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

Franco-Nevada (TSE:FNV) (NYSE:FNV) had its price target lifted by investment analysts at CIBC from C$235.00 to C$245.00 in a research note issued on Monday,BayStreet.CA reports. CIBC’s price target would indicate a potential upside of 42.03% from the stock’s previous close.

Several other brokerages also recently issued reports on FNV. UBS Group upgraded shares of Franco-Nevada to a “strong-buy” rating in a research note on Monday, November 18th. Stifel Nicolaus boosted their price objective on Franco-Nevada from C$200.00 to C$215.00 in a research note on Monday, October 21st. Canaccord Genuity Group lowered their price target on shares of Franco-Nevada from C$198.00 to C$190.00 and set a “strong-buy” rating on the stock in a report on Monday, November 18th. National Bankshares reduced their price objective on shares of Franco-Nevada from C$200.00 to C$195.00 in a research note on Thursday, August 15th. Finally, TD Securities raised shares of Franco-Nevada from a “hold” rating to a “buy” rating in a report on Thursday, August 15th. Two research analysts have rated the stock with a hold rating, five have issued a buy rating and two have issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Franco-Nevada presently has an average rating of “Buy” and an average price target of C$190.80.

Franco-Nevada Stock Performance

Shares of TSE:FNV opened at C$172.50 on Monday. Franco-Nevada has a 12 month low of C$139.19 and a 12 month high of C$191.17. The company has a current ratio of 29.11, a quick ratio of 23.26 and a debt-to-equity ratio of 1.63. The company has a 50-day moving average price of C$173.50 and a 200-day moving average price of C$169.83. The company has a market cap of C$33.19 billion, a price-to-earnings ratio of -41.17, a price-to-earnings-growth ratio of 5.00 and a beta of 0.68.

Insider Activity

In other Franco-Nevada news, Director Nicholas Hugo Housby Dryland acquired 805 shares of the company’s stock in a transaction on Monday, September 16th. The shares were bought at an average cost of C$168.95 per share, with a total value of C$136,001.53. Following the completion of the acquisition, the director now owns 805 shares in the company, valued at approximately C$136,001.53. This trade represents a ∞ increase in their ownership of the stock. 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.