Franco-Nevada (TSE:FNV) Upgraded at National Bank Financial

Franco-Nevada (TSE:FNV – Get Free Report) (NYSE:FNV) was upgraded by equities researchers at National Bank Financial from a “hold” rating to a “strong-buy” rating in a research note issued on Wednesday,Zacks.com reports.

Several other equities research analysts have also issued reports on the stock. Canaccord Genuity Group upgraded shares of Franco-Nevada from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, April 29th. BMO Capital Markets lifted their price objective on shares of Franco-Nevada from C$370.00 to C$410.00 in a research note on Wednesday, April 22nd. Canadian Imperial Bank of Commerce lifted their price objective on shares of Franco-Nevada from C$460.00 to C$480.00 in a research note on Wednesday, February 4th. Bank of America lifted their price objective on shares of Franco-Nevada from C$367.00 to C$384.00 in a research note on Thursday, February 26th. Finally, Stifel Nicolaus lifted their price objective on shares of Franco-Nevada from C$340.00 to C$380.00 in a research note on Tuesday, February 10th. Two research analysts have rated the stock with a Strong Buy rating, two have assigned a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Buy” and an average price target of C$353.22.

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Franco-Nevada Trading Up 1.3%

Shares of FNV stock opened at C$329.87 on Wednesday. The company has a 50 day moving average of C$339.49 and a 200-day moving average of C$318.58. The company has a quick ratio of 23.26, a current ratio of 8.30 and a debt-to-equity ratio of 0.11. Franco-Nevada has a 12-month low of C$210.19 and a 12-month high of C$388.22. The firm has a market cap of C$63.60 billion, a P/E ratio of 57.27, a PEG ratio of 5.00 and a beta of 0.97.

Franco-Nevada (TSE:FNV – Get Free Report) (NYSE:FNV) last issued its quarterly earnings results on Tuesday, May 12th. The company reported C$3.31 earnings per share (EPS) for the quarter. Franco-Nevada had a net margin of 61.07% and a return on equity of 16.25%. The company had revenue of C$904.67 million during the quarter. Sell-side analysts anticipate that Franco-Nevada will post 3.1114111 earnings per share for the current year.

About Franco-Nevada

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Franco-Nevada Corp is a precious-metals-focused royalty and investment company. The company owns a diversified portfolio of precious metals and royalty streams, which is actively managed to generate the bulk of its revenue from gold, silver, and platinum. The company does not operate mines, develop projects, or conduct exploration. Franco-Nevada’s short-term financial performance is linked to the price of commodities and the amount of production from its portfolio of producing assets. Its long-term performance is affected by the availability of exploration and development capital.

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