Brokerages Set Franco-Nevada Co. (TSE:FNV) Price Target at C$196.56

Shares of Franco-Nevada Co. (TSE:FNV) (NYSE:FNV) have been assigned an average rating of “Buy” from the eight analysts that are currently covering the company, Marketbeat.com reports. Two analysts have rated the stock with a hold recommendation, four have issued a buy recommendation and two have given a strong buy recommendation to the company. The average twelve-month price objective among analysts that have updated their coverage on the stock in the last year is C$194.10.

Several equities research analysts recently issued reports on FNV shares. TD Securities lowered shares of Franco-Nevada from a “buy” rating to a “hold” rating and set a C$152.00 price objective for the company. in a research note on Tuesday, March 11th. National Bankshares dropped their target price on shares of Franco-Nevada from C$220.00 to C$215.00 in a report on Tuesday, March 11th. UBS Group upgraded shares of Franco-Nevada to a “strong-buy” rating in a report on Monday, November 18th. CIBC lifted their target price on shares of Franco-Nevada from C$235.00 to C$245.00 in a report on Monday, December 2nd. Finally, Canaccord Genuity Group dropped their price objective on shares of Franco-Nevada from C$198.00 to C$190.00 and set a “strong-buy” rating on the stock in a report on Monday, November 18th.

Insider Activity at Franco-Nevada

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

Franco-Nevada Trading Up 1.7 %

FNV stock opened at C$220.26 on Tuesday. Franco-Nevada has a 1 year low of C$153.65 and a 1 year high of C$221.06. The company has a fifty day simple moving average of C$196.24 and a 200 day simple moving average of C$179.61. The firm has a market cap of C$29.89 billion, a PE ratio of -47.57, a PEG ratio of 5.00 and a beta of 0.68.

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.