Franco-Nevada Co. (TSE:FNV) Given Consensus Recommendation of “Buy” by Brokerages

Shares of Franco-Nevada Co. (TSE:FNV) (NYSE:FNV) have received an average recommendation of “Buy” from the eight ratings firms that are currently covering the firm, Marketbeat Ratings reports. One research analyst has rated the stock with a hold recommendation, five have issued a buy recommendation and two have issued a strong buy recommendation on the company. The average 1-year target price among brokers that have issued a report on the stock in the last year is C$196.56.

FNV has been the subject of several analyst reports. TD Securities lowered Franco-Nevada from a “buy” rating to a “hold” rating and set a C$152.00 target price on the stock. in a research report on Tuesday. UBS Group raised Franco-Nevada to a “strong-buy” rating in a research report on Monday, November 18th. CIBC raised their price objective on Franco-Nevada from C$235.00 to C$245.00 in a research note on Monday, December 2nd. Canaccord Genuity Group reduced their price target on shares of Franco-Nevada from C$198.00 to C$190.00 and set a “strong-buy” rating for the company in a research report on Monday, November 18th. Finally, National Bankshares decreased their price target on shares of Franco-Nevada from C$220.00 to C$215.00 in a research note on Tuesday.

Franco-Nevada Stock Up 0.9 %

Franco-Nevada stock traded up C$1.85 during trading hours on Tuesday, hitting C$209.08. The stock had a trading volume of 212,928 shares, compared to its average volume of 266,226. The business’s 50 day simple moving average is C$192.84 and its 200-day simple moving average is C$178.38. The stock has a market cap of C$28.37 billion, a price-to-earnings ratio of -45.15, a P/E/G ratio of 5.00 and a beta of 0.68. Franco-Nevada has a one year low of C$151.37 and a one year high of C$213.43.

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.