Franco-Nevada Co. (TSE:FNV) Receives C$196.56 Average Target Price from Analysts

Franco-Nevada Co. (TSE:FNV) (NYSE:FNV) has received an average recommendation of “Buy” from the eight brokerages that are presently covering the stock, Marketbeat.com reports. Two analysts have rated the stock with a hold rating, four have given a buy rating and two have issued a strong buy rating on the company. The average 12-month price objective among brokerages that have issued ratings on the stock in the last year is C$194.10.

FNV has been the topic of several recent analyst reports. TD Securities downgraded shares of Franco-Nevada from a “buy” rating to a “hold” rating and set a C$152.00 price objective on the stock. in a report on Tuesday. UBS Group upgraded shares of Franco-Nevada to a “strong-buy” rating in a report on Monday, November 18th. Canaccord Genuity Group decreased their price objective on shares of Franco-Nevada from C$198.00 to C$190.00 and set a “strong-buy” rating for the company in a research note on Monday, November 18th. CIBC upped their price objective on shares of Franco-Nevada from C$235.00 to C$245.00 in a report on Monday, December 2nd. Finally, National Bankshares decreased their target price on shares of Franco-Nevada from C$220.00 to C$215.00 in a research report on Tuesday.

Franco-Nevada Stock Up 2.3 %

FNV opened at C$216.66 on Tuesday. Franco-Nevada has a 52-week low of C$153.62 and a 52-week high of C$219.99. The company has a market cap of C$29.40 billion, a P/E ratio of -46.79, a price-to-earnings-growth ratio of 5.00 and a beta of 0.68. The firm’s 50-day moving average price is C$195.37 and its 200-day moving average price is C$179.27.

Insider Buying and Selling

In other Franco-Nevada news, Director Boris De Vries sold 500 shares of the stock in a transaction that occurred on Thursday, March 13th. The stock was sold at an average price of C$217.08, for a total transaction of C$108,540.35. Also, Senior Officer Lena Miller sold 1,700 shares of the stock in a transaction that occurred on Wednesday, March 12th. The stock was sold at an average price of C$210.37, for a total value of C$357,620.50. 0.69% of the stock is owned by corporate insiders.

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.