Franco-Nevada (TSE:FNV) Raised to “Strong-Buy” at UBS Group

Franco-Nevada (TSE:FNV) (NYSE:FNV) was upgraded by equities researchers at UBS Group to a “strong-buy” rating in a report released on Monday,Zacks.com reports.

Several other equities analysts also recently issued reports on the stock. TD Securities raised shares of Franco-Nevada from a “hold” rating to a “buy” rating in a report on Thursday, August 15th. National Bankshares lowered their price objective on Franco-Nevada from C$200.00 to C$195.00 in a report on Thursday, August 15th. CIBC reduced their target price on Franco-Nevada from C$265.00 to C$235.00 in a report on Friday, November 8th. Stifel Nicolaus lifted their price target on Franco-Nevada from C$200.00 to C$215.00 in a research note on Monday, October 21st. Finally, Canaccord Genuity Group reduced their price objective on Franco-Nevada from C$198.00 to C$190.00 and set a “strong-buy” rating for the company in a research note on Monday. Two analysts have rated the stock with a hold rating, six have assigned a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat.com, Franco-Nevada has a consensus rating of “Buy” and an average price target of C$189.80.

Franco-Nevada Stock Up 2.1 %

Franco-Nevada stock opened at C$169.42 on Monday. The company has a debt-to-equity ratio of 1.63, a current ratio of 29.11 and a quick ratio of 23.26. The stock has a market capitalization of C$32.60 billion, a PE ratio of -40.43, a price-to-earnings-growth ratio of 5.00 and a beta of 0.68. The business has a 50 day simple moving average of C$172.02 and a 200-day simple moving average of C$169.43. Franco-Nevada has a 12 month low of C$139.19 and a 12 month high of C$191.17.

Insider Transactions at Franco-Nevada

In related news, Director Nicholas Hugo Housby Dryland acquired 805 shares of the firm’s stock in a transaction dated Monday, September 16th. The shares were purchased at an average cost of C$168.95 per share, for a total transaction of C$136,001.53. Following the acquisition, the director now owns 805 shares in the company, valued at C$136,001.53. The trade was a ∞ increase in their position. Insiders own 0.69% of the company’s stock.

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.