Connect with us

Nevada

Franco-Nevada (TSE:FNV) Given New C$173.00 Price Target at Veritas Investment Research

Published

on

Franco-Nevada (TSE:FNV) Given New C3.00 Price Target at Veritas Investment Research



Franco-Nevada (TSE:FNV – Get Free Report) (NYSE:FNV) had its price objective upped by investment analysts at Veritas Investment Research from C$149.00 to C$173.00 in a research report issued to clients and investors on Friday, BayStreet.CA reports. Veritas Investment Research’s price target points to a potential upside of 6.36% from the stock’s previous close.

Other equities research analysts have also recently issued research reports about the company. Scotiabank cut their price target on Franco-Nevada from C$141.00 to C$139.00 and set a “sector perform” rating on the stock in a report on Thursday, March 7th. National Bankshares cut their price target on Franco-Nevada from C$172.50 to C$170.00 and set a “sector perform” rating on the stock in a report on Thursday, March 7th. Stifel Nicolaus cut their price target on Franco-Nevada from C$186.00 to C$182.00 in a report on Friday, January 26th. BMO Capital Markets dropped their target price on Franco-Nevada from C$200.00 to C$195.00 in a report on Wednesday, March 6th. Finally, Bank of America boosted their target price on Franco-Nevada from C$186.00 to C$190.00 in a report on Tuesday, April 9th. Three research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of C$184.00.

View Our Latest Research Report on Franco-Nevada

Advertisement

Franco-Nevada Stock Performance

Shares of FNV stock opened at C$162.65 on Friday. The business has a 50 day moving average of C$152.90 and a two-hundred day moving average of C$157.93. The company has a market cap of C$31.26 billion, a P/E ratio of -49.14, a PEG ratio of 5.00 and a beta of 0.59. The company has a quick ratio of 23.26, a current ratio of 41.21 and a debt-to-equity ratio of 1.63. Franco-Nevada has a 52 week low of C$139.19 and a 52 week high of C$217.70.

Franco-Nevada (TSE:FNV – Get Free Report) (NYSE:FNV) last released its quarterly earnings results on Tuesday, March 5th. The company reported C$1.23 earnings per share for the quarter, beating analysts’ consensus estimates of C$1.07 by C$0.16. The company had revenue of C$412.95 million for the quarter. Franco-Nevada had a negative return on equity of 7.65% and a negative net margin of 38.33%. As a group, analysts anticipate that Franco-Nevada will post 4.2207264 EPS for the current year.

Insiders Place Their Bets

In other Franco-Nevada news, Director Paul Brink sold 2,315 shares of Franco-Nevada stock in a transaction that occurred on Monday, March 25th. The shares were sold at an average price of C$157.33, for a total value of C$364,221.50. In other Franco-Nevada news, Director Paul Brink sold 2,315 shares of Franco-Nevada stock in a transaction that occurred on Monday, March 25th. The shares were sold at an average price of C$157.33, for a total value of C$364,221.50. Also, Senior Officer Sandip Rana sold 10,749 shares of Franco-Nevada stock in a transaction that occurred on Thursday, March 21st. The stock was sold at an average price of C$160.29, for a total transaction of C$1,722,952.91. Over the last 90 days, insiders have sold 16,839 shares of company stock worth $2,686,396. 0.18% of the stock is owned by insiders.

About Franco-Nevada

(Get Free Report)

Advertisement

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.

Read More

Analyst Recommendations for Franco-Nevada (TSE:FNV)



Receive News & Ratings for Franco-Nevada Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for Franco-Nevada and related companies with MarketBeat.com’s FREE daily email newsletter.

Advertisement



Source link

Nevada

Bill by Nevada’s Amodei to ramp up mining on public land passes House

Published

on

Bill by Nevada’s Amodei to ramp up mining on public land passes House


The U.S. House passed a bill Thursday put forward by Nevada Rep. Mark Amodei that would reinvigorate mining activity on federal lands.

Amodei, a Republican who represents the state’s top half, described the bill as strengthening the nation’s mineral supply chain and helping to counter China’s dominance with minerals.

“Western states are sitting on a wealth of resources and a critical opportunity to break our dangerous reliance on foreign adversaries while powering our own economy,” he said in a statement.

“The Mining Regulatory Clarity Act … gives domestic mining operations the certainty they need to compete aggressively and win.”

Advertisement

The bill passed 219 to 198. Republicans voted 210 in favor, 1 opposed and 9 not voting. Democrats voted 9 in favor, 197 opposed and 7 not voting. It was one of the House’s last actions before adjourning for the year.

Nevada delegation split on mining bill

Amodei was joined by Las Vegas Democrat Steven Horsford, who co-sponsored the bill in the House.

“Streamlining the hardrock mining process will create good jobs and strengthen our energy sector,” Horsford said.

The state’s other two House members — Democrats Susie Lee and Dina Titus — voted in opposition.

Advertisement

Titus spokesperson Dick Cooper told the Reno Gazette Journal that the congresswoman voted no because the bill would allow for increased dumping of mine waste on public lands.

“It would also allow mining companies to gain permanent rights to occupy public lands and preclude other uses including recreational and cultural uses,” he added.

It now heads to the Senate, where Nevada Democrat Catherine Cortez Masto will work to get it passed.

“This bill is common sense, and it’s key for communities across Nevada that count on mining for their livelihoods,” Cortez Masto said in a social media post.

Sen. Jacky Rosen of Nevada, a Democrat, also supports it. She helped introduce the Senate companion version of Amodei’s bill.

Advertisement

“Nevada is one of the few places in the United States with an abundance of critical minerals and a robust hardrock mining industry,” Rosen said. “The responsible mining of these minerals supports thousands of jobs and will help to strengthen our domestic manufacturing and clean energy supply chains.”

What does Amodei’s Mining Regulatory Clarity Act do?

The bill is a response to a 2022 decision by the 9th Circuit Court of Appeals involving the Rosemont Copper Mine in Arizona.

The decision basically meant that mining companies must prove valuable minerals exist on a piece of land before they can dump waste material on it. Called the “mineral validity” requirement, it disrupted decades of precedent.

Amodei’s bill would reverse that and allow the practice to resume of using nearby land for mining waste without proving the land contains commercial deposits — something mining companies say is essential for operating on federal land.

Advertisement

“This legislation ensures the fundamental ability to conduct responsible mining activities on federal lands,” said Rich Nolan, National Mining Association president and CEO, in a statement. “Regulatory certainty, or the lack thereof, will either underpin or undermine efforts to decisively confront our minerals crisis.”

The bill also creates an “Abandoned Hardrock Mine Fund.” Some fees related to mining claims will be used to fund a program to inventory, assess and clean up abandoned hardrock mines.

Environmental groups blast House vote on Mining Regulatory Clarity Act

Some environmental groups campaigned against the bill and described it as choosing corporate interests over people, Native Americans’ rights and the environment.

Lauren Pagel, policy director for Earthworks, said the bill “will remove already-scarce protections for natural resources and sacred cultural sites in U.S. mining law.”

The Center for Biological Diversity said the bill surrenders public lands to mining conglomerates.

Advertisement

“The so-called Mining Regulatory Clarity Act would bypass the validity requirement and grant mining companies — including foreign companies — the statutory right to permanently occupy and indiscriminately use public lands upon approval of a company’s self-written plan of operations,” said the nonprofit conservation organization in an online post.

Mark Robison is the state politics reporter for the Reno Gazette Journal, with occasional forays into other topics. Email comments to mrobison@rgj.com or comment on Mark’s Greater Reno Facebook page.



Source link

Continue Reading

Nevada

California school district near Nevada caught up in a dispute over transgender athlete policies – WTOP News

Published

on

California school district near Nevada caught up in a dispute over transgender athlete policies – WTOP News


SACRAMENTO, Calif. (AP) — A Lake Tahoe school district is caught between California and Nevada’s competing policies on transgender student…

SACRAMENTO, Calif. (AP) — A Lake Tahoe school district is caught between California and Nevada’s competing policies on transgender student athletes, a dispute that’s poised to reorder where the district’s students compete.

High schools in California’s Tahoe-Truckee Unified School District, set in a mountainous, snow-prone area near the border with Nevada, have for decades competed in the Nevada Interscholastic Activities Association, or NIAA. That has allowed sports teams to avoid making frequent and potentially hazardous trips in poor winter weather to competitions farther to the west, district officials say.

But the Nevada association voted in April to require students in sex-segregated sports programs to play on teams that align with their sex assigned at birth — a departure from a previous approach allowing individual schools to set their own standards. The move raised questions for how the Tahoe-Truckee district would remain in the Nevada association while following California law, which says students can play on teams consistent with their gender identity.

Advertisement

Now, California’s Department of Education is requiring the district to join the California Interscholastic Federation, or CIF, by the start of next school year.

District Superintendent Kerstin Kramer said at a school board meeting this week the demand puts the district in a difficult position.

“No matter which authority we’re complying with we are leaving students behind,” she said. “So we have been stuck.”

There are currently no known transgender student athletes competing in high school sports in Tahoe-Truckee Unified, district officials told the education department in a letter. But a former student filed a complaint with the state in June after the board decided to stick with Nevada athletics, Kramer said.

A national debate

The dispute comes amid a nationwide battle over the rights of transgender youth in which states have restricted transgender girls from participating on girls sports teams, barred gender-affirming surgeries for minors and required parents to be notified if a child changes their pronouns at school. At least 24 states have laws barring transgender women and girls from participating in certain sports competitions. Some of the policies have been blocked in court.

Advertisement

Meanwhile, California is fighting the Trump administration in court over transgender athlete policies. President Donald Trump issued an executive order in February aimed at banning transgender women and girls from participating in female athletics. The U.S. Justice Department also sued the California Department of Education in July, alleging its policy allowing transgender girls to compete on girls sports teams violates federal law.

And Democratic Gov. Gavin Newsom, who has signedlaws aimed at protecting trans youth, shocked party allies in March when he raised questions on his podcast about the fairness of trans women and girls competing against other female athletes. His office did not comment on the Tahoe-Truckee Unified case, but said Newsom “rejects the right wing’s cynical attempt to weaponize this debate as an excuse to vilify individual kids.”

The state education department said in a statement that all California districts must follow the law regardless of which state’s athletic association they join.

At the Tahoe-Truckee school board meeting this week, some parents and one student said they opposed allowing trans girls to participate on girls teams.

“I don’t see how it would be fair for female athletes to compete against a biological male because they’re stronger, they’re taller, they’re faster,” said Ava Cockrum, a Truckee High School student on the track and field team. “It’s just not fair.”

Advertisement

But Beth Curtis, a civil rights attorney whose children attended schools in Tahoe-Truckee Unified, said the district should fight NIAA from implementing its trans student athlete policy as violating the Nevada Constitution.

Asking for more time

The district has drafted a plan to transition to the California federation by the 2028-2029 school year after state officials ordered it to take action. It’s awaiting the education department’s response.

Curtis doesn’t think the state will allow the district to delay joining CIF, the California federation, another two years, noting the education department is vigorously defending its law against the Trump administration: “They’re not going to fight to uphold the law and say to you at the same time, ‘Okay, you can ignore it for two years.’”

Tahoe-Truckee Unified’s two high schools with athletic programs, which are located about 6,000 feet (1,800 meters) in elevation, compete against both California and Nevada teams in nearby mountain towns — and others more distant and closer to sea level. If the district moves to the California federation, Tahoe-Truckee Unified teams may have to travel more often in bad weather across a risky mountain pass — about 7,000 feet (2,100 meters) in elevation above a lake — to reach schools farther from state lines.

Coleville High School, a small California school in the Eastern Sierra near the Nevada border, has also long been a member of the Nevada association, said Heidi Torix, superintendent of the Eastern Sierra Unified School District. The school abides by California law regarding transgender athletes, Torix said.

Advertisement

The school has not been similarly ordered by California to switch where it competes. The California Department of Education did not respond to requests for comment on whether it’s warned any other districts not in the California federation about possible noncompliance with state policy.

State Assemblymember Heather Hadwick, a Republican representing a large region of northern California bordering Nevada, said Tahoe-Truckee Unified shouldn’t be forced to join the CIF.

“I urge California Department of Education and state officials to fully consider the real-world consequences of this decision—not in theory, but on the ground—where weather, geography, and safety matter,” Hadwick said.

Copyright
© 2025 The Associated Press. All rights reserved. This material may not be published, broadcast, written or redistributed.

Advertisement



Source link

Continue Reading

Nevada

Proactive power outage slated for northwestern Nevada

Published

on

Proactive power outage slated for northwestern Nevada


RENO, Nev. (KOLO) – Because of heightened fire weather conditions forecast for northwestern Nevada, a proactive outage is slated for Friday, Dec. 19, in Carson City, Clear Creek, Jack’s Valley, Genoa and Glenbrook from 6 a.m. to 4 p.m., according to a NV Energy news release.

The outage would affect about 715 customers, the release said.

During a Public Safety Outage Management event, the utility proactively de-energizes power for customers in high-risk zones to help protect the community and environment from wildfires, the release said.

If weather conditions change, the potential proactive outage will be adjusted or cancelled.

Advertisement

Customers potentially impacted have been notified via phone, text messages and email.

NV Energy will continue to monitor conditions and provide updates.

The outage timeframe includes the duration of the weather event and an estimated time for crews to inspect the lines for damage, vegetation or debris to begin safely restoring power.

The restoration time may change based on weather conditions or if repairs to equipment need to be made.

Advertisement



Source link

Continue Reading

Trending