Stifel Nicolaus Boosts Franco-Nevada (TSE:FNV) Price Target to C$265.00

Franco-Nevada (TSE:FNV) (NYSE:FNV) had its target price raised by analysts at Stifel Nicolaus from C$220.00 to C$265.00 in a note issued to investors on Monday,BayStreet.CA reports. Stifel Nicolaus’ price objective suggests a potential upside of 11.88% from the company’s current price.

Other equities analysts also recently issued research reports about the company. National Bankshares cut their target price on Franco-Nevada from C$220.00 to C$215.00 in a research report on Tuesday, March 11th. BMO Capital Markets upgraded shares of Franco-Nevada to a “strong-buy” rating in a research note on Wednesday, April 16th. CIBC increased their target price on shares of Franco-Nevada from C$260.00 to C$280.00 in a research report on Thursday. Finally, TD Securities lowered shares of Franco-Nevada from a “buy” rating to a “hold” rating and set a C$152.00 price target on the stock. in a research report on Tuesday, March 11th. Two research analysts have rated the stock with a hold rating, two have assigned a buy rating and three have assigned a strong buy rating to the stock. According to data from MarketBeat.com, Franco-Nevada has a consensus rating of “Buy” and an average target price of C$207.88.

Franco-Nevada Trading Down 0.0 %

TSE:FNV traded down C$0.07 during mid-day trading on Monday, hitting C$236.86. The company’s stock had a trading volume of 226,881 shares, compared to its average volume of 319,824. The stock has a fifty day moving average of C$214.11 and a 200-day moving average of C$189.96. The company has a market capitalization of C$32.14 billion, a price-to-earnings ratio of -51.15, a P/E/G ratio of 5.00 and a beta of 0.68. Franco-Nevada has a fifty-two week low of C$156.31 and a fifty-two week high of C$245.55.

Insiders Place Their Bets

In other news, Senior Officer Lena Miller sold 1,700 shares of Franco-Nevada stock in a transaction on Wednesday, March 12th. The stock was sold at an average price of C$210.37, for a total value of C$357,620.50. Also, Senior Officer Sandip Rana sold 5,675 shares of the company’s stock in a transaction on Thursday, March 20th. The shares were sold at an average price of C$223.86, for a total value of C$1,270,422.53. Over the last three months, insiders sold 16,054 shares of company stock valued at $3,563,292. Insiders own 0.69% of the company’s stock.

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.