Canaccord Genuity Group Forecasts Strong Price Appreciation for Franco-Nevada (TSE:FNV) Stock

Franco-Nevada (TSE:FNV) (NYSE:FNV) had its target price increased by investment analysts at Canaccord Genuity Group from C$262.00 to C$267.00 in a research report issued to clients and investors on Tuesday,BayStreet.CA reports. Canaccord Genuity Group’s price target indicates a potential upside of 18.67% from the company’s previous close.

Several other equities research analysts have also recently weighed in on FNV. Bank of America decreased their price target on Franco-Nevada from C$272.00 to C$266.00 in a research note on Wednesday, May 28th. National Bankshares cut their price target on Franco-Nevada from C$220.00 to C$215.00 in a report on Tuesday, March 11th. Stifel Nicolaus raised their target price on Franco-Nevada from C$220.00 to C$265.00 in a report on Monday, April 21st. TD Securities lowered Franco-Nevada from a “buy” rating to a “hold” rating and set a C$152.00 target price on the stock. in a report on Tuesday, March 11th. Finally, BMO Capital Markets lifted their price target on Franco-Nevada from C$260.00 to C$261.00 in a report on Wednesday, May 28th.

Franco-Nevada Price Performance

Shares of FNV stock traded down C$3.63 on Tuesday, hitting C$225.00. 111,704 shares of the company’s stock were exchanged, compared to its average volume of 307,670. The stock has a market cap of C$30.53 billion, a P/E ratio of -48.59, a price-to-earnings-growth ratio of 5.00 and a beta of 0.68. Franco-Nevada has a 12 month low of C$156.31 and a 12 month high of C$245.55. The company has a 50 day moving average of C$229.08 and a 200 day moving average of C$204.62.

Insider Activity

In related news, Director Boris De Vries sold 500 shares of Franco-Nevada stock in a transaction on Thursday, March 13th. The stock was sold at an average price of C$217.08, for a total transaction of C$108,540.35. Also, Senior Officer Lena Miller sold 1,700 shares of Franco-Nevada stock in a transaction dated Wednesday, March 12th. The stock was sold at an average price of C$210.37, for a total value of C$357,620.50. Over the last three months, insiders sold 17,554 shares of company stock worth $3,926,224. 0.69% of the stock is owned by corporate insiders.

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.