Franco-Nevada Co. (TSE:FNV) Receives Consensus Rating of “Moderate Buy” from Analysts

Shares of Franco-Nevada Co. (TSE:FNV) (NYSE:FNV) have received an average rating of “Moderate Buy” from the eight ratings firms that are presently covering the firm, MarketBeat reports. Three investment analysts have rated the stock with a hold rating and five have given a buy rating to the company. The average 12 month price target among brokers that have updated their coverage on the stock in the last year is C$192.18.

Several research analysts have recently issued reports on FNV shares. National Bankshares upped their target price on shares of Franco-Nevada from C$190.00 to C$195.00 and gave the stock a “sector perform” rating in a research note on Friday, May 3rd. CIBC boosted their price objective on shares of Franco-Nevada from C$250.00 to C$265.00 in a report on Wednesday, July 10th. Stifel Nicolaus boosted their price objective on shares of Franco-Nevada from C$182.00 to C$196.00 and gave the company a “buy” rating in a report on Friday, April 19th. Veritas Investment Research boosted their price objective on shares of Franco-Nevada from C$149.00 to C$173.00 in a report on Friday, April 12th. Finally, Eight Capital boosted their price objective on shares of Franco-Nevada from C$190.00 to C$200.00 and gave the company a “buy” rating in a report on Monday, April 22nd.

Insider Buying and Selling at Franco-Nevada

In other Franco-Nevada news, Director Jacques Perron bought 290 shares of Franco-Nevada stock in a transaction on Tuesday, May 7th. The stock was acquired at an average cost of C$173.05 per share, with a total value of C$50,184.50. Following the completion of the acquisition, the director now owns 983 shares in the company, valued at C$170,108.15. In other news, Director Catharine Elizabeth Goddard Farrow sold 20,000 shares of the stock in a transaction on Wednesday, May 22nd. The shares were sold at an average price of C$171.78, for a total value of C$3,435,562.00. Following the completion of the sale, the director now directly owns 301 shares of the company’s stock, valued at C$51,705.21. Also, Director Jacques Perron acquired 290 shares of Franco-Nevada stock in a transaction dated Tuesday, May 7th. The stock was purchased at an average cost of C$173.05 per share, with a total value of C$50,184.50. Following the completion of the purchase, the director now owns 983 shares of the company’s stock, valued at C$170,108.15. Over the last ninety days, insiders sold 33,606 shares of company stock valued at $5,747,182. Insiders own 0.69% of the company’s stock.

Franco-Nevada Trading Down 1.7 %

TSE:FNV opened at C$173.31 on Friday. The company’s 50-day simple moving average is C$167.79 and its 200 day simple moving average is C$160.80. The firm has a market capitalization of C$33.33 billion, a P/E ratio of -50.09, a PEG ratio of 5.00 and a beta of 0.62. Franco-Nevada has a one year low of C$139.19 and a one year high of C$198.00. The company has a debt-to-equity ratio of 1.63, a current ratio of 29.40 and a quick ratio of 23.26.

Franco-Nevada (TSE:FNV) (NYSE:FNV) last issued its earnings results on Wednesday, May 1st. The company reported C$1.02 earnings per share (EPS) for the quarter, topping the consensus estimate of C$0.94 by C$0.08. The firm had revenue of C$346.20 million for the quarter. Franco-Nevada had a negative net margin of 39.96% and a negative return on equity of 7.75%. As a group, analysts forecast that Franco-Nevada will post 4.5495327 EPS for the current fiscal year.

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.