Franco-Nevada (TSE:FNV) Stock Rating Upgraded by UBS Group

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

Other equities research analysts have also recently issued research reports about the stock. Canaccord Genuity Group lowered their price target 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 report on Monday. CIBC decreased their target price on shares of Franco-Nevada from C$265.00 to C$235.00 in a research report on Friday, November 8th. TD Securities raised shares of Franco-Nevada from a “hold” rating to a “buy” rating in a report on Thursday, August 15th. Stifel Nicolaus increased their price objective on Franco-Nevada from C$200.00 to C$215.00 in a report on Monday, October 21st. Finally, National Bankshares lowered their price objective on Franco-Nevada from C$200.00 to C$195.00 in a research report on Thursday, August 15th. Two investment analysts have rated the stock with a hold rating, six have given a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat, Franco-Nevada currently has an average rating of “Buy” and a consensus target price of C$189.80.

Franco-Nevada Trading Up 2.1 %

FNV opened at C$169.42 on Monday. Franco-Nevada has a 52 week low of C$139.19 and a 52 week high of C$191.17. The company has a market capitalization of C$32.60 billion, a P/E ratio of -40.43, a PEG ratio of 5.00 and a beta of 0.68. The stock’s fifty day moving average is C$172.02 and its two-hundred day moving average is C$169.43. The company has a quick ratio of 23.26, a current ratio of 29.11 and a debt-to-equity ratio of 1.63.

Insiders Place Their Bets

In related news, Director Nicholas Hugo Housby Dryland acquired 805 shares of Franco-Nevada stock in a transaction on Monday, September 16th. The stock was acquired at an average price of C$168.95 per share, for a total transaction of C$136,001.53. Following the purchase, the director now owns 805 shares of the company’s stock, valued at approximately C$136,001.53. This represents a ∞ increase in their position. 0.69% of the stock is currently owned by insiders.

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.