StockNews.com’s financial and stock market experts released their initial coverage of Franco-Nevada on Thursday (NYSE: FNV).
The corporation has assigned a rating of “hold” to the shares of the company that operates in the basic materials industry.
When trading started on Thursday, the price of a share of FNV was $135.49 per share.
The stock price has had a moving average of $138.58 for the past fifty days and an average price of $132.40 over the last 200 days. Franco-52-week The price of something in Nevada can range anywhere from $109.70 to $169.32, with an average of $169.32.
The stock has a price-to-earnings ratio of 34.30, a price-to-earnings-to-growth ratio of 9.42, and a beta value of 0.69.
These ratios measure how expensive the stock is to its future earnings potential.
The company has a market capitalization of $26 billion as of right now.
There have been several additional studies that have focused on FNV. Stifel Nicolaus downgraded its recommendation for Franco-Nevada from a “buy” rating to a “hold” rating in a report made public by the brokerage firm on Friday, January 20.
The report was made public by Stifel Nicolaus.
The price of Franco-target Nevada was increased from $110.00 to $115.00, and the stock was given an “underweight” rating in a research note published on January 30 by Barclays.
The price of Franco-target Nevada was increased from C$190.00 to C$200.00 in a research note published by National Bank Financial on Friday, January 13.
The note was released on January 13.
In a research note published on that same day, the Canadian Imperial Bank of Commerce (CIBC) announced on February 7 that they would be increasing their target price for Franco-Nevada from C$230.00 to C$240.00. Raymond James gave Franco-Nevada an “outperform” rating in a research note published on Friday, February 24.
In the note, Raymond James decreased their target price on Franco-Nevada from $167.00 to $1580.00 and stated that they expect the company to continue to perform well.
This was the final item that was discussed at the meeting.
The company has been recommended to buy by five analysts, a recommendation to hold by five other analysts, and a recommendation to sell it by one analyst.
According to data obtained from Bloomberg.com, various institutional investors, including hedge funds, have recently adjusted how they hold the company’s shares.
The current consensus recommendation for the company is to “Hold” its shares, and the price target has been established at $166.57.
IFP Advisors INC increased the Franco-Nevada stock owned by 18.4% during the third quarter.
After acquiring an additional 500 shares of stock in the basic materials company over the preceding three months, IFP Advisors INC now holds 3,223 shares of the company’s stock.
The value of these shares at present is $230,000. Rockefeller Capital Management L.P.
Increased the proportion of Franco-Nevada shares that it held by 7.5% over the third quarter. Following acquiring 159 additional shares during the most recent quarter, Rockefeller Capital Management L.P. now has 2,276 shares of the stock held by the basic materials company.
The value of one share of stock is $159, making the total value of the stock $271,000, according to Rockefeller Capital Management L.P.
Through the course of the third quarter, WMS Partners LLC was able to amass a 57.7% increase in the