Franco-Nevada (NYSE:FNV) Stock Price Expected to Rise, HC Wainwright Analyst Says

Franco-Nevada (NYSE:FNV) (TSE:FNV) had its price objective hoisted by analysts at HC Wainwright from $165.00 to $180.00 in a research report issued on Wednesday, Marketbeat.com reports. The firm currently has a “buy” rating on the basic materials company’s stock. HC Wainwright’s price objective would suggest a potential upside of 14.49% from the stock’s previous close.

Other analysts also recently issued reports about the stock. Raymond James boosted their target price on shares of Franco-Nevada from $160.00 to $162.00 and gave the stock an “outperform” rating in a report on Tuesday, March 11th. Scotiabank upped their price target on Franco-Nevada from $145.00 to $150.00 and gave the company a “sector perform” rating in a report on Tuesday, March 11th. UBS Group raised their price objective on Franco-Nevada from $165.00 to $170.00 and gave the stock a “buy” rating in a research note on Tuesday, March 11th. Royal Bank of Canada boosted their target price on Franco-Nevada from $145.00 to $155.00 and gave the stock a “sector perform” rating in a research report on Tuesday, February 11th. Finally, StockNews.com upgraded Franco-Nevada from a “hold” rating to a “buy” rating in a research report on Wednesday, March 19th. Five analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Franco-Nevada has a consensus rating of “Moderate Buy” and a consensus price target of $155.50.

Franco-Nevada Stock Performance

Shares of FNV stock opened at $157.21 on Wednesday. Franco-Nevada has a 1 year low of $112.70 and a 1 year high of $158.52. The business’s fifty day moving average is $142.01 and its 200-day moving average is $130.23. The stock has a market cap of $30.27 billion, a PE ratio of -49.75, a price-to-earnings-growth ratio of 9.78 and a beta of 0.73.

Franco-Nevada (NYSE:FNV) (TSE:FNV) last released its earnings results on Monday, March 10th. The basic materials company reported $0.95 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.90 by $0.05. Franco-Nevada had a positive return on equity of 10.55% and a negative net margin of 55.28%. The firm had revenue of $321.00 million for the quarter, compared to analyst estimates of $304.33 million. During the same period in the previous year, the company earned $0.90 earnings per share. Franco-Nevada’s revenue was up 5.8% compared to the same quarter last year. Equities research analysts predict that Franco-Nevada will post 3.09 earnings per share for the current year.

Institutional Investors Weigh In On Franco-Nevada

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Laurel Wealth Advisors LLC acquired a new position in shares of Franco-Nevada in the fourth quarter worth $47,000. Point72 DIFC Ltd purchased a new position in Franco-Nevada in the third quarter valued at about $52,000. Physician Wealth Advisors Inc. acquired a new position in Franco-Nevada in the 4th quarter worth about $49,000. Erste Asset Management GmbH purchased a new stake in shares of Franco-Nevada during the 3rd quarter worth about $55,000. Finally, Harbour Investments Inc. lifted its holdings in shares of Franco-Nevada by 25.8% during the 4th quarter. Harbour Investments Inc. now owns 453 shares of the basic materials company’s stock valued at $53,000 after buying an additional 93 shares during the last quarter. Hedge funds and other institutional investors own 77.06% 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.