Nevada

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

Published

1 month 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

Nevada State Contractors Board launches new unit for solar investigations

Published

7 hours ago

May 17, 2024

Press Room

Nevada State Contractors Board launches new unit for solar investigations

RENO, Nev. (KOLO) – The Nevada State Contractors Board has launched a new, specialized Solar Investigations Unit.

The primary use of the board will be to target solar companies with complaints involving theft, fraud, abandonment, diversion of funds, and unlicensed contracting.

“Of the 3,000 complaints the Board receives annually, nearly one-third are homeowner complaints about solar companies,” said Nevada State Contractors Board Executive Officer Margi Grein. “Complaints include misleading sales tactics with promised benefits such as rebates, government incentives, and the complete eradication of electric bills.”

The State Contractor’s Board says it has already been holding meetings with companies they say have harmed homeowners and have been pursuing criminal investigations against certain people.

In April of this year, the board worked with law enforcement to capture and arrest Lifetime Solar company contractor Derrick Carbajal. Authorities say Carbajal stole nearly $250,000 from elderly homeowners over the last two years without performing work.

The new unit is now partnering with prosecutorial agencies from around Nevada and will meet with representatives from a variety of other state agencies and regulatory bodies.

“We are sending a message to the residential solar industry that protecting consumers is at the forefront of our mission and we will take whatever measures are necessary to continue protecting the health, safety, and welfare of the public,” said Grein.

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Nevada

Massive Swarm of Mormon Crickets Invades Northern Nevada

Published

14 hours ago

May 17, 2024

Press Room

Massive Swarm of Mormon Crickets Invades Northern Nevada

A swarm of Mormon crickets invaded a small town in northern Nevada on Tuesday, May 14, blanketing roads and fences, footage shows. Video filmed and posted to TikTok by resident Kyra Adams shows thousands of Mormon crickets hopping and crawling along a roadway and fence in Spring Creek. “They cover our homes, buildings, and when run over will bloody our roads and leave a horrible smell from sitting in the hot summer sun!” Adams told Storyful. According to the University of Nevada, Reno, drought conditions encourage Mormon cricket outbreaks. The California-Nevada region recently entered its dry season, which typically lasts from May to September. “In large numbers, their feeding can contribute to soil erosion, poor water quality, nutrient depleted soils, and potentially cause damage to range and cropland ecosystems,” the university said. Credit: Kyra Adams via Storyful

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Nevada

Trip Report: 11,161' Mt. Scowden's “Dog Leg Chute” | Sierra Nevada Mountains, CA – SnowBrains

Published

21 hours ago

May 16, 2024

Press Room

Trip Report: 11,161' Mt. Scowden's “Dog Leg Chute” | Sierra Nevada Mountains, CA – SnowBrains

Report from May 15, 2024

Yesterday we went back to Lundy Lake in the Eastern Sierra Nevada Mountains of California hoping to find more corn as we did in that zone 2 days prior.

We chose one of the north-facing couloirs off Scowden but it looked beat up with old wet slides.

We then bumped over to the “Dog Leg Chute” and started grinding.

Summit (actually just the top of the snow in the chute): 10,900 feet
Car: 8,100 feet
Vertical From Car: 2,800 feet
Vertical skied: 2,800 feet
Max Pitch: 38º
Average Pitch: 35º
Aspect: North then northeast
Distance: 2.9-miles round trip
Time From Car to Summit: 2 hours and 55 minutes
Car to Car Time: 4 hours and 28 minutes
Recommended Equipment: skins, crampons, ice axe x2

The first move is a 10 outta 10 bushwhack/creek crossing.

I’d found a pretty clean line through this zone when we were here on May 6 and it delivered.

We got through the madness in only 10 minutes.

It’s so bad in there you mostly have to walk on fallen trees to keep yourself up off the ground and the insanity below.

From there it was a bit of rock walking to get on snow.

Skins and Lee took the lead.

About halfway up the Dog Leg Chute, we switched to crampons.

The snow was already deep and sticky.

It hadn’t frozen the night before…

Dog Leg Chute on Mt. Scowden, CA. image: snowbrains

Or the night before that.

We slogged up in the deep slush and finally escaped the chute after a long grind.

A hard left took us onto the upper apron that leads to the summit.

Fox took the lead for the first half of this.

The snow continued deep and manky.

Lee took over for the last pitch and we topped out after 2 hours and 55 minutes.

We took a healthy break and dropped in before things got any mankier.

The upper section skied well.

Proper corn.

The lower part of the apron got a bit sticky.

Things improved entered the chute before the thing changed aspects to the east.

Once in the true northeast-facing part of the chute, it got so sticky.

The key was to be last and stay right in the other people’s tracks.

That’s what I did…

The final reward was a neat rock-lined chute at the very bottom that took us directly to the creek.

From there it was a bit of a bushwhack to get to the bushwhack that crosses the creek.

Back at the car after 4 hours and 28 minutes.

We zipped directly back to Mammoth hoping for “The Rolling Chef” burritos but the closed on us and we pivoted to “Latin Market” burritos that are always top notch.

Even when the snow is funky, the living is good here on the Eastside.

Thanks, California!