Franco-Nevada (TSE:FNV) Given New C$245.00 Price Target at CIBC

Franco-Nevada (TSE:FNV) (NYSE:FNV) had its price objective raised by CIBC from C$235.00 to C$245.00 in a report issued on Monday,BayStreet.CA reports. CIBC’s price objective would indicate a potential upside of 42.93% from the company’s current price.

Several other equities research analysts have also recently commented on the company. UBS Group raised Franco-Nevada to a “strong-buy” rating in a research note on Monday, November 18th. Stifel Nicolaus upped their target price on Franco-Nevada from C$200.00 to C$215.00 in a research report on Monday, October 21st. National Bankshares decreased their target price on Franco-Nevada from C$200.00 to C$195.00 in a research report on Thursday, August 15th. Canaccord Genuity Group decreased their target price on Franco-Nevada from C$198.00 to C$190.00 and set a “strong-buy” rating for the company in a research report on Monday, November 18th. Finally, TD Securities raised Franco-Nevada from a “hold” rating to a “buy” rating in a research report on Thursday, August 15th. Two equities research analysts have rated the stock with a hold rating, five have issued a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat, Franco-Nevada has a consensus rating of “Buy” and an average target price of C$190.80.

Franco-Nevada Stock Down 0.0 %

Shares of TSE FNV traded down C$0.03 during trading hours on Monday, hitting C$171.41. The stock had a trading volume of 19,607 shares, compared to its average volume of 327,928. The company has a market capitalization of C$32.98 billion, a P/E ratio of -40.91, a P/E/G ratio of 5.00 and a beta of 0.68. The firm’s 50-day moving average price is C$173.44 and its two-hundred day moving average price is C$169.76. Franco-Nevada has a 52 week low of C$139.19 and a 52 week high of C$191.17. The company has a debt-to-equity ratio of 1.63, a quick ratio of 23.26 and a current ratio of 29.11.

Insider Buying and Selling at Franco-Nevada

In other Franco-Nevada news, Director Nicholas Hugo Housby Dryland purchased 805 shares of the company’s stock in a transaction dated Monday, September 16th. The shares were bought at an average price of C$168.95 per share, with a total value of C$136,001.53. Following the completion of the transaction, the director now directly owns 805 shares in the company, valued at C$136,001.53. This trade represents a ∞ increase in their position. Insiders own 0.69% of the company’s stock.

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.