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

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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

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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

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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.

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Analyst Recommendations for Franco-Nevada (TSE:FNV)



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10-month-old found safe, North Las Vegas police cancel AMBER Alert

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10-month-old found safe, North Las Vegas police cancel AMBER Alert


Authorities have canceled an AMBER Alert after they say a 10-month-old child taken by a non-custodial parent was found safe.

North Las Vegas Police said Thursday that Leilani Williams (aka Leilani Duke) was taken by her father, Roderick Duke.

Duke and Leilani were last seen at an apartment complex in the area of Martin L. King Boulevard and Cheyenne Avenue at 1:40 a.m.

“An AMBER Alert has been activated due to Roderick being in emotional crisis and making threats to harm himself and 10-month-old Leilani,” NLVPD said in a statement.

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By 10:05 a.m., NLVPD said that Leilani was located unharmed.

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Officers took Duke into custody without further incident, and the AMBER Alert has been canceled.



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California Gov. Gavin Newsom speaks to Nevada Democrats in Las Vegas

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California Gov. Gavin Newsom speaks to Nevada Democrats in Las Vegas


California Gov. Gavin Newsom addressed Nevada Democrats who packed a Las Vegas brewery Wednesday evening for a discussion about his upbringing, his political life and efforts his state has taken to combat the Trump administration agenda.

Newsom, who has been floated as a possible White House contender for 2028, sidestepped a quip from former Nevada Gov. Steve Sisolak who introduced him as the next U.S. president amid cheers from the crowd.

“I’m very grateful for your friendship, and a friendship that’s only strengthened over the course of the last year or so,” Newsom told Sisolak.

Book tour stop

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The event, which served as a book tour stop for the California governor, was organized by the Nevada Democratic Party. It took place at Nevada Brew Works near Summerlin.

Nevada Assemblymember Daniele Monroe-Moreno, the state party chair running for North Las Vegas mayor, moderated the discussion.

It was part of the party’s Local Brews + National Views series that’s been bringing Democrats for similar discussions at intimate venues. Past speakers have included former President Joe Biden, Arizona U.S. Sen. Mark Kelly, and Illinois Gov. JB Pritzker.

Criticizing President Donald Trump, Newsom spoke about the immediate aftermath of the 2024 general election.

“We were handwringing, a lot of finger pointing, and a sense of weakness,” Newsom said. “And just incapable of dealing with this moment, this existential moment.”

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He said he is taking account for what he described as his own complicity.

“This happened on my watch. This is all happening on our watch,” Newsom said. “And so I realized that I needed to be better.”

That included his advocacy to redraw California’s Congressional map after Trump called for the same in Texas, he said.

“They’re not screwing around, nor are we,” he said about Trump and his administration. “All of us.”

‘You’re giving us a voice’

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Newsom spoke out against the surge of federal immigration enforcement operations in California and later Minnesota, calls from the Trump administration to nationalize elections, and cuts to government funding due to the One, Big, Beautiful Bill Act.

He said that pushback against Trump’s policies, including dozens of lawsuits filed by California, were making the president retreat on some of his proposals and policies.

“You’re filling the void, you’re giving us a voice, you’re giving us courage,” he told the crowd. “For things to change, we have to change. And it’s changing.”

The Republican National Committee reacted to Newsom’s Las Vegas visit. Earlier in the day, Newsom attended a private Boulder City event.

“Democrats are selling out to the spoiled, phony rich kid governor from California for years,” RNC spokesperson Nick Poche wrote in a statement. “President Donald Trump and Republicans are delivering major tax cuts and keeping Nevadans safe, unlike Democrats.”

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The national Republican Party also criticized California’s policies, and tied them back to Nevada Democrats.

Most of Newsom’s remarks weren’t specific to Nevada. He didn’t take any questions from media.

Polling shows Newsom and Vice President JD Vance leading in hypothetical races for their parties’ nomination. That includes a survey of likely Nevada voters conducted one by Emerson College Polling in November.

Contact Ricardo Torres-Cortez at rtorres@reviewjournal.com. The Associated Press contributed to this report.

 

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Second annual Nevada Nordic Freeheel Festival celebrates Tahoe winter recreation at SnowFest

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Second annual Nevada Nordic Freeheel Festival celebrates Tahoe winter recreation at SnowFest


INCLINE VILLAGE, Nev. – It’s time to “free your heels” and embrace Tahoe’s winter recreation at the Nevada Nordic Freeheel Festival on March 7. Whether you’re a seasoned pro at cross-country skiing or snowshoeing, or you’re trying to get your feet wet, Saturday’s event is teeming with nature, brews, and camaraderie. 

The Nevada Nordic Freeheel Festival takes place Saturday, March 7
Provided/SnowFest

Travel North Tahoe Nevada (TNTNV) is teaming up with Nevada Nordic, Tahoe Multisport, Alibi Ale Works, UC Davis Tahoe Environmental Research Center, Nevada Division of Outdoor Recreation and other local partners in the wondrous Tahoe Meadows, providing attendees a chance to engage with outdoor recreation experts, check out free cross-country and snowshoe rentals, and more.

“We’re excited to see the Nevada Nordic Freeheel Festival enter its second year, building on last year’s strong community response. In collaboration with our local partners, this event is thoughtfully curated with residents in mind – offering free equipment for the day, expert instruction, locally crafted brews, and other experiences in a welcoming setting,” said Andy Chapman, President and CEO of Travel North Tahoe Nevada. “It’s designed to make it easy for residents to get outside, try something new, and bring people together. Events like this reflect the spirit of North Lake Tahoe and what’s possible when our community comes together.”



Along with opportunities to test out free demos and rentals, there will be live music, beer tasting and races.

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Tahoe Meadows is known for its gentle trails, and is a popular spot for snowshoeing due to its flat terrain. This event, located near Chickadee Ridge, will offer stunning views of the surrounding mountains. 



This family-friendly event is on the second to last day of the 10-day SnowFest winter festival that’s been taking place in the North Lake Tahoe area. It starts bright and early at 9 a.m. and will close out at 2 p.m.

“Nevada Nordic is thrilled to be a part of SnowFest again this year,” said Meghan Pry, Nevada Nordic Board Member. “We love sharing our passion for cross-country skiing and watching our community grow. We are proud to keep winter recreation accessible by offering free access to our 20km trail network. This is the perfect opportunity for our community to gather together and free our heels!”

For more information about the Nevada Nordic Freeheel Festival or to check out the SnowFest schedule, visit tahoesnowfest.org

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