Franco-Nevada (NYSE:FNV) Price Target Raised to $180.00 at HC Wainwright

Franco-Nevada (NYSE:FNV) (TSE:FNV) had its target price hoisted by equities researchers at HC Wainwright from $165.00 to $180.00 in a report released on Wednesday,Briefing.com Automated Import reports. The firm currently has a “buy” rating on the basic materials company’s stock. HC Wainwright’s target price suggests a potential upside of 15.58% from the stock’s previous close.

A number of other equities analysts also recently commented on FNV. 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 note on Tuesday, March 11th. TD Securities cut Franco-Nevada from a “buy” rating to a “hold” rating and set a $152.00 price target for the company. in a research report on Tuesday, March 11th. Raymond James boosted their price target on Franco-Nevada from $160.00 to $162.00 and gave the stock an “outperform” rating in a research report on Tuesday, March 11th. Royal Bank of Canada increased their price objective on 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 boosted their target price on shares of Franco-Nevada from $145.00 to $150.00 and gave the stock a “sector perform” rating in a report on Tuesday, March 11th. Five research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $155.50.

Franco-Nevada Stock Performance

NYSE:FNV opened at $155.74 on Wednesday. The company has a market cap of $29.99 billion, a PE ratio of -49.28, a PEG ratio of 9.78 and a beta of 0.73. The stock has a 50-day simple moving average of $140.84 and a 200 day simple moving average of $129.88. Franco-Nevada has a 52-week low of $112.70 and a 52-week high of $158.52.

Franco-Nevada (NYSE:FNV) (TSE:FNV) last issued its quarterly earnings results on Monday, March 10th. The basic materials company reported $0.95 earnings per share for the quarter, topping the consensus estimate of $0.90 by $0.05. The company had revenue of $321.00 million during the quarter, compared to analysts’ expectations of $304.33 million. Franco-Nevada had a negative net margin of 55.28% and a positive return on equity of 10.55%. The business’s quarterly revenue was up 5.8% on a year-over-year basis. During the same period last year, the business earned $0.90 EPS. On average, research analysts predict that Franco-Nevada will post 3.09 earnings per share for the current fiscal year.

Institutional Trading of Franco-Nevada

A number of hedge funds have recently modified their holdings of the stock. Wellington Management Group LLP boosted its holdings in shares of Franco-Nevada by 35.0% during the fourth quarter. Wellington Management Group LLP now owns 105,225 shares of the basic materials company’s stock worth $12,359,000 after acquiring an additional 27,299 shares during the period. Wealth Enhancement Advisory Services LLC boosted its stake in Franco-Nevada by 35.7% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 3,699 shares of the basic materials company’s stock valued at $435,000 after purchasing an additional 973 shares during the period. PKO Investment Management Joint Stock Co acquired a new position in Franco-Nevada in the 4th quarter valued at $7,132,000. Towarzystwo Funduszy Inwestycyjnych Allianz Polska S.A. bought a new position in Franco-Nevada during the 4th quarter worth $641,000. Finally, Public Employees Retirement System of Ohio lifted its holdings in shares of Franco-Nevada by 1.0% during the fourth quarter. Public Employees Retirement System of Ohio now owns 99,257 shares of the basic materials company’s stock worth $11,662,000 after buying an additional 994 shares in the last quarter. Institutional investors and hedge funds own 77.06% 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.