TD Securities Downgrades Franco-Nevada (TSE:FNV) to Hold

Franco-Nevada (TSE:FNV) (NYSE:FNV) was downgraded by TD Securities from a “buy” rating to a “hold” rating in a report issued on Tuesday, Marketbeat.com reports. They currently have a C$152.00 price target on the stock. TD Securities’ price target would suggest a potential downside of 28.20% from the company’s previous close.

Other analysts also recently issued research reports about the company. National Bankshares dropped their price objective on Franco-Nevada from C$220.00 to C$215.00 in a research note on Tuesday. UBS Group raised Franco-Nevada to a “strong-buy” rating in a research note on Monday, November 18th. Canaccord Genuity Group dropped their price target on Franco-Nevada from C$198.00 to C$190.00 and set a “strong-buy” rating on the stock in a research note on Monday, November 18th. Finally, CIBC lifted their price target on Franco-Nevada from C$235.00 to C$245.00 in a research note on Monday, December 2nd. Two analysts have rated the stock with a hold rating, four have issued a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat, Franco-Nevada presently has an average rating of “Buy” and an average target price of C$194.10.

Franco-Nevada Trading Up 0.8 %

Shares of Franco-Nevada stock opened at C$211.70 on Tuesday. The company has a market capitalization of C$28.73 billion, a PE ratio of -45.72, a PEG ratio of 5.00 and a beta of 0.68. Franco-Nevada has a 12 month low of C$152.28 and a 12 month high of C$213.60. The stock’s fifty day simple moving average is C$194.52 and its 200 day simple moving average is C$179.01.

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.