Franco-Nevada Co. (TSE:FNV) Senior Officer Sells C$51,707.70 in Stock

Franco-Nevada Co. (TSE:FNVGet Free Report) (NYSE:FNV) Senior Officer Eaun Harrison Gray sold 330 shares of the business’s stock in a transaction on Monday, March 25th. The stock was sold at an average price of C$156.69, for a total transaction of C$51,707.70.

Franco-Nevada Stock Down 0.9 %

Franco-Nevada stock opened at C$154.53 on Wednesday. The company has a debt-to-equity ratio of 1.63, a quick ratio of 23.26 and a current ratio of 41.21. Franco-Nevada Co. has a 52-week low of C$139.19 and a 52-week high of C$217.70. The firm has a 50 day moving average price of C$148.23 and a two-hundred day moving average price of C$160.45. The firm has a market cap of C$29.70 billion, a price-to-earnings ratio of -46.69, a PEG ratio of 5.00 and a beta of 0.59.

Franco-Nevada (TSE:FNVGet Free Report) (NYSE:FNV) last released its quarterly earnings data on Tuesday, March 5th. The company reported C$1.23 earnings per share for the quarter, beating the consensus estimate of C$1.07 by C$0.16. The company had revenue of C$412.95 million during the quarter. Franco-Nevada had a negative net margin of 38.33% and a negative return on equity of 7.65%. Equities analysts predict that Franco-Nevada Co. will post 4.038591 EPS for the current year.

Franco-Nevada Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 28th. Investors of record on Thursday, March 14th will be given a $0.477 dividend. The ex-dividend date is Wednesday, March 13th. This represents a $1.91 annualized dividend and a yield of 1.23%. This is an increase from Franco-Nevada’s previous quarterly dividend of $0.47. Franco-Nevada’s dividend payout ratio (DPR) is presently -58.91%.

Analysts Set New Price Targets

Several equities analysts have commented on the stock. Scotiabank decreased their price objective on shares of 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. Raymond James lowered their price target on shares of Franco-Nevada from C$146.00 to C$138.00 and set an “outperform” rating on the stock in a research report on Thursday, March 7th. Stifel Nicolaus lowered their price target on shares of Franco-Nevada from C$186.00 to C$182.00 in a research report on Friday, January 26th. Canaccord Genuity Group lowered their price target on shares of Franco-Nevada from C$170.00 to C$165.00 in a research report on Wednesday, December 6th. Finally, National Bankshares reduced their price objective on shares of Franco-Nevada from C$172.50 to C$170.00 and set a “sector perform” rating on the stock in a research note on Thursday, March 7th. Three investment analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of C$189.46.

Get Our Latest Stock Analysis on Franco-Nevada

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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