Franco-Nevada (TSE:FNV) Downgraded by TD Securities to “Hold”

Franco-Nevada (TSE:FNV) (NYSE:FNV) was downgraded by stock analysts at TD Securities from a “buy” rating to a “hold” rating in a note issued to investors on Tuesday,BayStreet.CA reports. They presently have a C$152.00 target price on the stock. TD Securities’ target price indicates a potential downside of 27.21% from the company’s previous close.

Several other equities analysts also recently weighed in on FNV. CIBC lifted their price target on shares of Franco-Nevada from C$235.00 to C$245.00 in a report on Monday, December 2nd. National Bankshares dropped their target price on shares of Franco-Nevada from C$220.00 to C$215.00 in a research report on Tuesday. UBS Group upgraded Franco-Nevada to a “strong-buy” rating in a research report on Monday, November 18th. Finally, Canaccord Genuity Group dropped their price target on Franco-Nevada from C$198.00 to C$190.00 and set a “strong-buy” rating for the company in a research note on Monday, November 18th. Two research analysts have rated the stock with a hold rating, four have given a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus price target of C$194.10.

Franco-Nevada Trading Up 0.8 %

TSE FNV traded up C$1.60 during trading hours on Tuesday, hitting C$208.83. 208,593 shares of the company’s stock traded hands, compared to its average volume of 266,226. Franco-Nevada has a 52 week low of C$151.37 and a 52 week high of C$213.43. The firm has a market capitalization of C$28.34 billion, a P/E ratio of -45.10, a P/E/G ratio of 5.00 and a beta of 0.68. The business’s fifty day moving average price is C$192.84 and its two-hundred day moving average price is C$178.38.

About Franco-Nevada

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.