CIBC Issues Pessimistic Forecast for Franco-Nevada (TSE:FNV) Stock Price

Franco-Nevada (TSE:FNV) (NYSE:FNV) had its price target cut by CIBC from C$265.00 to C$235.00 in a research note issued on Friday,BayStreet.CA reports. CIBC’s price objective suggests a potential upside of 37.92% from the company’s previous close.

A number of other research firms have also weighed in on FNV. BMO Capital Markets upped their price target on shares of Franco-Nevada from C$200.00 to C$210.00 and gave the stock an “outperform” rating in a research report on Tuesday, July 16th. TD Securities upgraded shares of Franco-Nevada from a “hold” rating to a “buy” rating in a research report on Thursday, August 15th. Stifel Nicolaus upped their target price on shares of Franco-Nevada from C$200.00 to C$215.00 in a research report on Monday, October 21st. Canaccord Genuity Group upped their target price on shares of Franco-Nevada from C$177.00 to C$190.00 in a research report on Tuesday, July 23rd. Finally, National Bankshares dropped their target price on shares of Franco-Nevada from C$200.00 to C$195.00 in a research report on Thursday, August 15th. Three investment analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of C$189.80.

Franco-Nevada Stock Down 2.8 %

Shares of FNV stock opened at C$170.39 on Friday. Franco-Nevada has a 12 month low of C$139.19 and a 12 month high of C$191.17. The stock has a market cap of C$32.79 billion, a P/E ratio of -40.67, a P/E/G ratio of 5.00 and a beta of 0.68. The company has a current ratio of 29.11, a quick ratio of 23.26 and a debt-to-equity ratio of 1.63. The company has a 50 day simple moving average of C$172.43 and a two-hundred day simple moving average of C$169.44.

Franco-Nevada (TSE:FNV) (NYSE:FNV) last posted its quarterly earnings results on Tuesday, August 13th. The company reported C$1.03 earnings per share for the quarter, missing analysts’ consensus estimates of C$1.07 by C($0.04). The firm had revenue of C$355.88 million during the quarter. Franco-Nevada had a negative return on equity of 9.32% and a negative net margin of 51.92%. On average, research analysts expect that Franco-Nevada will post 3.1114111 earnings per share for the current year.

Insider Buying and Selling at Franco-Nevada

In other Franco-Nevada news, Director Nicholas Hugo Housby Dryland acquired 805 shares of the stock in a transaction on Monday, September 16th. The stock was acquired at an average price of C$168.95 per share, for a total transaction of C$136,001.53. Following the completion of the transaction, the director now directly owns 805 shares of the company’s stock, valued at C$136,001.53. 0.69% of the stock is owned by company insiders.

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.