Franco-Nevada Co. (NYSE:FNV) Receives Average Rating of “Hold” from Brokerages

Shares of Franco-Nevada Co. (NYSE:FNV) (TSE:FNV) have been assigned an average recommendation of “Hold” from the eleven analysts that are currently covering the firm, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and five have issued a buy rating on the company. The average 1 year price target among brokerages that have updated their coverage on the stock in the last year is $147.30.

A number of research analysts have recently issued reports on the company. TheStreet lowered Franco-Nevada from a “c+” rating to a “d+” rating in a report on Tuesday, March 5th. Raymond James lifted their price objective on Franco-Nevada from $138.00 to $141.00 and gave the stock an “outperform” rating in a report on Thursday, April 11th. Jefferies Financial Group assumed coverage on Franco-Nevada in a research note on Thursday, February 29th. They issued a “hold” rating and a $117.00 target price on the stock. Scotiabank decreased their price objective on Franco-Nevada from $141.00 to $139.00 and set a “sector perform” rating on the stock in a report on Thursday, March 7th. Finally, Bank of America reduced their target price on Franco-Nevada from $138.00 to $136.00 and set a “buy” rating on the stock in a report on Monday, March 18th.

Institutional Investors Weigh In On Franco-Nevada

Several hedge funds and other institutional investors have recently modified their holdings of the stock. VisionPoint Advisory Group LLC bought a new position in shares of Franco-Nevada in the 3rd quarter worth about $30,000. Castleview Partners LLC bought a new position in Franco-Nevada in the 3rd quarter valued at about $33,000. Creative Financial Designs Inc. ADV acquired a new position in shares of Franco-Nevada during the fourth quarter valued at approximately $34,000. State of Wyoming acquired a new stake in Franco-Nevada in the 4th quarter valued at about $38,000. Finally, Allworth Financial LP boosted its holdings in Franco-Nevada by 5,750.0% during the fourth quarter. Allworth Financial LP now owns 351 shares of the basic materials company’s stock worth $39,000 after buying an additional 345 shares in the last quarter. Institutional investors own 77.06% of the company’s stock.

Franco-Nevada Stock Performance

FNV opened at $116.44 on Tuesday. The company has a market cap of $22.38 billion, a P/E ratio of -47.92, a PEG ratio of 6.49 and a beta of 0.71. Franco-Nevada has a one year low of $102.29 and a one year high of $161.25. The business’s 50-day simple moving average is $113.15 and its 200-day simple moving average is $116.28.

Franco-Nevada (NYSE:FNV) (TSE:FNV) last released its quarterly earnings results on Tuesday, March 5th. The basic materials company reported $0.90 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.80 by $0.10. Franco-Nevada had a positive return on equity of 10.61% and a negative net margin of 38.26%. The firm had revenue of $303.30 million for the quarter. As a group, analysts predict that Franco-Nevada will post 2.75 earnings per share for the current fiscal year.

Franco-Nevada Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, March 28th. Shareholders of record on Thursday, March 14th were paid a dividend of $0.36 per share. This represents a $1.44 dividend on an annualized basis and a yield of 1.24%. The ex-dividend date was Wednesday, March 13th. This is a positive change from Franco-Nevada’s previous quarterly dividend of $0.34. Franco-Nevada’s dividend payout ratio (DPR) is -55.97%.

Franco-Nevada Company Profile

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.