Franco-Nevada (TSE:FNV) Upgraded to Strong-Buy at TD Securities

Franco-Nevada (TSE:FNVGet Free Report) (NYSE:FNV) was upgraded by equities research analysts at TD Securities from a “hold” rating to a “strong-buy” rating in a report released on Wednesday,Zacks.com reports.

A number of other brokerages also recently weighed in on FNV. Canaccord Genuity Group raised Franco-Nevada from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, April 29th. National Bank Financial raised Franco-Nevada from a “hold” rating to a “strong-buy” rating and raised their price objective for the company from C$410.00 to C$420.00 in a research report on Wednesday, May 13th. Stifel Nicolaus raised their price objective on Franco-Nevada from C$340.00 to C$380.00 in a research report on Tuesday, February 10th. Canadian Imperial Bank of Commerce raised their price objective on Franco-Nevada from C$460.00 to C$480.00 in a research report on Wednesday, February 4th. Finally, BMO Capital Markets raised their price objective on Franco-Nevada from C$370.00 to C$410.00 in a research report on Wednesday, April 22nd. Three investment analysts have rated the stock with a Strong Buy rating and two have issued a Buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Strong Buy” and a consensus target price of C$355.44.

View Our Latest Stock Report on Franco-Nevada

Franco-Nevada Price Performance

Shares of FNV stock opened at C$309.61 on Wednesday. Franco-Nevada has a 1-year low of C$210.19 and a 1-year high of C$388.22. The stock’s 50-day moving average is C$335.25 and its 200 day moving average is C$320.37. The company has a market cap of C$59.71 billion, a P/E ratio of 43.61, a PEG ratio of 5.00 and a beta of 0.97.

Franco-Nevada (TSE:FNVGet Free Report) (NYSE:FNV) last issued its quarterly earnings data on Tuesday, May 12th. The company reported C$3.31 earnings per share for the quarter. Franco-Nevada had a return on equity of 18.67% and a net margin of 65.14%.The company had revenue of C$904.67 million for the quarter. On average, analysts anticipate that Franco-Nevada will post 3.1114111 EPS for the current year.

Franco-Nevada Company Profile

(Get Free Report)

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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Analyst Recommendations for Franco-Nevada (TSE:FNV)

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