Franco-Nevada Co. (TSE:FNV) Receives Consensus Rating of “Moderate Buy” from Analysts

Shares of Franco-Nevada Co. (TSE:FNVGet Free Report) (NYSE:FNV) have been given a consensus rating of “Moderate Buy” by the eight analysts that are currently covering the company, MarketBeat Ratings reports. Three analysts have rated the stock with a hold recommendation and five have assigned a buy recommendation to the company. The average 12 month price target among brokers that have updated their coverage on the stock in the last year is C$191.17.

A number of equities analysts have recently issued reports on FNV shares. Veritas Investment Research raised their price objective on Franco-Nevada from C$149.00 to C$173.00 in a research report on Friday, April 12th. Bank of America boosted their target price on shares of Franco-Nevada from C$186.00 to C$190.00 in a report on Tuesday, April 9th. Eight Capital increased their price target on shares of Franco-Nevada from C$190.00 to C$200.00 and gave the stock a “buy” rating in a report on Monday, April 22nd. National Bankshares lifted their target price on shares of Franco-Nevada from C$190.00 to C$195.00 and gave the company a “sector perform” rating in a research report on Friday, May 3rd. Finally, BMO Capital Markets dropped their target price on Franco-Nevada from C$205.00 to C$201.00 and set an “outperform” rating for the company in a report on Tuesday, May 21st.

Check Out Our Latest Stock Analysis on FNV

Franco-Nevada Stock Performance

Shares of FNV stock opened at C$161.83 on Friday. The company has a debt-to-equity ratio of 1.63, a current ratio of 29.40 and a quick ratio of 23.26. Franco-Nevada has a one year low of C$139.19 and a one year high of C$198.07. The company has a fifty day moving average price of C$167.55 and a two-hundred day moving average price of C$155.53. The stock has a market cap of C$31.12 billion, a P/E ratio of -46.77, a P/E/G ratio of 5.00 and a beta of 0.62.

Franco-Nevada (TSE:FNVGet Free Report) (NYSE:FNV) last released its quarterly earnings results on Wednesday, May 1st. The company reported C$1.02 EPS for the quarter, topping analysts’ consensus estimates of C$0.94 by C$0.08. Franco-Nevada had a negative net margin of 39.96% and a negative return on equity of 7.75%. The business had revenue of C$346.20 million for the quarter. As a group, equities analysts predict that Franco-Nevada will post 4.5495327 EPS for the current year.

Franco-Nevada Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, June 27th. Investors of record on Thursday, June 13th will be issued a dividend of $0.487 per share. This is an increase from Franco-Nevada’s previous quarterly dividend of $0.48. The ex-dividend date is Wednesday, June 12th. This represents a $1.95 dividend on an annualized basis and a dividend yield of 1.20%. Franco-Nevada’s payout ratio is -57.23%.

Insiders Place Their Bets

In related news, Director Catharine Elizabeth Goddard Farrow sold 20,000 shares of the firm’s stock in a transaction dated Wednesday, May 22nd. The shares were sold at an average price of C$171.78, for a total value of C$3,435,562.00. Following the transaction, the director now directly owns 301 shares of the company’s stock, valued at approximately C$51,705.21. In other news, Director Catharine Elizabeth Goddard Farrow sold 20,000 shares of the stock in a transaction dated Wednesday, May 22nd. The shares were sold at an average price of C$171.78, for a total value of C$3,435,562.00. Following the completion of the sale, the director now directly owns 301 shares in the company, valued at C$51,705.21. Also, Director Paul Brink sold 3,445 shares of the firm’s stock in a transaction dated Thursday, March 21st. The stock was sold at an average price of C$158.93, for a total transaction of C$547,513.85. In the last three months, insiders have sold 49,915 shares of company stock valued at $8,347,612. Company insiders own 0.69% of the company’s stock.

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.

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Analyst Recommendations for Franco-Nevada (TSE:FNV)

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