Franco Nevada Corp (FNV) PT Raised to C$114.00

Ivan Schwartz
August 12, 2017

Shell Asset Management boosted its stake in stocks of Franco-Nevada Corporation by 9.7% in the Q1.

Several other equities analysts have also recently weighed in on the company. Janney Montgomery Scott LLC raised its position in shares of Franco-Nevada Corporation by 0.8% in the second quarter. The overall volume in the last trading session was 1.01 Million shares. Can boosted its position in Franco-Nevada Corporation by 15.2% in the first quarter. Franklin Resources Inc now owns 2,779,913 shares with a value of $200,644,000.

Franco-Nevada Corporation (FNV) stock price fell -10.16 percent over the past one year, while increased 3.14 percent during the past 6 months. Chase Investment Counsel Corp now owns 4,365 shares of the basic materials company's stock valued at $314,000 after buying an additional 305 shares during the period. Finally, Stratos Wealth Partners LTD. bought a new stake in Franco-Nevada Corporation during the first quarter worth $201,000. Chase Investment Counsel Corp now owns 4,365 shares of the basic materials company's stock valued at $314,000 after buying an additional 305 shares during the last quarter. The value of the total investment in Franco-Nevada Corporation went from $18,714,000 to $25,489,000 a change of 36.2% quarter over quarter. Moreover, Phocas Financial Corp. has 0.38% invested in the company for 400,602 shares.

Equities research analysts at National Bank Financial reduced their Q3 2017 earnings per share estimates for Franco Nevada Corp in a report issued on Tuesday.

The company now has a P/E ratio of 99.56 and market capitalization is 14.17B. Franco-Nevada Corporation has a 12 month low of $53.31 and a 12 month high of $80.00. The company's 50-day moving average price is $72.65 and its 200 day moving average price is $69.09.

The company's Average Earnings Estimate for the Current Fiscal quarter is $0.24, according to consensus of 11 analysts.

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Looking forward, for the quarter ending Sep-17, 5 analysts have a mean sales target of 164.26 million. The firm's revenue was up 8.8% on a year-over-year basis. The basic materials business posted $0.25 Earnings per share for the period, topping analysts' average forecasts of $0.25. Franco-Nevada Corporation also recently declared a dividend paid on Thursday the 29th of June 2017. Shareholders of record on Thursday, September 14th will be given a dividend of $0.23 per share. Comparatively, FNV posted earnings of $0.23 per share in the same quarter, a year earlier.

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Relative Strength Index (RSI) for Franco-Nevada Corporation (FNV) is at 60.12. If you are accessing this news story on another site, it was copied illegally and reposted in violation of United States and global trademark & copyright laws. More interesting news about Franco Nevada Corp (NYSE:FNV) were released by: Fool.com and their article: "How Franco-Nevada Corp". Scotiabank lifted their target price on shares of Franco-Nevada Corporation from $45.00 to $48.00 and gave the stock a sector perform rating in a research note on Thursday, May 11th. Dundee Securities upgraded the shares of FNV in report on Thursday, December 8 to "Buy" rating.

11/09/2016 - Franco-Nevada Corporation had its "hold" rating reiterated by analysts at TD Securities. Finally, Barclays PLC restated an "equal weight" rating and issued a $74.00 price target (up from $68.00) on shares of Franco-Nevada Corporation in a research note on Tuesday, June 6th. Clarkson Capital initiated the shares of FNV in report on Tuesday, February 16 with "Buy" rating.

The value of the company's investment in Franco-Nevada Corporation increased from $4,849,000 to $5,509,000 a change of $660,000 quarter to quarter. It also has interests in silver ores; platinum group metals, including palladium; other minerals comprising base metals, iron ore, coal, and industrial and miscellaneous minerals; and oil and gas properties. The Company is engaged in resource sector royalty/stream acquisitions and management activities.

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