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

Court OK’s counting late-arriving mail ballots in Nevada, 29 other states

Published

2 hours ago

June 29, 2026

Press Room

Court OK’s counting late-arriving mail ballots in Nevada, 29 other states

LAS VEGAS (KTNV) — Nevada’s laws allowing the counting of mail-in ballots that arrive up to four days after Election Day — so long as they are postmarked by that date — is constitutional under a Monday ruling from the U.S. Supreme Court.

In a 5-4 ruling, justices upheld a challenge to a Mississippi law that’s similar to Nevada’s statute. Justice Amy Coney Barrett and Chief Justice John Roberts joined with the court’s three liberal members, Sonia Sotomayor, Elena Kagan and Katanji Brown Jackson, to uphold the law.

Conservatives Samuel Alito, Clarence Thomas, Brett Kavanaugh and Neil Gorsuch dissented.

The ruling affects 30 states, all of which allow some ballots received after Election Day to be counted. That includes Nevada, which allows ballots postmarked by Election Day to be received and counted up to four days later, and ballots without a postmark to be received and counted up to three days later.

Plaintiffs in the case — including the Republican National Committee and the Mississippi Republican Party — had contended that federal laws referring to “elections” mean both the casting and counting of ballots, which they said must occur on Election Day.

“The federal election-day statutes do not preempt Mississippi’s law because the defining element of an ‘election’ has always been the electorate’s choice of candidate,” the case summary reads. “And a related federal statute — the Uniformed and Overseas Citizens Absentee Voting Act — confirms that while federal law dictates when ballots must be cast, state law governs when they must be received.”

In Nevada, critics have contended that late-arriving ballots erode confidence in elections, because they delay learning final election results for days and, in some close races, can change the outcome.

Gov. Joe Lombardo has called the weeklong wait for final, unofficial results “a national embarrassment.”

Plaintiffs in the case made similar arguments, but were turned away by the court: “Finally, plaintiffs policy arguments about election integrity and voter confidence are properly addressed to legislatures, not courts,” the case summary reads.

Several attempts to require ballots to be received by Election Day have been introduced in Nevada’s Legislature, but none have been successful in the Democratically controlled body.

Secretary of State Cisco Aguilar has argued that the overwhelming majority of ballots are in and counted by Election Day, and only the closest races may be changed by late-arriving ballots. He’s advocated for more resources for county clerks and voter registrars to be able to count mail ballots more quickly.

Under the ruling, nothing will change for Nevada voters going to the polls in four months to vote in the November election. But officials still encourage voters to send in their mail ballots early, or to put them in drop boxes at voting centers during early voting or on Election Day.

Supreme Court upholds late-arriving mail ballots in Mississippi

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Nevada

One dead, four hospitalized after head-on crash on I-15 in Clark County

Published

12 hours ago

June 29, 2026

Press Room

One dead, four hospitalized after head-on crash on I-15 in Clark County

LAS VEGAS (FOX5) — Nevada Highway Patrol responded to a two-vehicle crash on Interstate 15 near mile marker 94 Sunday evening.

The crash was reported at 6:43 p.m. on June 28.

MORE ON FOX5: Driver sustains life-threatening injuries in Las Vegas multi-vehicle crash

A passenger sedan and a pickup truck were involved in the crash. One vehicle was traveling southbound, lost control, crossed through the median, and struck the other vehicle head-on in the northbound travel lane.

One adult male died at the scene. Two people were transported by ground ambulance, and two others were transported by life flight to a local hospital.