KeyCorp Initiates Coverage on Franco-Nevada (TSE:FNV)

Equities researchers at KeyCorp began coverage on shares of Franco-Nevada (TSE:FNV) (NYSE:FNV) in a report issued on Thursday, Price Targets.com reports. The brokerage set a “buy” rating and a C$156.00 price target on the stock. KeyCorp’s price objective would suggest a potential downside of 6.22% from the company’s previous close.

A number of other equities research analysts have also weighed in on FNV. BMO Capital Markets boosted their price objective on shares of Franco-Nevada from C$200.00 to C$202.00 and gave the company a “market perform” rating in a report on Thursday, August 19th. Canaccord Genuity lowered shares of Franco-Nevada from a “buy” rating to a “hold” rating in a report on Friday, July 16th. Cfra lowered shares of Franco-Nevada from a “buy” rating to a “hold” rating and dropped their price objective for the company from C$227.00 to C$209.00 in a report on Friday, August 13th. National Bankshares dropped their price objective on shares of Franco-Nevada from C$205.00 to C$200.00 and set a “sector perform” rating on the stock in a report on Friday, September 10th. Finally, Royal Bank of Canada reissued a “sector perform” rating and set a C$188.81 price objective on shares of Franco-Nevada in a report on Monday, July 26th. Six research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat.com, Franco-Nevada presently has a consensus rating of “Hold” and a consensus price target of C$200.83.

Shares of FNV stock opened at C$166.34 on Thursday. The firm has a market cap of C$31.79 billion and a price-to-earnings ratio of 36.92. The company’s 50 day moving average is C$185.97 and its 200 day moving average is C$178.10. The company has a quick ratio of 8.61, a current ratio of 9.86 and a debt-to-equity ratio of 1.63. Franco-Nevada has a 52-week low of C$133.63 and a 52-week high of C$205.25.

Franco-Nevada (TSE:FNV) (NYSE:FNV) last released its quarterly earnings results on Wednesday, August 11th. The company reported C$1.18 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of C$1.18. The firm had revenue of C$426.47 million during the quarter, compared to analysts’ expectations of C$451.36 million. Analysts anticipate that Franco-Nevada will post 3.6779035 EPS for the current fiscal year.

About Franco-Nevada

Franco-Nevada Corporation operates as a gold-focused royalty and stream company in the United States, Latin America, Canada, Australia, Europe, and Africa, and internationally. It operates through two segment, Mining and Energy. The company manages its portfolio with a focus on precious metals, such as gold, silver, and platinum group metals; and energy comprising oil, gas, and natural gas liquids.

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Analyst Recommendations for Franco-Nevada (TSE:FNV)

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