Franco-Nevada Co. (TSE:FNV) Given Consensus Recommendation of “Buy” by Brokerages

Shares of Franco-Nevada Co. (TSE:FNV) (NYSE:FNV) have been given a consensus rating of “Buy” by the eight ratings firms that are currently covering the company, Marketbeat.com reports. Two research analysts have rated the stock with a hold recommendation, four have assigned a buy recommendation and two have assigned a strong buy recommendation to the company. The average 12-month target price among brokers that have updated their coverage on the stock in the last year is C$194.10.

FNV has been the subject of a number of research reports. Canaccord Genuity Group reduced their price target on shares of Franco-Nevada from C$198.00 to C$190.00 and set a “strong-buy” rating for the company in a report on Monday, November 18th. TD Securities cut shares of Franco-Nevada from a “buy” rating to a “hold” rating and set a C$152.00 price target for the company. in a report on Tuesday, March 11th. UBS Group raised shares of Franco-Nevada to a “strong-buy” rating in a research note on Monday, November 18th. National Bankshares dropped their price objective on shares of Franco-Nevada from C$220.00 to C$215.00 in a research note on Tuesday, March 11th. Finally, CIBC raised their price objective on shares of Franco-Nevada from C$235.00 to C$245.00 in a research note on Monday, December 2nd.

Insider Activity at Franco-Nevada

In related news, Senior Officer Lena Miller sold 1,700 shares of the firm’s stock in a transaction dated Wednesday, March 12th. The shares were sold at an average price of C$210.37, for a total transaction of C$357,620.50. Also, Director Boris De Vries sold 2,000 shares of the firm’s stock in a transaction dated Monday, March 17th. The stock was sold at an average price of C$221.47, for a total transaction of C$442,940.00. Insiders have sold 4,200 shares of company stock valued at $909,101 over the last ninety days. Corporate insiders own 0.69% of the company’s stock.

Franco-Nevada Trading Up 0.0 %

TSE:FNV opened at C$220.30 on Tuesday. The stock has a market capitalization of C$29.89 billion, a price-to-earnings ratio of -47.58, a PEG ratio of 5.00 and a beta of 0.68. The firm has a fifty day simple moving average of C$197.18 and a two-hundred day simple moving average of C$180.08. Franco-Nevada has a 12 month low of C$154.18 and a 12 month high of C$223.14.

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.