Franco-Nevada Corporation (NYSE:FNV) Given Consensus Recommendation of “Moderate Buy” by Brokerages

Shares of Franco-Nevada Corporation (NYSE:FNV) (TSE:FNV) have earned an average rating of “Moderate Buy” from the thirteen brokerages that are covering the stock, Marketbeat Ratings reports. Six analysts have rated the stock with a hold rating and seven have given a buy rating to the company. The average twelve-month price objective among brokers that have covered the stock in the last year is $172.13.

Several research analysts recently commented on the company. Scotiabank increased their price target on Franco-Nevada from $165.00 to $169.00 and gave the company a “sector perform” rating in a research report on Monday, May 12th. Raymond James Financial set a $186.00 price objective on Franco-Nevada and gave the company an “outperform” rating in a report on Wednesday, May 28th. UBS Group boosted their target price on shares of Franco-Nevada from $205.00 to $210.00 and gave the stock a “buy” rating in a report on Thursday, July 3rd. HC Wainwright reiterated a “buy” rating and issued a $195.00 price target (up previously from $180.00) on shares of Franco-Nevada in a research note on Wednesday, May 28th. Finally, BMO Capital Markets reissued an “outperform” rating on shares of Franco-Nevada in a research report on Wednesday, May 28th.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the stock. CX Institutional acquired a new position in shares of Franco-Nevada in the first quarter valued at approximately $30,000. Cullen Frost Bankers Inc. bought a new stake in Franco-Nevada in the 1st quarter valued at $32,000. Nexus Investment Management ULC acquired a new position in Franco-Nevada in the 1st quarter valued at $35,000. Hexagon Capital Partners LLC grew its holdings in Franco-Nevada by 494.7% in the 1st quarter. Hexagon Capital Partners LLC now owns 226 shares of the basic materials company’s stock valued at $36,000 after buying an additional 188 shares in the last quarter. Finally, Golden State Wealth Management LLC increased its position in Franco-Nevada by 100.0% during the 1st quarter. Golden State Wealth Management LLC now owns 230 shares of the basic materials company’s stock worth $36,000 after buying an additional 115 shares during the period. 77.06% of the stock is owned by institutional investors.

Franco-Nevada Stock Up 0.7%

NYSE FNV opened at $159.09 on Thursday. The firm’s 50 day moving average is $166.17 and its 200-day moving average is $151.28. The company has a market capitalization of $30.65 billion, a PE ratio of 49.72, a price-to-earnings-growth ratio of 2.17 and a beta of 0.41. Franco-Nevada has a 12-month low of $112.70 and a 12-month high of $179.99.

Franco-Nevada (NYSE:FNV) (TSE:FNV) last issued its quarterly earnings results on Thursday, May 8th. The basic materials company reported $1.07 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.00 by $0.07. Franco-Nevada had a net margin of 50.39% and a return on equity of 11.40%. The firm had revenue of $368.40 million for the quarter, compared to analyst estimates of $328.79 million. During the same period in the previous year, the business earned $0.76 EPS. The company’s revenue was up 43.5% compared to the same quarter last year. As a group, sell-side analysts expect that Franco-Nevada will post 3.09 EPS for the current year.

Franco-Nevada Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, June 26th. Investors of record on Thursday, June 12th were issued a dividend of $0.38 per share. This represents a $1.52 annualized dividend and a dividend yield of 0.96%. The ex-dividend date of this dividend was Thursday, June 12th. Franco-Nevada’s 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.