Franco-Nevada (TSE:FNV) Upgraded to Strong-Buy at TD Securities

Franco-Nevada (TSE:FNV) (NYSE:FNV) was upgraded by stock analysts at TD Securities from a “hold” rating to a “strong-buy” rating in a research note issued to investors on Wednesday,Zacks.com reports.

Other analysts have also issued research reports about the company. BMO Capital Markets increased their target price on Franco-Nevada from C$370.00 to C$410.00 in a research note on Wednesday, April 22nd. Stifel Nicolaus increased their price target on Franco-Nevada from C$340.00 to C$380.00 in a research report on Tuesday, February 10th. Bank of America increased their price target on Franco-Nevada from C$367.00 to C$384.00 in a research report on Thursday, February 26th. National Bank Financial raised Franco-Nevada from a “hold” rating to a “strong-buy” rating and increased their price target for the stock from C$410.00 to C$420.00 in a research report on Wednesday, May 13th. Finally, Canaccord Genuity Group raised Franco-Nevada from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, April 29th. Three equities research analysts have rated the stock with a Strong Buy rating and two have issued a Buy rating to the company’s stock. According to MarketBeat, Franco-Nevada currently has an average rating of “Strong Buy” and a consensus target price of C$355.44.

Franco-Nevada Stock Up 1.1%

FNV stock opened at C$309.61 on Wednesday. The business’s fifty day simple moving average is C$335.25 and its two-hundred day simple moving average is C$320.37. Franco-Nevada has a twelve month low of C$210.19 and a twelve month high of C$388.22. The firm has a market cap of C$59.71 billion, a price-to-earnings ratio of 43.61, a PEG ratio of 5.00 and a beta of 0.97.

Franco-Nevada (TSE:FNV) (NYSE:FNV) last released its earnings results on Tuesday, May 12th. The company reported C$3.31 earnings per share for the quarter. Franco-Nevada had a return on equity of 18.67% and a net margin of 65.14%.The business had revenue of C$904.67 million for the quarter. Research analysts expect that Franco-Nevada will post 3.1114111 EPS for the current 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.