moving average price of C$194.52 and a 200 day moving average price of C$179.01. The company has a market capitalization of C$28.73 billion, a P/E ratio of -45.72, a P/E/G ratio of 5.00 and a beta of 0.68.

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.