Credit Suisse Group Analysts Give Franco Nevada (FNV) a $80.00 Price Target

Credit Suisse Group set a $80.00 price target on Franco Nevada (NYSE:FNV) (TSE:FNV) in a research report report published on Monday, January 22nd. The firm currently has a hold rating on the basic materials company’s stock.

FNV has been the topic of a number of other research reports. Zacks Investment Research upgraded Franco Nevada from a hold rating to a buy rating and set a $88.00 target price on the stock in a research note on Tuesday, January 9th. TD Securities set a $92.00 target price on Franco Nevada and gave the stock a buy rating in a research note on Thursday, October 19th. Canaccord Genuity restated a buy rating and issued a $121.00 target price on shares of Franco Nevada in a research note on Tuesday, November 7th. Scotiabank lifted their price target on shares of Franco Nevada from $82.50 to $85.00 and gave the stock a sector perform rating in a report on Tuesday, November 7th. Finally, Desjardins reaffirmed a sell rating on shares of Franco Nevada in a report on Monday, December 11th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and five have given a buy rating to the company’s stock. The company has an average rating of Hold and a consensus price target of $88.56.

Franco Nevada (NYSE FNV) traded up $2.78 during mid-day trading on Monday, reaching $74.28. The company’s stock had a trading volume of 1,050,592 shares, compared to its average volume of 675,740. The firm has a market cap of $13,280.00, a P/E ratio of 91.70, a P/E/G ratio of 14.49 and a beta of -0.12. Franco Nevada has a fifty-two week low of $60.10 and a fifty-two week high of $86.06.

The company also recently declared a quarterly dividend, which will be paid on Thursday, March 29th. Stockholders of record on Thursday, March 15th will be issued a $0.23 dividend. The ex-dividend date of this dividend is Wednesday, March 14th. This represents a $0.92 annualized dividend and a dividend yield of 1.24%. Franco Nevada’s payout ratio is currently 113.58%.

Several institutional investors have recently added to or reduced their stakes in FNV. Alliancebernstein L.P. increased its holdings in shares of Franco Nevada by 22.1% in the second quarter. Alliancebernstein L.P. now owns 56,051 shares of the basic materials company’s stock worth $4,045,000 after purchasing an additional 10,143 shares during the period. PNC Financial Services Group Inc. grew its position in Franco Nevada by 78.4% in the second quarter. PNC Financial Services Group Inc. now owns 6,453 shares of the basic materials company’s stock worth $466,000 after acquiring an additional 2,836 shares in the last quarter. Northern Trust Corp grew its position in Franco Nevada by 5.1% in the second quarter. Northern Trust Corp now owns 127,619 shares of the basic materials company’s stock worth $9,209,000 after acquiring an additional 6,201 shares in the last quarter. Vanguard Group Inc. grew its position in Franco Nevada by 3.6% in the second quarter. Vanguard Group Inc. now owns 4,221,772 shares of the basic materials company’s stock worth $304,643,000 after acquiring an additional 145,698 shares in the last quarter. Finally, Parametric Portfolio Associates LLC grew its position in Franco Nevada by 24.0% in the second quarter. Parametric Portfolio Associates LLC now owns 49,963 shares of the basic materials company’s stock worth $3,605,000 after acquiring an additional 9,678 shares in the last quarter. 59.79% of the stock is currently owned by hedge funds and other institutional investors.

TRADEMARK VIOLATION WARNING: “Credit Suisse Group Analysts Give Franco Nevada (FNV) a $80.00 Price Target” was first published by Dispatch Tribunal and is the sole property of of Dispatch Tribunal. If you are viewing this story on another website, it was illegally copied and reposted in violation of United States & international trademark & copyright legislation. The original version of this story can be accessed at https://www.dispatchtribunal.com/2018/02/15/franco-nevada-fnv-given-a-80-00-price-target-at-credit-suisse-group.html.

Franco Nevada Company Profile

Franco-Nevada Corporation (Franco-Nevada) is a gold-focused royalty and stream company. The Company has interests in silver, platinum group metals, oil and gas and other resource assets. The Company is engaged in resource sector royalty/stream acquisitions and management activities. It has a portfolio of properties in the United States, Canada, Mexico, Peru, Chile and Africa.

Analyst Recommendations for Franco Nevada (NYSE:FNV)

Receive News & Ratings for Franco Nevada Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Franco Nevada and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply