Franco-Nevada Co. (TSE:FNV) Receives Average Recommendation of “Buy” from Analysts

Franco-Nevada Co. (TSE:FNV) (NYSE:FNV) has been assigned a consensus recommendation of “Buy” from the eight research firms that are presently covering the stock, Marketbeat.com reports. Two research analysts have rated the stock with a hold rating, four have assigned a buy rating and two have given a strong buy rating to the company. The average 1 year target price among brokers that have issued ratings on the stock in the last year is C$197.25.

A number of research analysts have weighed in on the company. National Bankshares reduced their price target on Franco-Nevada from C$220.00 to C$215.00 in a research note on Tuesday, March 11th. TD Securities downgraded Franco-Nevada from a “buy” rating to a “hold” rating and set a C$152.00 target price on the stock. in a research report on Tuesday, March 11th.

Insider Activity at Franco-Nevada

In other news, Senior Officer Sandip Rana sold 5,675 shares of the stock in a transaction on Thursday, March 20th. The shares were sold at an average price of C$223.86, for a total value of C$1,270,422.53. Also, Senior Officer Lena Miller sold 1,700 shares of the firm’s stock in a transaction on Wednesday, March 12th. The shares were sold at an average price of C$210.37, for a total transaction of C$357,620.50. Over the last 90 days, insiders have sold 16,054 shares of company stock worth $3,563,292. 0.69% of the stock is owned by insiders.

Franco-Nevada Stock Performance

Shares of FNV opened at C$230.96 on Friday. The company has a market capitalization of C$31.34 billion, a price-to-earnings ratio of -49.88, a PEG ratio of 5.00 and a beta of 0.68. Franco-Nevada has a 1 year low of C$156.31 and a 1 year high of C$232.10. The company’s 50 day simple moving average is C$210.75 and its 200 day simple moving average is C$187.70.

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.