Stifel Nicolaus Issues Positive Forecast for Franco-Nevada (TSE:FNV) Stock Price

Franco-Nevada (TSE:FNV) (NYSE:FNV) had its target price raised by research analysts at Stifel Nicolaus from C$220.00 to C$265.00 in a report released on Monday,BayStreet.CA reports. Stifel Nicolaus’ price target points to a potential upside of 11.88% from the company’s current price.

A number of other brokerages also recently commented on FNV. BMO Capital Markets upgraded Franco-Nevada to a “strong-buy” rating in a research report on Wednesday, April 16th. CIBC raised their target price on Franco-Nevada from C$260.00 to C$280.00 in a research report on Thursday. National Bankshares dropped their price target on Franco-Nevada from C$220.00 to C$215.00 in a research report on Tuesday, March 11th. Finally, TD Securities cut Franco-Nevada from a “buy” rating to a “hold” rating and set a C$152.00 target price on the stock. in a research note on Tuesday, March 11th. Two equities research analysts have rated the stock with a hold rating, two have assigned a buy rating and three have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus price target of C$207.88.

Franco-Nevada Trading Down 0.0 %

FNV stock traded down C$0.07 during trading hours on Monday, hitting C$236.86. 226,881 shares of the stock traded hands, compared to its average volume of 319,824. The stock has a 50-day simple moving average of C$214.11 and a 200 day simple moving average of C$189.96. The company has a market cap of C$32.14 billion, a P/E ratio of -51.15, a P/E/G ratio of 5.00 and a beta of 0.68. Franco-Nevada has a one year low of C$156.31 and a one year high of C$245.55.

Insider Transactions at Franco-Nevada

In other Franco-Nevada news, Senior Officer Lena Miller sold 1,700 shares of the company’s stock in a transaction dated Wednesday, March 12th. The shares were sold at an average price of C$210.37, for a total transaction of C$357,620.50. Also, Director Boris De Vries sold 500 shares of the stock in a transaction that occurred on Thursday, March 13th. The shares were sold at an average price of C$217.08, for a total value of C$108,540.35. Insiders have sold a total of 16,054 shares of company stock worth $3,563,292 in the last 90 days. 0.69% of the stock is owned by insiders.

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.