Franco-Nevada (TSE:FNV) Upgraded to Strong-Buy at National Bank Financial

National Bank Financial upgraded shares of Franco-Nevada (TSE:FNV) (NYSE:FNV) from a hold rating to a strong-buy rating in a report released on Wednesday morning,Zacks.com reports.

A number of other research analysts also recently issued reports on the stock. Canaccord Genuity Group upgraded shares of Franco-Nevada from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, April 29th. BMO Capital Markets lifted their price target on shares of Franco-Nevada from C$370.00 to C$410.00 in a research note on Wednesday, April 22nd. Canadian Imperial Bank of Commerce lifted their price target on shares of Franco-Nevada from C$460.00 to C$480.00 in a research note on Wednesday, February 4th. Stifel Nicolaus lifted their price target on shares of Franco-Nevada from C$340.00 to C$380.00 in a research note on Tuesday, February 10th. Finally, Bank of America lifted their price target on shares of Franco-Nevada from C$367.00 to C$384.00 in a research note on Thursday, February 26th. Two equities research analysts have rated the stock with a Strong Buy rating, two have issued a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Buy” and an average price target of C$353.22.

Franco-Nevada Trading Up 1.3%

Shares of FNV stock opened at C$329.87 on Wednesday. The company has a debt-to-equity ratio of 0.11, a quick ratio of 23.26 and a current ratio of 8.30. The stock has a market capitalization of C$63.60 billion, a P/E ratio of 57.27, a price-to-earnings-growth ratio of 5.00 and a beta of 0.97. The company has a 50 day moving average price of C$339.49 and a 200 day moving average price of C$318.58. Franco-Nevada has a fifty-two week low of C$210.19 and a fifty-two week high of C$388.22.

Franco-Nevada (TSE:FNV) (NYSE:FNV) last announced its quarterly earnings data on Tuesday, May 12th. The company reported C$3.31 earnings per share for the quarter. The firm had revenue of C$904.67 million during the quarter. Franco-Nevada had a net margin of 61.07% and a return on equity of 16.25%. Equities research analysts predict that Franco-Nevada will post 3.1114111 EPS for the current fiscal year.

Franco-Nevada Company Profile

Franco-Nevada Corp is a precious-metals-focused royalty and investment company. The company owns a diversified portfolio of precious metals and royalty streams, which is actively managed to generate the bulk of its revenue from gold, silver, and platinum. The company does not operate mines, develop projects, or conduct exploration. Franco-Nevada’s short-term financial performance is linked to the price of commodities and the amount of production from its portfolio of producing assets. Its long-term performance is affected by the availability of exploration and development capital.