Franco Nevada (NYSE:FNV) (TSE:FNV)‘s stock had its “outperform” rating reiterated by research analysts at Raymond James in a research report issued to clients and investors on Monday. They presently have a $88.00 target price on the basic materials company’s stock. Raymond James’ price objective suggests a potential upside of 18.55% from the company’s previous close.
Other equities analysts also recently issued research reports about the company. Royal Bank of Canada reaffirmed a “buy” rating and issued a $118.00 price objective on shares of Franco Nevada in a research report on Wednesday, December 12th. Zacks Investment Research restated a “hold” rating on shares of Franco Nevada in a research note on Monday, December 31st. ValuEngine upgraded Franco Nevada from a “hold” rating to a “buy” rating in a research note on Wednesday, November 21st. TD Securities decreased their price objective on Franco Nevada from $82.00 to $79.00 and set a “buy” rating for the company in a research note on Wednesday, November 7th. Finally, BMO Capital Markets restated a “hold” rating on shares of Franco Nevada in a research note on Monday, December 17th. Six investment analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus price target of $84.86.
NYSE FNV opened at $74.23 on Monday. The company has a market cap of $14.06 billion, a PE ratio of 68.73, a P/E/G ratio of 14.43 and a beta of 0.17. Franco Nevada has a fifty-two week low of $58.26 and a fifty-two week high of $77.92.
A number of large investors have recently made changes to their positions in the stock. JNBA Financial Advisors acquired a new position in shares of Franco Nevada in the fourth quarter valued at about $46,000. Parallel Advisors LLC lifted its position in shares of Franco Nevada by 57.7% in the fourth quarter. Parallel Advisors LLC now owns 793 shares of the basic materials company’s stock valued at $55,000 after acquiring an additional 290 shares in the last quarter. CWM LLC purchased a new position in shares of Franco Nevada in the fourth quarter valued at approximately $63,000. First Manhattan Co. lifted its position in Franco Nevada by 116.1% during the fourth quarter. First Manhattan Co. now owns 1,117 shares of the basic materials company’s stock worth $78,000 after buying an additional 600 shares in the last quarter. Finally, Stratos Wealth Partners LTD. acquired a new stake in Franco Nevada during the third quarter worth $146,000. 65.03% of the stock is currently owned by institutional investors.
Franco Nevada Company Profile
Franco-Nevada Corporation operates as a gold-focused royalty and stream company in the United States, Canada, Mexico, Peru, Chile, Australia, and Africa. The company also holds interests in silver, platinum group metals, oil and gas, and other resource assets. As of December 31, 2017, it had a portfolio of 341 assets.
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