Franco-Nevada (TSE:FNV) Cut to “Hold” at TD Securities

Franco-Nevada (TSE:FNV) (NYSE:FNV) was downgraded by stock analysts at TD Securities from a “buy” rating to a “hold” rating in a note issued to investors on Tuesday,BayStreet.CA reports. They presently have a C$152.00 price objective on the stock. TD Securities’ price objective indicates a potential downside of 27.21% from the company’s current price.

A number of other equities analysts also recently weighed in on FNV. CIBC lifted their target price on shares of Franco-Nevada from C$235.00 to C$245.00 in a research note on Monday, December 2nd. Canaccord Genuity Group lowered 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 research report on Monday, November 18th. UBS Group raised shares of Franco-Nevada to a “strong-buy” rating in a report on Monday, November 18th. Finally, National Bankshares reduced their target price on shares of Franco-Nevada from C$220.00 to C$215.00 in a research note on Tuesday. Two analysts have rated the stock with a hold rating, four have given a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus price target of C$194.10.

Franco-Nevada Trading Up 0.8 %

TSE:FNV traded up C$1.60 during mid-day trading on Tuesday, hitting C$208.83. 208,593 shares of the company’s stock were exchanged, compared to its average volume of 266,226. The firm has a market capitalization of C$28.34 billion, a P/E ratio of -45.10, a PEG ratio of 5.00 and a beta of 0.68. The company has a 50 day simple moving average of C$192.84 and a 200-day simple moving average of C$178.38. Franco-Nevada has a fifty-two week low of C$151.37 and a fifty-two week high of C$213.43.

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.