CIBC Lowers Franco-Nevada (TSE:FNV) Price Target to C$235.00

Franco-Nevada (TSE:FNV) (NYSE:FNV) had its target price cut by equities research analysts at CIBC from C$265.00 to C$235.00 in a report issued on Friday,BayStreet.CA reports. CIBC’s price objective points to a potential upside of 37.92% from the stock’s previous close.

Several other research analysts also recently commented on the stock. National Bankshares reduced their price target on shares of Franco-Nevada from C$200.00 to C$195.00 in a research note on Thursday, August 15th. Canaccord Genuity Group raised their target price on shares of Franco-Nevada from C$177.00 to C$190.00 in a research report on Tuesday, July 23rd. Stifel Nicolaus raised their target price on shares of Franco-Nevada from C$200.00 to C$215.00 in a research report on Monday, October 21st. BMO Capital Markets raised their target price on shares of Franco-Nevada from C$200.00 to C$210.00 and gave the company an “outperform” rating in a research report on Tuesday, July 16th. Finally, TD Securities raised shares of Franco-Nevada from a “hold” rating to a “buy” rating in a research report on Thursday, August 15th. Three analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of C$189.80.

Franco-Nevada Trading Down 2.8 %

FNV stock opened at C$170.39 on Friday. The company has a market capitalization of C$32.79 billion, a PE ratio of -40.67, a P/E/G ratio of 5.00 and a beta of 0.68. Franco-Nevada has a 12 month low of C$139.19 and a 12 month high of C$191.17. The firm’s 50-day moving average is C$172.43 and its 200 day moving average is C$169.44. The company has a debt-to-equity ratio of 1.63, a current ratio of 29.11 and a quick ratio of 23.26.

Franco-Nevada (TSE:FNV) (NYSE:FNV) last posted its quarterly earnings results on Tuesday, August 13th. The company reported C$1.03 EPS for the quarter, missing the consensus estimate of C$1.07 by C($0.04). The company had revenue of C$355.88 million during the quarter. Franco-Nevada had a negative return on equity of 9.32% and a negative net margin of 51.92%. On average, research analysts anticipate that Franco-Nevada will post 3.1114111 EPS for the current year.

Insider Activity

In other news, Director Nicholas Hugo Housby Dryland purchased 805 shares of the stock in a transaction dated Monday, September 16th. The shares were acquired at an average cost of C$168.95 per share, for a total transaction of C$136,001.53. Following the acquisition, the director now owns 805 shares of the company’s stock, valued at approximately C$136,001.53. Company insiders own 0.69% of the company’s stock.

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.