Franco-Nevada (NYSE:FNV) Price Target Raised to $200.00 at HC Wainwright

Franco-Nevada (NYSE:FNV) (TSE:FNV) had its price objective hoisted by equities researchers at HC Wainwright from $185.00 to $200.00 in a report released 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 company’s current price.

FNV has been the subject of a number of other research reports. TD Securities upgraded Franco-Nevada from a “hold” rating to a “buy” rating in a research note on Thursday, August 15th. Bank of America lowered Franco-Nevada from a “buy” rating to a “neutral” rating and lowered their target price for the company from $142.00 to $139.00 in a report on Tuesday, October 1st. Jefferies Financial Group cut their price objective on shares of Franco-Nevada from $137.00 to $136.00 and set a “hold” rating on the stock in a research report on Thursday, October 17th. StockNews.com raised Franco-Nevada from a “sell” rating to a “hold” rating in a research note on Thursday, August 22nd. Finally, Scotiabank increased their price target on Franco-Nevada from $141.00 to $142.00 and gave the company a “sector perform” rating in a research note on Monday, August 19th. Four investment analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $156.57.

Franco-Nevada Trading Down 4.4 %

FNV stock opened at $126.37 on Friday. Franco-Nevada has a 52 week low of $102.29 and a 52 week high of $137.60. The company has a market cap of $24.33 billion, a P/E ratio of -39.99, a P/E/G ratio of 22.08 and a beta of 0.75. The company’s 50-day moving average price is $126.65 and its 200 day moving average price is $124.10.

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

Institutional Investors Weigh In On Franco-Nevada

Several hedge funds and other institutional investors have recently made changes to their positions in FNV. Janney Montgomery Scott LLC lifted its position in Franco-Nevada by 7.2% in the 1st quarter. Janney Montgomery Scott LLC now owns 14,248 shares of the basic materials company’s stock valued at $1,698,000 after acquiring an additional 963 shares in the last quarter. Geneos Wealth Management Inc. lifted its position in Franco-Nevada by 6.2% during the first quarter. Geneos Wealth Management Inc. now owns 3,004 shares of the basic materials company’s stock worth $358,000 after purchasing an additional 175 shares during the period. Forsta AP Fonden lifted its holdings in shares of Franco-Nevada by 6.7% during the 1st quarter. Forsta AP Fonden now owns 38,000 shares of the basic materials company’s stock worth $4,532,000 after acquiring an additional 2,400 shares during the period. Tectonic Advisors LLC boosted its holdings in shares of Franco-Nevada by 6.9% in the 1st quarter. Tectonic Advisors LLC now owns 5,259 shares of the basic materials company’s stock valued at $627,000 after purchasing an additional 339 shares in the last quarter. Finally, Susquehanna Fundamental Investments LLC acquired a new stake in Franco-Nevada in the first quarter valued at about $1,347,000. 77.06% of the stock is 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.