Nevada

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

Published

2 years ago

April 14, 2024

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

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)

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.

Analyst Recommendations for Franco-Nevada (TSE:FNV)

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Nevada

Earthquake swarm rattles central Nevada near Tonopah along newly identified fault

Published

8 hours ago

March 4, 2026

Press Room

Earthquake swarm rattles central Nevada near Tonopah along newly identified fault

A swarm of earthquakes has been rattling a remote stretch of central Nevada near Tonopah, including a magnitude 4.0 quake that hit near Warm Springs Tuesday morning.

Seismologists said the activity is typical for Nevada, where clusters of earthquakes can flare up in a concentrated area. “This is a very Nevada-style earthquake sequence. We have these a lot where we just see an uptick in activity in a certain spot,” said Christie Rowe, director of the Nevada Seismological Lab.

The latest magnitude 4.0 quake struck east of Tonopah near Warm Springs. The largest earthquake in the swarm so far has measured a 4.2.

What has stood out to researchers is the fault involved. Rowe said the earthquakes are occurring along a fault stretching along the southern edge of the Monitor and Antelope ranges — and that it was previously unknown to scientists. “We didn’t know this fault was there. It’s a new fault to us — not to the Earth, obviously — but it was previously unknown,” Rowe said.

For now, the earthquakes have remained moderate. Rowe said the lab would not deploy additional temporary sensors unless activity increases to around a magnitude 5 or greater.

Seismologists said they are continuing to watch the swarm closely as Nevada works to bring the ShakeAlert early warning system to the state. The program, already active in neighboring states, can send cellphone alerts seconds before shaking arrives. “For me, it’s a really high priority. That distance to the faults gives us enough time to warn people — and that can make a big difference in reducing injuries and damage,” Rowe said.

Seismologists encouraged anyone who feels shaking to report it through the U.S. Geological Survey’s “Did You Feel It” system, saying even small quakes can help scientists better understand Nevada’s seismic activity.

Experts said the swarm is worth monitoring but is not cause for alarm. They noted that earthquakes like the 5.8 that hit near Yerington in December 2024 typically happen in Nevada about every eight to 10 years, and said they will continue monitoring the current activity closely.

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Nevada

Kalshi Enforcement Action Belongs in Nevada Court, Judge Says

Published

20 hours ago

March 3, 2026

Press Room

Kalshi Enforcement Action Belongs in Nevada Court, Judge Says

Nevada state court is the proper venue for reviewing whether KalshiEX LLC is improperly accepting sports wagers without a license, a federal district court said.

The Nevada Gaming Control Board showed that the state statutes under which it seeks relief don’t require interpreting federal law, Judge Miranda M. Du of the US District Court for the District of Nevada said in a Monday order. The board’s action is now remanded to the First Judicial District Court in Carson City, Nev., the order said.

The board in 2025 urged Kalshi, a financial services company, to get a gaming license, but the …

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Nevada

EDITORIAL: Nevada still vulnerable as tourist downturn continues

Published

1 day ago

March 3, 2026

Press Room

EDITORIAL: Nevada still vulnerable as tourist downturn continues

Strip gaming executives can put their best spin on the numbers, but local tourism indicators remain a major concern. Casino operators seeking to draw more people through the door still have much work to do.

The Nevada Gaming Control Board released January gaming numbers Friday. The news was underwhelming. The state gaming win was down 6.6 percent from a year earlier. The Strip took the largest hit, an 11 percent drop. But the gloomy returns were spread throughout Clark County: Downtown Las Vegas was off 5.2 percent, Laughlin suffered a 3.3 percent decline and the Boulder Strip dipped by 7 percent.

For the current fiscal year, gaming tax collections are up a paltry
2.1 percent, below budget projections.

The red flags include more than gaming numbers. Recently released figures for 2025 reveal that visitation to Las Vegas fell nearly 8 percent from 2024, which represented the lowest total since the pandemic in 2021. Traffic at Reid International Airport fell more than 10 percent in December and was down 6 percent for the year. Strip occupancy rates fell 3 percent in 2025.

To be fair, this is not just a Las Vegas problem. International travel to the United States was down
4.8 percent in January, Forbes reported, the ninth straight month of decline. Travel from Europe fell 5.2 percent, and passenger counts from Asia fell 7.5 percent. Canadian tourism cratered by 22 percent.

No doubt that President Donald Trump’s blustery rhetoric has played a role in the decline, but there’s more at work. International tourism has been largely flat since Barack Obama’s last few years in office. But domestic travel has held relatively steady although it is “starting to cool,” according to the U.S. Travel Association. Las Vegas hasn’t been helped by high-profile complaints last year about exorbitant Strip prices for parking, bottled water and other staples. Casino operators responded by offering discounts, particularly for locals, and they’ll need to continue those policies into 2026.

The tourism downturn has ramifications for the state budget, which relies primarily on sales and gaming tax revenues to support spending plans. “Nevada’s employment and economic challenges reflect deep structural factors that extend beyond cyclical economic fluctuations,” noted a recent report by economic analyst John Restrepo. “The state’s extreme concentration in tourism and gaming creates unique vulnerabilities.”

The irony is that state and local politicians have been talking for the past half century about “diversifying” the state economy. In recent years, that effort has primarily consisted of handing out millions in tax breaks and other incentives to attract businesses to the state. A dispassionate observer might ask whether that approach has brought an adequate return on investment.

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