Franco-Nevada (NYSE:FNV) Given New $181.00 Price Target at Raymond James

Franco-Nevada (NYSE:FNV) (TSE:FNV) had its price objective raised by Raymond James from $162.00 to $181.00 in a research report issued to clients and investors on Friday,Benzinga reports. The firm presently has an “outperform” rating on the basic materials company’s stock. Raymond James’ price objective suggests a potential upside of 22.26% from the stock’s current price.

Other equities analysts have also recently issued research reports about the company. UBS Group upped their price target on Franco-Nevada from $165.00 to $170.00 and gave the stock a “buy” rating in a report on Tuesday, March 11th. Royal Bank of Canada raised their price target on shares of Franco-Nevada from $145.00 to $155.00 and gave the company a “sector perform” rating in a report on Tuesday, February 11th. StockNews.com upgraded shares of Franco-Nevada from a “hold” rating to a “buy” rating in a report on Wednesday, March 19th. TD Securities lowered Franco-Nevada from a “buy” rating to a “hold” rating and set a $152.00 target price on the stock. in a research report on Tuesday, March 11th. Finally, Scotiabank increased their price target on Franco-Nevada from $145.00 to $150.00 and gave the company a “sector perform” rating in a report on Tuesday, March 11th. Five analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $157.88.

Franco-Nevada Trading Down 6.7 %

FNV traded down $10.68 during trading on Friday, hitting $148.04. 1,009,782 shares of the company’s stock were exchanged, compared to its average volume of 661,712. The stock has a 50 day moving average price of $144.90 and a 200 day moving average price of $131.43. Franco-Nevada has a 1 year low of $112.70 and a 1 year high of $161.36. The firm has a market cap of $28.51 billion, a P/E ratio of -46.76, a price-to-earnings-growth ratio of 9.78 and a beta of 0.73.

Franco-Nevada (NYSE:FNV) (TSE:FNV) last announced its quarterly earnings results on Monday, March 10th. The basic materials company reported $0.95 earnings per share (EPS) for the quarter, beating the consensus estimate 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 firm’s quarterly revenue was up 5.8% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.90 EPS. Analysts forecast that Franco-Nevada will post 3.09 earnings per share for the current fiscal year.

Institutional Trading of Franco-Nevada

A number of institutional investors and hedge funds have recently modified their holdings of the business. Laurel Wealth Advisors LLC bought a new position in Franco-Nevada in the fourth quarter worth about $47,000. Physician Wealth Advisors Inc. bought a new stake in shares of Franco-Nevada in the 4th quarter worth approximately $49,000. Point72 DIFC Ltd acquired a new position in Franco-Nevada during the 3rd quarter valued at approximately $52,000. Harbour Investments Inc. grew its stake in Franco-Nevada by 25.8% during the 4th quarter. Harbour Investments Inc. now owns 453 shares of the basic materials company’s stock worth $53,000 after buying an additional 93 shares during the last quarter. Finally, Versant Capital Management Inc bought a new stake in Franco-Nevada in the first quarter valued at $55,000. 77.06% of the stock is 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.