Franco-Nevada Corporation (NYSE:FNV) Receives Consensus Recommendation of “Moderate Buy” from Analysts

Shares of Franco-Nevada Corporation (NYSE:FNV) (TSE:FNV) have been assigned an average recommendation of “Moderate Buy” from the fourteen research firms that are covering the company, Marketbeat Ratings reports. Seven investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. The average 12 month target price among brokerages that have updated their coverage on the stock in the last year is $183.8750.

A number of equities analysts recently issued reports on the company. HC Wainwright raised their price target on Franco-Nevada from $195.00 to $200.00 and gave the stock a “buy” rating in a report on Tuesday, August 12th. TD Securities raised their price target on Franco-Nevada from $182.00 to $184.00 and gave the stock a “hold” rating in a report on Tuesday, August 12th. Zacks Research lowered Franco-Nevada from a “strong-buy” rating to a “hold” rating in a report on Wednesday, August 20th. National Bankshares reissued a “sector perform” rating on shares of Franco-Nevada in a report on Tuesday, June 24th. Finally, Wall Street Zen upgraded shares of Franco-Nevada from a “hold” rating to a “buy” rating in a research report on Saturday.

Institutional Investors Weigh In On Franco-Nevada

Hedge funds have recently added to or reduced their stakes in the company. Bessemer Group Inc. lifted its position in Franco-Nevada by 1,583.3% in the first quarter. Bessemer Group Inc. now owns 13,130 shares of the basic materials company’s stock valued at $2,067,000 after purchasing an additional 12,350 shares during the period. St. James Investment Company LLC lifted its position in Franco-Nevada by 29.3% in the first quarter. St. James Investment Company LLC now owns 219,988 shares of the basic materials company’s stock valued at $34,661,000 after purchasing an additional 49,907 shares during the period. Envestnet Asset Management Inc. lifted its position in Franco-Nevada by 36.1% in the first quarter. Envestnet Asset Management Inc. now owns 58,388 shares of the basic materials company’s stock valued at $9,200,000 after purchasing an additional 15,483 shares during the period. D.A. Davidson & CO. acquired a new stake in shares of Franco-Nevada during the 1st quarter valued at approximately $265,000. Finally, FORA Capital LLC lifted its position in shares of Franco-Nevada by 169.8% during the 1st quarter. FORA Capital LLC now owns 5,342 shares of the basic materials company’s stock valued at $842,000 after acquiring an additional 3,362 shares during the period. Institutional investors and hedge funds own 77.06% of the company’s stock.

Franco-Nevada Stock Up 0.0%

NYSE FNV opened at $214.03 on Tuesday. Franco-Nevada has a 52-week low of $112.70 and a 52-week high of $218.58. The business’s 50-day moving average price is $179.47 and its 200 day moving average price is $168.56. The firm has a market cap of $41.25 billion, a P/E ratio of 52.59, a P/E/G ratio of 2.81 and a beta of 0.41.

Franco-Nevada (NYSE:FNV) (TSE:FNV) last released its quarterly earnings results on Monday, August 11th. The basic materials company reported $1.24 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.10 by $0.14. Franco-Nevada had a return on equity of 12.56% and a net margin of 58.82%.The firm had revenue of $369.40 million for the quarter, compared to analyst estimates of $382.70 million. During the same quarter last year, the company posted $0.75 earnings per share. The business’s revenue was up 42.0% on a year-over-year basis. As a group, analysts anticipate that Franco-Nevada will post 3.09 earnings per share for the current year.

Franco-Nevada Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 25th. Investors of record on Thursday, September 11th will be given a $0.38 dividend. The ex-dividend date is Thursday, September 11th. This represents a $1.52 dividend on an annualized basis and a yield of 0.7%. Franco-Nevada’s dividend payout ratio (DPR) is presently 37.35%.

Franco-Nevada Company Profile

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.