Franco-Nevada (TSE:FNV) Given New C$190.00 Price Target at Canaccord Genuity Group

Franco-Nevada (TSE:FNV) (NYSE:FNV) had its price objective dropped by Canaccord Genuity Group from C$198.00 to C$190.00 in a note issued to investors on Monday,BayStreet.CA reports. Canaccord Genuity Group’s target price points to a potential upside of 15.05% from the stock’s previous close.

Other equities research analysts have also recently issued reports about the company. Stifel Nicolaus lifted their price objective on Franco-Nevada from C$200.00 to C$215.00 in a research note on Monday, October 21st. CIBC reduced their target price on Franco-Nevada from C$265.00 to C$235.00 in a report on Friday, November 8th. TD Securities upgraded Franco-Nevada from a “hold” rating to a “buy” rating in a report on Thursday, August 15th. Finally, National Bankshares reduced their target price on Franco-Nevada from C$200.00 to C$195.00 in a report on Thursday, August 15th. Three research 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 a consensus price target of C$189.80.

Franco-Nevada Trading Up 2.9 %

Shares of TSE FNV traded up C$4.64 during midday trading on Monday, hitting C$165.15. The stock had a trading volume of 123,780 shares, compared to its average volume of 330,690. The company has a debt-to-equity ratio of 1.63, a current ratio of 29.11 and a quick ratio of 23.26. Franco-Nevada has a fifty-two week low of C$139.19 and a fifty-two week high of C$191.17. The company’s 50-day simple moving average is C$171.92 and its 200 day simple moving average is C$169.41. The firm has a market cap of C$31.78 billion, a P/E ratio of -39.42, a price-to-earnings-growth ratio of 5.00 and a beta of 0.68.

Insider Activity at Franco-Nevada

In related news, Director Nicholas Hugo Housby Dryland bought 805 shares of the stock in a transaction that occurred on Monday, September 16th. The shares were acquired at an average price of C$168.95 per share, with a total value of C$136,001.53. Following the completion of the transaction, the director now owns 805 shares in the company, valued at C$136,001.53. The trade was a ∞ increase in their ownership of the stock. 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.