Franco-Nevada (NYSE:FNV) Price Target Raised to $180.00 at HC Wainwright

Franco-Nevada (NYSE:FNV) (TSE:FNV) had its price target increased by HC Wainwright from $165.00 to $180.00 in a research note issued to investors on Wednesday, MarketBeat.com reports. The brokerage presently has a “buy” rating on the basic materials company’s stock. HC Wainwright’s price objective suggests a potential upside of 14.49% from the company’s current price.

A number of other analysts have also recently weighed in on the stock. StockNews.com upgraded shares of Franco-Nevada from a “hold” rating to a “buy” rating in a research note on Wednesday, March 19th. UBS Group boosted their target price on shares of Franco-Nevada from $165.00 to $170.00 and gave the stock a “buy” rating in a research report on Tuesday, March 11th. Royal Bank of Canada raised their price target on Franco-Nevada from $145.00 to $155.00 and gave the company a “sector perform” rating in a research report on Tuesday, February 11th. TD Securities lowered Franco-Nevada from a “buy” rating to a “hold” rating and set a $152.00 price objective on the stock. in a research note on Tuesday, March 11th. Finally, Raymond James increased their target price on Franco-Nevada from $160.00 to $162.00 and gave the company an “outperform” rating in a research note on Tuesday, March 11th. Five research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $155.50.

Franco-Nevada Price Performance

Franco-Nevada stock opened at $157.21 on Wednesday. Franco-Nevada has a one year low of $112.70 and a one year high of $158.52. The company’s fifty day moving average price is $142.01 and its two-hundred day moving average price is $130.23. The company has a market capitalization of $30.27 billion, a price-to-earnings ratio of -49.75, a PEG ratio of 9.78 and a beta of 0.73.

Franco-Nevada (NYSE:FNV) (TSE:FNV) last released its quarterly earnings results on Monday, March 10th. The basic materials company reported $0.95 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.90 by $0.05. Franco-Nevada had a positive return on equity of 10.55% and a negative net margin of 55.28%. The company had revenue of $321.00 million during the quarter, compared to the consensus estimate of $304.33 million. During the same quarter in the prior year, the company posted $0.90 EPS. The firm’s revenue was up 5.8% on a year-over-year basis. As a group, sell-side analysts anticipate that Franco-Nevada will post 3.09 earnings per share for the current year.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the company. Wellington Management Group LLP boosted its stake in Franco-Nevada by 35.0% during the fourth quarter. Wellington Management Group LLP now owns 105,225 shares of the basic materials company’s stock worth $12,359,000 after buying an additional 27,299 shares in the last quarter. Wealth Enhancement Advisory Services LLC lifted its holdings in shares of Franco-Nevada by 35.7% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 3,699 shares of the basic materials company’s stock worth $435,000 after acquiring an additional 973 shares during the period. PKO Investment Management Joint Stock Co acquired a new stake in shares of Franco-Nevada during the 4th quarter valued at about $7,132,000. Towarzystwo Funduszy Inwestycyjnych Allianz Polska S.A. bought a new stake in Franco-Nevada in the fourth quarter valued at about $641,000. Finally, Public Employees Retirement System of Ohio raised its position in Franco-Nevada by 1.0% in the fourth quarter. Public Employees Retirement System of Ohio now owns 99,257 shares of the basic materials company’s stock worth $11,662,000 after purchasing an additional 994 shares in the last quarter. 77.06% of the stock is currently owned by institutional investors and hedge funds.

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.