StockNews.com Upgrades Franco-Nevada (NYSE:FNV) to “Buy”

Franco-Nevada (NYSE:FNV) (TSE:FNV) was upgraded by equities researchers at StockNews.com from a “hold” rating to a “buy” rating in a report issued on Wednesday.

Other equities research analysts have also issued research reports about the stock. TD Securities lowered shares of Franco-Nevada from a “buy” rating to a “hold” rating and set a $152.00 price objective for the company. in a research report on Tuesday, March 11th. UBS Group increased their price objective on shares of Franco-Nevada from $165.00 to $170.00 and gave the stock a “buy” rating in a research report on Tuesday, March 11th. HC Wainwright increased their price objective on shares of Franco-Nevada from $155.00 to $165.00 and gave the stock a “buy” rating in a research 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. Finally, Scotiabank raised their price target on shares of Franco-Nevada from $145.00 to $150.00 and gave the company a “sector perform” rating in a report on Tuesday, March 11th. Five investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to MarketBeat.com, Franco-Nevada has an average rating of “Moderate Buy” and a consensus price target of $153.63.

Franco-Nevada Stock Performance

Shares of FNV stock opened at $155.55 on Wednesday. Franco-Nevada has a one year low of $112.70 and a one year high of $156.82. The company has a 50 day moving average price of $139.06 and a 200 day moving average price of $128.98. The firm has a market capitalization of $29.95 billion, a price-to-earnings ratio of -49.22, a price-to-earnings-growth ratio of 9.78 and a beta of 0.73.

Franco-Nevada (NYSE:FNV) (TSE:FNV) last released its quarterly earnings data on Monday, March 10th. The basic materials company reported $0.95 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.90 by $0.05. Franco-Nevada had a negative net margin of 55.28% and a positive return on equity of 10.55%. The company had revenue of $321.00 million during the quarter, compared to analyst estimates of $304.33 million. During the same quarter in the prior year, the business earned $0.90 earnings per share. The business’s quarterly revenue was up 5.8% compared to the same quarter last year. As a group, equities analysts forecast that Franco-Nevada will post 3.09 EPS for the current fiscal year.

Institutional Trading of Franco-Nevada

Several hedge funds have recently bought and sold shares of FNV. Laurel Wealth Advisors LLC bought a new stake in Franco-Nevada in the 4th quarter valued at about $47,000. Physician Wealth Advisors Inc. bought a new stake in Franco-Nevada in the 4th quarter valued at about $49,000. Point72 DIFC Ltd bought a new stake in Franco-Nevada in the 3rd quarter valued at about $52,000. Harbour Investments Inc. lifted its position in Franco-Nevada by 25.8% in the 4th quarter. Harbour Investments Inc. now owns 453 shares of the basic materials company’s stock valued at $53,000 after purchasing an additional 93 shares during the last quarter. Finally, Erste Asset Management GmbH bought a new stake in Franco-Nevada in the 3rd quarter valued at about $55,000. 77.06% of the stock is currently owned by institutional investors.

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.