Brokerages Set Franco-Nevada Co. (TSE:FNV) PT at C$192.18

Franco-Nevada Co. (TSE:FNV) (NYSE:FNV) has been given an average rating of “Moderate Buy” by the eight ratings firms that are covering the firm, MarketBeat Ratings reports. Three research analysts have rated the stock with a hold rating and five have issued a buy rating on the company. The average 12 month price target among brokers that have covered the stock in the last year is C$192.18.

A number of equities analysts recently issued reports on the company. Eight Capital upped their price target on Franco-Nevada from C$190.00 to C$200.00 and gave the company a “buy” rating in a report on Monday, April 22nd. National Bankshares boosted their price objective on Franco-Nevada from C$190.00 to C$195.00 and gave the company a “sector perform” rating in a research note on Friday, May 3rd. Stifel Nicolaus boosted their price objective on Franco-Nevada from C$182.00 to C$196.00 and gave the company a “buy” rating in a research note on Friday, April 19th. Raymond James boosted their price objective on Franco-Nevada from C$150.00 to C$151.00 and gave the company an “outperform” rating in a research note on Friday, May 3rd. Finally, Canaccord Genuity Group upped their price target on Franco-Nevada from C$177.00 to C$190.00 in a research note on Tuesday, July 23rd.

Franco-Nevada Stock Performance

TSE FNV opened at C$173.31 on Friday. The company has a market cap of C$33.33 billion, a P/E ratio of -50.09, a P/E/G ratio of 5.00 and a beta of 0.62. The company has a debt-to-equity ratio of 1.63, a current ratio of 29.40 and a quick ratio of 23.26. The stock has a 50-day moving average of C$167.79 and a two-hundred day moving average of C$160.80. Franco-Nevada has a 1-year low of C$139.19 and a 1-year high of C$198.00.

Franco-Nevada (TSE:FNV) (NYSE:FNV) last announced its quarterly earnings results on Wednesday, May 1st. The company reported C$1.02 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of C$0.94 by C$0.08. The firm had revenue of C$346.20 million during the quarter. Franco-Nevada had a negative return on equity of 7.75% and a negative net margin of 39.96%. As a group, analysts anticipate that Franco-Nevada will post 4.5495327 EPS for the current year.

Insider Buying and Selling at Franco-Nevada

In related news, Senior Officer Adrian Wong sold 530 shares of the stock in a transaction on Monday, June 24th. The stock was sold at an average price of C$162.20, for a total transaction of C$85,966.00. In other news, Senior Officer Adrian Wong sold 530 shares of the firm’s stock in a transaction dated Monday, June 24th. The stock was sold at an average price of C$162.20, for a total value of C$85,966.00. Also, Director Catharine Elizabeth Goddard Farrow sold 20,000 shares of the firm’s stock in a transaction dated Wednesday, May 22nd. The shares were sold at an average price of C$171.78, for a total value of C$3,435,562.00. Following the sale, the director now owns 301 shares in the company, valued at C$51,705.21. Over the last 90 days, insiders have sold 33,606 shares of company stock valued at $5,747,182. Insiders own 0.69% 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.