Franco-Nevada (TSE:FNV) Price Target Lowered to C$215.00 at National Bankshares

Franco-Nevada (TSE:FNV) (NYSE:FNV) had its price target reduced by stock analysts at National Bankshares from C$220.00 to C$215.00 in a report issued on Tuesday,BayStreet.CA reports. National Bankshares’ target price points to a potential upside of 2.95% from the company’s previous close.

Other equities analysts have also recently issued reports about the company. CIBC raised their price objective on Franco-Nevada from C$235.00 to C$245.00 in a research note on Monday, December 2nd. Canaccord Genuity Group decreased their price objective on shares of 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, November 18th. Finally, UBS Group upgraded Franco-Nevada to a “strong-buy” rating in a research note on Monday, November 18th. Two research analysts have rated the stock with a hold rating, four have issued a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat.com, Franco-Nevada has a consensus rating of “Buy” and a consensus price target of C$194.10.

Franco-Nevada Stock Performance

Shares of Franco-Nevada stock traded up C$1.60 on Tuesday, hitting C$208.83. The company had a trading volume of 208,593 shares, compared to its average volume of 266,226. The stock has a market capitalization of C$28.34 billion, a price-to-earnings ratio of -45.10, a P/E/G ratio of 5.00 and a beta of 0.68. Franco-Nevada has a 1 year low of C$151.37 and a 1 year high of C$213.43. The stock has a 50 day moving average of C$192.84 and a 200-day moving average of C$178.38.

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.