TD Securities Downgrades Franco-Nevada (TSE:FNV) to Hold

Franco-Nevada (TSE:FNV) (NYSE:FNV) was downgraded by research analysts at TD Securities from a “buy” rating to a “hold” rating in a research note issued on Tuesday, MarketBeat.com reports. They currently have a C$152.00 price objective on the stock. TD Securities’ price target would indicate a potential downside of 28.20% from the stock’s current price.

A number of other equities analysts have also recently commented on FNV. Canaccord Genuity Group reduced their price target on Franco-Nevada from C$198.00 to C$190.00 and set a “strong-buy” rating for the company in a report on Monday, November 18th. CIBC boosted their price objective on Franco-Nevada from C$235.00 to C$245.00 in a report on Monday, December 2nd. National Bankshares reduced their price objective on Franco-Nevada from C$220.00 to C$215.00 in a report on Tuesday. Finally, UBS Group upgraded Franco-Nevada to a “strong-buy” rating in a report on Monday, November 18th. Two research analysts have rated the stock with a hold rating, four have given a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Buy” and a consensus target price of C$194.10.

Franco-Nevada Stock Performance

Franco-Nevada stock opened at C$211.70 on Tuesday. Franco-Nevada has a 52 week low of C$152.28 and a 52 week high of C$213.60. The stock has a market capitalization of C$28.73 billion, a P/E ratio of -45.72, a PEG ratio of 5.00 and a beta of 0.68. The stock has a 50-day simple moving average of C$194.52 and a 200 day simple moving average of C$179.01.

About Franco-Nevada

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.