Franco-Nevada (TSE:FNV) Given New C$280.00 Price Target at CIBC

Franco-Nevada (TSE:FNV) (NYSE:FNV) had its price target raised by equities researchers at CIBC from C$260.00 to C$280.00 in a report issued on Thursday,BayStreet.CA reports. CIBC’s price target indicates a potential upside of 18.11% from the stock’s current price.

FNV has been the subject of a number of other reports. BMO Capital Markets raised shares of Franco-Nevada to a “strong-buy” rating in a report on Wednesday. National Bankshares lowered their price target on Franco-Nevada from C$220.00 to C$215.00 in a report on Tuesday, March 11th. Finally, TD Securities downgraded Franco-Nevada from a “buy” rating to a “hold” rating and set a C$152.00 price objective on the stock. in a report on Tuesday, March 11th. Two investment analysts have rated the stock with a hold rating, three have issued a buy rating and three have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, Franco-Nevada presently has an average rating of “Buy” and an average price target of C$201.63.

Franco-Nevada Trading Down 1.0 %

TSE:FNV traded down C$2.38 during midday trading on Thursday, hitting C$237.07. 169,143 shares of the stock were exchanged, compared to its average volume of 318,153. The business has a 50-day moving average price of C$212.82 and a two-hundred day moving average price of C$188.94. The company has a market capitalization of C$32.17 billion, a price-to-earnings ratio of -51.20, a P/E/G ratio of 5.00 and a beta of 0.68. Franco-Nevada has a one year low of C$156.31 and a one year high of C$242.86.

Insiders Place Their Bets

In related news, Senior Officer Christopher Bell sold 731 shares of Franco-Nevada stock in a transaction on Tuesday, March 25th. The stock was sold at an average price of C$224.94, for a total transaction of C$164,432.82. Also, Director Boris De Vries sold 500 shares of the business’s stock in a transaction dated Thursday, March 13th. The stock was sold at an average price of C$217.08, for a total value of C$108,540.35. Insiders have sold a total of 16,054 shares of company stock valued at $3,563,292 in the last 90 days. 0.69% of the stock is currently owned by 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.