Brokerages Set Franco-Nevada Co. (TSE:FNV) PT at C$190.80

Shares of Franco-Nevada Co. (TSE:FNV) (NYSE:FNV) have been assigned an average recommendation of “Buy” from the nine research firms that are covering the company, MarketBeat reports. Two equities research analysts have rated the stock with a hold rating, five have given a buy rating and two have issued a strong buy rating on the company. The average 12 month target price among brokers that have covered the stock in the last year is C$190.80.

A number of analysts recently weighed in on the stock. CIBC increased their price target on shares of Franco-Nevada from C$235.00 to C$245.00 in a research report on Monday, December 2nd. Canaccord Genuity Group cut their price target on shares of Franco-Nevada from C$198.00 to C$190.00 and set a “strong-buy” rating on the stock in a research report on Monday, November 18th. Finally, UBS Group upgraded shares of Franco-Nevada to a “strong-buy” rating in a research report on Monday, November 18th.

Franco-Nevada Price Performance

Shares of TSE:FNV opened at C$199.19 on Thursday. The company has a market capitalization of C$27.03 billion, a price-to-earnings ratio of -43.02, a P/E/G ratio of 5.00 and a beta of 0.68. The firm’s 50 day simple moving average is C$183.50 and its 200 day simple moving average is C$175.38. Franco-Nevada has a fifty-two week low of C$140.67 and a fifty-two week high of C$206.32.

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.