Franco-Nevada (NYSE:FNV) Given New $200.00 Price Target at HC Wainwright

Franco-Nevada (NYSE:FNV) (TSE:FNV) had its price target upped by research analysts at HC Wainwright from $185.00 to $200.00 in a research note issued to investors on Friday,Benzinga reports. The firm presently has a “buy” rating on the basic materials company’s stock. HC Wainwright’s price target would indicate a potential upside of 58.27% from the stock’s previous close.

Several other brokerages have also issued reports on FNV. StockNews.com raised Franco-Nevada from a “sell” rating to a “hold” rating in a research report on Thursday, August 22nd. Jefferies Financial Group lowered their price objective on Franco-Nevada from $137.00 to $136.00 and set a “hold” rating on the stock in a research report on Thursday, October 17th. TD Securities upgraded shares of Franco-Nevada from a “hold” rating to a “buy” rating in a research note on Thursday, August 15th. TD Cowen raised Franco-Nevada from a “hold” rating to a “buy” rating in a report on Thursday, August 15th. Finally, Scotiabank raised their price objective on shares of Franco-Nevada from $141.00 to $142.00 and gave the stock a “sector perform” rating in a report on Monday, August 19th. Four investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat.com, Franco-Nevada has an average rating of “Moderate Buy” and a consensus price target of $156.57.

Franco-Nevada Stock Down 4.4 %

NYSE:FNV opened at $126.37 on Friday. Franco-Nevada has a twelve month low of $102.29 and a twelve month high of $137.60. The stock has a market cap of $24.33 billion, a P/E ratio of -39.99, a PEG ratio of 22.08 and a beta of 0.75. The business’s 50-day moving average price is $126.65 and its two-hundred day moving average price is $124.10.

Franco-Nevada (NYSE:FNV) (TSE:FNV) last issued its earnings results on Wednesday, November 6th. The basic materials company reported $0.80 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.83 by ($0.03). Franco-Nevada had a positive return on equity of 10.56% and a negative net margin of 51.64%. The firm had revenue of $275.70 million during the quarter, compared to analysts’ expectations of $279.11 million. During the same period in the prior year, the company earned $0.91 EPS. The firm’s quarterly revenue was down 10.9% compared to the same quarter last year. On average, equities research analysts expect that Franco-Nevada will post 3.25 EPS for the current fiscal year.

Institutional Trading of Franco-Nevada

Several institutional investors and hedge funds have recently bought and sold shares of the business. Beddow Capital Management Inc. raised its position in Franco-Nevada by 1.4% during the third quarter. Beddow Capital Management Inc. now owns 57,882 shares of the basic materials company’s stock worth $7,192,000 after acquiring an additional 790 shares during the period. Drive Wealth Management LLC boosted its position in shares of Franco-Nevada by 11.9% during the 3rd quarter. Drive Wealth Management LLC now owns 3,355 shares of the basic materials company’s stock worth $417,000 after purchasing an additional 356 shares during the period. Swiss National Bank boosted its holdings in Franco-Nevada by 0.8% during the 3rd quarter. Swiss National Bank now owns 581,560 shares of the basic materials company’s stock valued at $72,347,000 after acquiring an additional 4,900 shares during the period. Natixis Advisors LLC increased its position in shares of Franco-Nevada by 6.5% during the third quarter. Natixis Advisors LLC now owns 20,404 shares of the basic materials company’s stock worth $2,535,000 after acquiring an additional 1,237 shares during the period. Finally, Metis Global Partners LLC raised its holdings in Franco-Nevada by 22.7% in the third quarter. Metis Global Partners LLC now owns 15,153 shares of the basic materials company’s stock valued at $1,882,000 after acquiring an additional 2,807 shares in the last quarter. 77.06% of the stock is currently owned by institutional investors and hedge funds.

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.