Stifel Nicolaus Forecasts Strong Price Appreciation for Franco-Nevada (TSE:FNV) Stock

Franco-Nevada (TSE:FNV – Get Free Report) (NYSE:FNV) had its price objective boosted by investment analysts at Stifel Nicolaus from C$390.00 to C$410.00 in a report released on Monday, BayStreet reports. The brokerage currently has a “buy” rating on the stock. Stifel Nicolaus’ target price suggests a potential upside of 20.26% from the stock’s current price.

Franco-Nevada Trading Down 1.0%

Shares of TSE FNV traded down C$3.60 on Monday, reaching C$340.94. 51,048 shares of the company traded hands, compared to its average volume of 376,685. The stock has a market capitalization of C$65.76 billion, a PE ratio of 44.57, a P/E/G ratio of 5.00 and a beta of 1.07. The company has a 50 day moving average of C$354.47 and a 200 day moving average of C$329.68. Franco-Nevada has a fifty-two week low of C$254.13 and a fifty-two week high of C$388.22.

Franco-Nevada (TSE:FNV – Get Free Report) (NYSE:FNV) last released its quarterly earnings data on Tuesday, August 11th. The company reported C$2.57 EPS for the quarter. Franco-Nevada had a return on equity of 18.95% and a net margin of 63.83%. The company had revenue of C$825.33 million for the quarter. As a group, research analysts expect that Franco-Nevada will post 3.11 earnings per share for the current year.

Insider Buying and Selling

In other Franco-Nevada news, insider Sandip Rana sold 10,000 shares of the stock in a transaction that occurred on Wednesday, August 19th. The shares were sold at an average price of C$344.87, for a total value of C$3,448,700.00. Following the completion of the sale, the insider owned 60,274 shares of the company’s stock, valued at C$20,786,694.38. This trade represents a 14.23% decrease in their ownership of the stock. Company insiders own 0.69% of the company’s stock.

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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