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

Shares of Franco-Nevada Co. (NYSE:FNV) (TSE:FNV) have been assigned a consensus rating of “Moderate Buy” from the thirteen analysts that are presently covering the stock, MarketBeat.com reports. Six equities research analysts have rated the stock with a hold rating and seven have issued a buy rating on the company. The average 1-year price target among brokers that have updated their coverage on the stock in the last year is $162.75.

FNV has been the topic of several recent analyst reports. HC Wainwright lifted their price target on Franco-Nevada from $165.00 to $180.00 and gave the stock a “buy” rating in a research report on Wednesday, March 26th. National Bankshares reaffirmed a “sector perform” rating on shares of Franco-Nevada in a research report on Wednesday, April 23rd. Scotiabank lifted their price target on Franco-Nevada from $165.00 to $169.00 and gave the stock a “sector perform” rating in a research report on Monday, May 12th. TD Securities downgraded Franco-Nevada from a “buy” rating to a “hold” rating and set a $152.00 price target on the stock. in a research report on Tuesday, March 11th. Finally, StockNews.com raised Franco-Nevada from a “hold” rating to a “buy” rating in a research report on Monday, April 7th.

Institutional Trading of Franco-Nevada

Several institutional investors have recently bought and sold shares of the stock. Intech Investment Management LLC boosted its stake in Franco-Nevada by 118.3% in the 1st quarter. Intech Investment Management LLC now owns 9,286 shares of the basic materials company’s stock valued at $1,460,000 after buying an additional 5,032 shares in the last quarter. Bayforest Capital Ltd bought a new position in Franco-Nevada in the 1st quarter valued at $94,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its position in Franco-Nevada by 70.8% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 253,642 shares of the basic materials company’s stock valued at $39,964,000 after purchasing an additional 105,164 shares during the last quarter. Woodline Partners LP bought a new position in Franco-Nevada in the 1st quarter valued at $32,453,000. Finally, United Services Automobile Association bought a new position in Franco-Nevada in the 1st quarter valued at $984,000. Institutional investors and hedge funds own 77.06% of the company’s stock.

Franco-Nevada Stock Performance

Shares of FNV stock opened at $164.53 on Wednesday. The stock’s 50 day simple moving average is $160.98 and its 200 day simple moving average is $140.03. Franco-Nevada has a twelve month low of $112.70 and a twelve month high of $178.74. The company has a market capitalization of $31.68 billion, a price-to-earnings ratio of -52.07, a PEG ratio of 9.78 and a beta of 0.45.

Franco-Nevada (NYSE:FNV) (TSE:FNV) last issued its quarterly earnings data on Thursday, May 8th. The basic materials company reported $1.07 earnings per share for the quarter, beating analysts’ consensus estimates of $1.00 by $0.07. Franco-Nevada had a positive return on equity of 10.55% and a negative net margin of 55.28%. The business had revenue of $368.40 million for the quarter, compared to the consensus estimate of $328.79 million. During the same period last year, the business earned $0.76 EPS. The firm’s revenue was up 43.5% compared to the same quarter last year. On average, analysts forecast that Franco-Nevada will post 3.09 EPS for the current fiscal year.

Franco-Nevada Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, June 26th. Investors of record on Thursday, June 12th will be paid a $0.38 dividend. This represents a $1.52 annualized dividend and a yield of 0.92%. The ex-dividend date is Thursday, June 12th. Franco-Nevada’s dividend payout ratio is 47.50%.

About Franco-Nevada

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.