Franco-Nevada (TSE:FNV) Price Target Raised to C$177.00

Franco-Nevada (TSE:FNV) (NYSE:FNV) had its price objective upped by Canaccord Genuity Group from C$168.00 to C$177.00 in a report published on Tuesday morning, BayStreet.CA reports.

A number of other equities research analysts also recently issued reports on the stock. Raymond James reduced 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 note on Thursday, March 7th. Veritas Investment Research increased their target price on shares of Franco-Nevada from C$149.00 to C$173.00 in a report on Friday, April 12th. Stifel Nicolaus increased their target price on shares of Franco-Nevada from C$182.00 to C$196.00 and gave the stock a buy rating in a report on Friday, April 19th. Eight Capital lifted their target price on Franco-Nevada from C$190.00 to C$200.00 and gave the company a buy rating in a report on Monday. Finally, National Bankshares decreased their target price on Franco-Nevada from C$172.50 to C$170.00 and set a sector perform rating for the company in a report on Thursday, March 7th. Three equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of Moderate Buy and an average price target of C$187.50.

Franco-Nevada Price Performance

Franco-Nevada stock opened at C$163.08 on Tuesday. The company’s 50 day simple moving average is C$155.54 and its 200-day simple moving average is C$157.03. The company has a market capitalization of C$31.34 billion, a price-to-earnings ratio of -48.97, a price-to-earnings-growth ratio of 5.00 and a beta of 0.63. Franco-Nevada has a 1 year low of C$139.19 and a 1 year high of C$217.70. 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 (TSE:FNV) (NYSE:FNV) last released its quarterly earnings results on Tuesday, March 5th. The company reported C$1.23 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of C$1.07 by C$0.16. The business had revenue of C$412.95 million for the quarter. Franco-Nevada had a negative net margin of 38.33% and a negative return on equity of 7.65%. As a group, equities research analysts expect that Franco-Nevada will post 4.2780116 earnings per share for the current year.

Franco-Nevada Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 28th. Shareholders of record on Thursday, March 14th were paid a $0.477 dividend. The ex-dividend date of this dividend was Wednesday, March 13th. This is a boost from Franco-Nevada’s previous quarterly dividend of $0.47. This represents a $1.91 dividend on an annualized basis and a yield of 1.17%. Franco-Nevada’s dividend payout ratio (DPR) is currently -58.86%.

Insider Buying and Selling at Franco-Nevada

In other Franco-Nevada news, Senior Officer Sandip Rana sold 10,749 shares of the firm’s stock in a transaction on Thursday, March 21st. The stock was sold at an average price of C$160.29, for a total value of C$1,722,952.91. In other Franco-Nevada news, Senior Officer Eaun Harrison Gray sold 330 shares of the firm’s stock in a transaction on Monday, March 25th. The stock was sold at an average price of C$156.69, for a total value of C$51,707.70. Also, Senior Officer Sandip Rana sold 10,749 shares of the firm’s stock in a transaction on Thursday, March 21st. The shares were sold at an average price of C$160.29, for a total value of C$1,722,952.91. Insiders have sold a total of 16,839 shares of company stock worth $2,686,396 over the last ninety days. Corporate insiders own 0.69% of the company’s stock.

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.