Franco-Nevada (NYSE:FNV) Stock Rating Upgraded by StockNews.com

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 Monday.

A number of other research analysts have also weighed in on FNV. Scotiabank upped their price objective on Franco-Nevada from $145.00 to $150.00 and gave the stock a “sector perform” rating in a report on Tuesday, March 11th. Raymond James upped their price objective on Franco-Nevada from $162.00 to $181.00 and gave the company an “outperform” rating in a research report on Friday. TD Securities lowered shares of Franco-Nevada from a “buy” rating to a “hold” rating and set a $152.00 target price on the stock. in a research report on Tuesday, March 11th. HC Wainwright raised their price target on Franco-Nevada from $165.00 to $180.00 and gave the stock a “buy” rating in a research note on Wednesday, March 26th. Finally, National Bankshares reissued a “sector perform” rating on shares of Franco-Nevada in a research note on Wednesday, April 2nd. Six research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $157.88.

Franco-Nevada Stock Up 0.3 %

Franco-Nevada stock traded up $0.37 during mid-day trading on Monday, hitting $145.39. The company had a trading volume of 1,431,840 shares, compared to its average volume of 668,592. Franco-Nevada has a 1 year low of $112.70 and a 1 year high of $161.36. The stock has a market cap of $28.00 billion, a price-to-earnings ratio of -46.01, a PEG ratio of 9.78 and a beta of 0.68. The business has a fifty day moving average of $145.51 and a 200 day moving average of $131.81.

Franco-Nevada (NYSE:FNV) (TSE:FNV) last issued 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. The company had revenue of $321.00 million for the quarter, compared to the consensus estimate of $304.33 million. Franco-Nevada had a negative net margin of 55.28% and a positive return on equity of 10.55%. Franco-Nevada’s revenue for the quarter was up 5.8% on a year-over-year basis. During the same period last year, the firm posted $0.90 EPS. Equities analysts anticipate that Franco-Nevada will post 3.09 earnings per share for the current year.

Institutional Investors Weigh In On Franco-Nevada

Several hedge funds and other institutional investors have recently added to or reduced their stakes in FNV. Nexus Investment Management ULC acquired a new position in shares of Franco-Nevada in the 1st quarter valued at approximately $35,000. Laurel Wealth Advisors LLC bought a new stake in Franco-Nevada in the fourth quarter valued at about $47,000. Physician Wealth Advisors Inc. acquired a new stake in Franco-Nevada during the fourth quarter valued at approximately $49,000. Point72 DIFC Ltd bought a new position in Franco-Nevada during the 3rd quarter worth approximately $52,000. Finally, Harbour Investments Inc. grew its position in shares of Franco-Nevada by 25.8% in the 4th quarter. Harbour Investments Inc. now owns 453 shares of the basic materials company’s stock worth $53,000 after acquiring an additional 93 shares in the last quarter. Hedge funds and other institutional investors own 77.06% of the company’s stock.

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.