Franco-Nevada Corporation (FNV) Lifted to “Neutral” at Goldman Sachs Group, Inc. (The), Report finds

Franco-Nevada Corporation (FNV) Lifted to “Neutral” at Goldman Sachs Group, Inc. (The), Report finds

Franco-Nevada Corporation (NYSE:FNV) (TSE:FNV) was upgraded by equities research analysts at Goldman Sachs Group, Inc. (The) from a “sell” rating to a “neutral” rating in a research note issued on Wednesday, The Fly reports.

A number of other brokerages have also recently commented on FNV. TheStreet upgraded Franco-Nevada Corporation from a “hold” rating to a “buy” rating in a research note on Tuesday, November 8th. Scotiabank restated a “sector perform” rating and set a $80.00 price objective on shares of Franco-Nevada Corporation in a research note on Tuesday, November 8th. RBC Capital Markets restated an “outperform” rating on shares of Franco-Nevada Corporation in a research note on Tuesday, November 8th. Deutsche Bank AG upgraded Franco-Nevada Corporation from a “hold” rating to a “buy” rating and set a $74.00 price objective on the stock in a research note on Wednesday, November 9th. Finally, TD Securities restated a “hold” rating and set a $77.00 price objective on shares of Franco-Nevada Corporation in a research note on Thursday, November 10th. One analyst has rated the stock with a sell rating, nine have given a hold rating and ten have assigned a buy rating to the company. The stock has a consensus rating of “Hold” and an average target price of $77.08.

Franco-Nevada Corporation (NYSE:FNV) traded up 0.37% on Wednesday, reaching $68.06. The company had a trading volume of 607,155 shares. The firm has a market capitalization of $12.13 billion, a PE ratio of 122.19 and a beta of 0.08. The stock has a 50 day moving average of $62.79 and a 200 day moving average of $66.33. Franco-Nevada Corporation has a 12 month low of $47.40 and a 12 month high of $81.16.

Institutional investors have recently bought and sold shares of the stock. IFP Advisors Inc raised its position in Franco-Nevada Corporation by 15.3% in the second quarter. IFP Advisors Inc now owns 1,317 shares of the company’s stock valued at $100,000 after buying an additional 175 shares during the period. Compagnie Lombard Odier SCmA raised its position in Franco-Nevada Corporation by 137.5% in the third quarter. Compagnie Lombard Odier SCmA now owns 1,900 shares of the company’s stock valued at $133,000 after buying an additional 1,100 shares during the period. Smith Affiliated Capital Corp. bought a new position in Franco-Nevada Corporation during the third quarter valued at approximately $174,000. Stock Yards Bank & Trust Co. bought a new position in Franco-Nevada Corporation during the third quarter valued at approximately $223,000. Finally, Carnick & Kubik Group LLC bought a new position in Franco-Nevada Corporation during the second quarter valued at approximately $230,000. 64.23% of the stock is owned by institutional investors.

About Franco-Nevada Corporation

Franco-Nevada Corporation (Franco-Nevada) is a gold-focused royalty and stream company. The Company’s additional interests are in platinum group metals and other resource assets. The Company operates in the segment of resource sector royalty/stream acquisitions and management activities. The Company’s business model provides investors with gold price and exploration optionality.

Related posts

Leave a Comment

Franco-Nevada Corporation (FNV) Lifted to “Neutral” at Goldman Sachs Group, Inc. (The)

Franco-Nevada Corporation (FNV) Lifted to “Neutral” at Goldman Sachs Group, Inc. (The)

Franco-Nevada Corporation (NYSE:FNV) (TSE:FNV) was upgraded by equities research analysts at Goldman Sachs Group, Inc. (The) from a “sell” rating to a “neutral” rating in a research note issued on Wednesday, The Fly reports.

A number of other brokerages have also recently commented on FNV. TheStreet upgraded Franco-Nevada Corporation from a “hold” rating to a “buy” rating in a research note on Tuesday, November 8th. Scotiabank restated a “sector perform” rating and set a $80.00 price objective on shares of Franco-Nevada Corporation in a research note on Tuesday, November 8th. RBC Capital Markets restated an “outperform” rating on shares of Franco-Nevada Corporation in a research note on Tuesday, November 8th. Deutsche Bank AG upgraded Franco-Nevada Corporation from a “hold” rating to a “buy” rating and set a $74.00 price objective on the stock in a research note on Wednesday, November 9th. Finally, TD Securities restated a “hold” rating and set a $77.00 price objective on shares of Franco-Nevada Corporation in a research note on Thursday, November 10th. One analyst has rated the stock with a sell rating, nine have given a hold rating and ten have assigned a buy rating to the company. The stock has a consensus rating of “Hold” and an average target price of $77.08.

Franco-Nevada Corporation (NYSE:FNV) traded up 0.37% on Wednesday, reaching $68.06. The company had a trading volume of 607,155 shares. The firm has a market capitalization of $12.13 billion, a PE ratio of 122.19 and a beta of 0.08. The stock has a 50 day moving average of $62.79 and a 200 day moving average of $66.33. Franco-Nevada Corporation has a 12 month low of $47.40 and a 12 month high of $81.16.

Institutional investors have recently bought and sold shares of the stock. IFP Advisors Inc raised its position in Franco-Nevada Corporation by 15.3% in the second quarter. IFP Advisors Inc now owns 1,317 shares of the company’s stock valued at $100,000 after buying an additional 175 shares during the period. Compagnie Lombard Odier SCmA raised its position in Franco-Nevada Corporation by 137.5% in the third quarter. Compagnie Lombard Odier SCmA now owns 1,900 shares of the company’s stock valued at $133,000 after buying an additional 1,100 shares during the period. Smith Affiliated Capital Corp. bought a new position in Franco-Nevada Corporation during the third quarter valued at approximately $174,000. Stock Yards Bank & Trust Co. bought a new position in Franco-Nevada Corporation during the third quarter valued at approximately $223,000. Finally, Carnick & Kubik Group LLC bought a new position in Franco-Nevada Corporation during the second quarter valued at approximately $230,000. 64.23% of the stock is owned by institutional investors.

About Franco-Nevada Corporation

Franco-Nevada Corporation (Franco-Nevada) is a gold-focused royalty and stream company. The Company’s additional interests are in platinum group metals and other resource assets. The Company operates in the segment of resource sector royalty/stream acquisitions and management activities. The Company’s business model provides investors with gold price and exploration optionality.

Related posts

Leave a Comment