Franco-Nevada (TSE:FNV) Price Target Raised to C$265.00 at CIBC

Franco-Nevada (TSE:FNVFree Report) (NYSE:FNV) had its price objective boosted by CIBC from C$250.00 to C$265.00 in a research report report published on Wednesday morning, BayStreet.CA reports.

FNV has been the topic of several other research reports. BMO Capital Markets cut their price target on Franco-Nevada from C$205.00 to C$201.00 and set an outperform rating on the stock in a research note on Tuesday, May 21st. National Bankshares lifted their target price on Franco-Nevada from C$190.00 to C$195.00 and gave the company a sector perform rating in a research note on Friday, May 3rd. Stifel Nicolaus lifted their target price on Franco-Nevada from C$182.00 to C$196.00 and gave the company a buy rating in a research note on Friday, April 19th. Veritas Investment Research lifted their target price on Franco-Nevada from C$149.00 to C$173.00 in a research note on Friday, April 12th. Finally, Raymond James lifted their target price on Franco-Nevada from C$150.00 to C$151.00 and gave the company an outperform rating in a research note on Friday, May 3rd. Three research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of Moderate Buy and a consensus target price of C$190.18.

View Our Latest Stock Report on Franco-Nevada

Franco-Nevada Stock Performance

Shares of Franco-Nevada stock opened at C$171.13 on Wednesday. The firm has a market cap of C$32.91 billion, a P/E ratio of -49.46, a P/E/G ratio of 5.00 and a beta of 0.62. The company has a current ratio of 29.40, a quick ratio of 23.26 and a debt-to-equity ratio of 1.63. Franco-Nevada has a 12 month low of C$139.19 and a 12 month high of C$198.00. The stock’s fifty day moving average price is C$166.93 and its 200-day moving average price is C$157.54.

Franco-Nevada (TSE:FNVGet Free Report) (NYSE:FNV) last announced its quarterly earnings results on Wednesday, May 1st. The company reported C$1.02 EPS for the quarter, beating the consensus estimate of C$0.94 by C$0.08. The firm had revenue of C$346.20 million for the quarter. Franco-Nevada had a negative return on equity of 7.75% and a negative net margin of 39.96%. On average, equities research analysts expect that Franco-Nevada will post 4.5495327 earnings per share for the current fiscal year.

Franco-Nevada Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, June 27th. Shareholders of record on Thursday, June 13th were issued a $0.487 dividend. This represents a $1.95 annualized dividend and a yield of 1.14%. The ex-dividend date was Wednesday, June 12th. This is an increase from Franco-Nevada’s previous quarterly dividend of $0.48. Franco-Nevada’s dividend payout ratio (DPR) is currently -57.23%.

Insiders Place Their Bets

In other Franco-Nevada news, Senior Officer Adrian Wong sold 530 shares of the firm’s stock in a transaction dated Monday, June 24th. The stock was sold at an average price of C$162.20, for a total value of C$85,966.00. In related news, Director Catharine Elizabeth Goddard Farrow sold 20,000 shares of Franco-Nevada stock in a transaction dated Wednesday, May 22nd. The stock was sold at an average price of C$171.78, for a total transaction of C$3,435,562.00. Following the completion of the sale, the director now owns 301 shares of the company’s stock, valued at C$51,705.21. Also, Senior Officer Adrian Wong sold 530 shares of Franco-Nevada stock in a transaction dated Monday, June 24th. The stock was sold at an average price of C$162.20, for a total value of C$85,966.00. Over the last 90 days, insiders sold 33,606 shares of company stock valued at $5,747,182. 0.69% of the stock is currently owned by corporate insiders.

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.

See Also

Analyst Recommendations for Franco-Nevada (TSE:FNV)

Receive News & Ratings for Franco-Nevada Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Franco-Nevada and related companies with MarketBeat.com's FREE daily email newsletter.