Franco-Nevada (NYSE:FNV) Stock Price Expected to Rise, Raymond James Analyst Says

Franco-Nevada (NYSE:FNV) (TSE:FNV) had its price objective upped by investment analysts at Raymond James from $162.00 to $181.00 in a research report issued to clients and investors on Friday,Benzinga reports. The brokerage presently has an “outperform” rating on the basic materials company’s stock. Raymond James’ price objective suggests a potential upside of 24.95% from the stock’s current price.

A number of other research firms have also recently commented on FNV. HC Wainwright lifted their price target on shares of Franco-Nevada from $165.00 to $180.00 and gave the stock a “buy” rating in a report on Wednesday, March 26th. StockNews.com upgraded Franco-Nevada from a “hold” rating to a “buy” rating in a research note on Wednesday, March 19th. UBS Group upped their price target on Franco-Nevada from $165.00 to $170.00 and gave the company a “buy” rating in a research report on Tuesday, March 11th. Scotiabank lifted their price objective on Franco-Nevada from $145.00 to $150.00 and gave the stock a “sector perform” rating in a report on Tuesday, March 11th. Finally, TD Securities downgraded shares of Franco-Nevada from a “buy” rating to a “hold” rating and set a $152.00 price objective on the stock. in a report on Tuesday, March 11th. Five research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $157.88.

Franco-Nevada Stock Down 8.7 %

Franco-Nevada stock opened at $144.86 on Friday. The stock has a market cap of $27.89 billion, a P/E ratio of -45.84, a P/E/G ratio of 9.78 and a beta of 0.68. The company’s 50 day moving average price is $145.19 and its two-hundred day moving average price is $131.62. Franco-Nevada has a 52 week low of $112.70 and a 52 week high of $161.36.

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

Institutional Investors Weigh In On Franco-Nevada

Several institutional investors have recently bought and sold shares of FNV. Laurel Wealth Advisors LLC bought a new stake in Franco-Nevada in the fourth quarter valued at approximately $47,000. Physician Wealth Advisors Inc. purchased a new position in shares of Franco-Nevada in the fourth quarter worth $49,000. Point72 DIFC Ltd bought a new stake in Franco-Nevada during the 3rd quarter valued at $52,000. Harbour Investments Inc. boosted its position in Franco-Nevada by 25.8% during the 4th quarter. Harbour Investments Inc. now owns 453 shares of the basic materials company’s stock valued at $53,000 after buying an additional 93 shares during the period. Finally, Versant Capital Management Inc bought a new stake in Franco-Nevada in the 1st quarter worth $55,000. 77.06% of the stock is currently owned by hedge funds and other institutional investors.

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.