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

Shares of Franco-Nevada Co. (TSE:FNVGet Free Report) (NYSE:FNV) have received a consensus recommendation of “Moderate Buy” from the eight brokerages that are covering the company, Marketbeat Ratings reports. Three analysts have rated the stock with a hold recommendation and five have issued a buy recommendation on the company. The average 1-year target price among analysts that have updated their coverage on the stock in the last year is C$188.82.

A number of analysts have recently issued reports on the stock. Raymond James lifted their price objective on shares of Franco-Nevada from C$150.00 to C$151.00 and gave the stock an “outperform” rating in a report on Friday, May 3rd. Veritas Investment Research increased their price objective on Franco-Nevada from C$149.00 to C$173.00 in a research report on Friday, April 12th. Eight Capital upped their target price on Franco-Nevada from C$190.00 to C$200.00 and gave the stock a “buy” rating in a research note on Monday, April 22nd. BMO Capital Markets reduced their price target on shares of Franco-Nevada from C$205.00 to C$201.00 and set an “outperform” rating on the stock in a research report on Tuesday, May 21st. Finally, Canaccord Genuity Group upped their price objective on shares of Franco-Nevada from C$168.00 to C$177.00 in a research note on Tuesday, April 23rd.

Check Out Our Latest Report on Franco-Nevada

Franco-Nevada Price Performance

Franco-Nevada stock opened at C$163.03 on Wednesday. The business has a 50-day simple moving average of C$166.73 and a 200 day simple moving average of C$156.63. Franco-Nevada has a 52 week low of C$139.19 and a 52 week high of C$198.00. The stock has a market cap of C$31.35 billion, a price-to-earnings ratio of -47.12, a PEG ratio of 5.00 and a beta of 0.62. The company has a quick ratio of 23.26, a current ratio of 29.40 and a debt-to-equity ratio of 1.63.

Franco-Nevada (TSE:FNVGet Free Report) (NYSE:FNV) last posted its quarterly earnings data on Wednesday, May 1st. The company reported C$1.02 earnings per share for the quarter, topping the consensus estimate 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 company had revenue of C$346.20 million for the quarter. On average, research analysts forecast that Franco-Nevada will post 4.5495327 earnings per share for the current fiscal year.

Franco-Nevada Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, June 27th. Stockholders of record on Thursday, June 13th were given a $0.487 dividend. The ex-dividend date of this dividend was Wednesday, June 12th. This is an increase from Franco-Nevada’s previous quarterly dividend of $0.48. This represents a $1.95 dividend on an annualized basis and a dividend yield of 1.19%. Franco-Nevada’s dividend payout ratio is currently -57.23%.

Insider Activity at Franco-Nevada

In other Franco-Nevada news, Director Jacques Perron acquired 290 shares of the business’s stock in a transaction on Tuesday, May 7th. The shares were acquired at an average price of C$173.05 per share, for a total transaction of C$50,184.50. Following the completion of the acquisition, the director now owns 983 shares in the company, valued at C$170,108.15. In related news, Senior Officer Adrian Wong sold 530 shares of the company’s stock in a transaction dated Monday, June 24th. The shares were sold at an average price of C$162.20, for a total value of C$85,966.00. Also, Director Jacques Perron acquired 290 shares of Franco-Nevada stock in a transaction on Tuesday, May 7th. The shares were purchased at an average price of C$173.05 per share, with a total value of C$50,184.50. Following the completion of the purchase, the director now owns 983 shares in the company, valued at approximately C$170,108.15. Insiders sold a total of 33,606 shares of company stock valued at $5,747,182 in the last three months. Company insiders own 0.69% of the company’s stock.

Franco-Nevada Company Profile

(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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