Franco-Nevada Corporation (NYSE:FNV) Given Average Rating of “Moderate Buy” by Analysts

Franco-Nevada Corporation (NYSE:FNV) (TSE:FNV) has earned a consensus rating of “Moderate Buy” from the fourteen analysts that are presently covering the stock, MarketBeat Ratings reports. Six analysts have rated the stock with a hold recommendation, seven have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1-year price target among analysts that have issued ratings on the stock in the last year is $232.75.

A number of equities analysts have commented on FNV shares. Weiss Ratings restated a “buy (b-)” rating on shares of Franco-Nevada in a research note on Monday. UBS Group raised their price target on Franco-Nevada from $260.00 to $270.00 and gave the stock a “buy” rating in a report on Monday, December 1st. Scotiabank boosted their price objective on Franco-Nevada from $184.00 to $225.00 and gave the company a “sector perform” rating in a research report on Thursday, October 23rd. TD Securities dropped their target price on Franco-Nevada from $247.00 to $225.00 and set a “hold” rating on the stock in a research report on Wednesday, November 5th. Finally, Jefferies Financial Group reiterated a “hold” rating and issued a $228.00 target price on shares of Franco-Nevada in a research note on Sunday, December 7th.

Franco-Nevada Price Performance

Franco-Nevada stock opened at $207.12 on Thursday. Franco-Nevada has a 12 month low of $116.19 and a 12 month high of $225.63. The company has a fifty day moving average price of $200.85 and a two-hundred day moving average price of $189.64. The company has a market cap of $39.93 billion, a PE ratio of 43.42, a P/E/G ratio of 1.61 and a beta of 0.46.

Franco-Nevada (NYSE:FNV) (TSE:FNV) last posted its quarterly earnings results on Monday, November 3rd. The basic materials company reported $1.43 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.37 by $0.06. Franco-Nevada had a net margin of 59.48% and a return on equity of 13.94%. The company had revenue of $487.70 million for the quarter, compared to the consensus estimate of $448.51 million. During the same period last year, the firm posted $0.80 EPS. The company’s revenue for the quarter was up 76.9% on a year-over-year basis. Equities research analysts anticipate that Franco-Nevada will post 3.09 earnings per share for the current year.

Franco-Nevada Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, December 18th. Investors of record on Thursday, December 4th were given a $0.38 dividend. The ex-dividend date was Thursday, December 4th. This represents a $1.52 annualized dividend and a yield of 0.7%. Franco-Nevada’s dividend payout ratio (DPR) is currently 31.87%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of FNV. Burkett Financial Services LLC bought a new stake in shares of Franco-Nevada during the third quarter valued at approximately $28,000. MTM Investment Management LLC acquired a new stake in Franco-Nevada in the 2nd quarter valued at approximately $32,000. Smartleaf Asset Management LLC raised its stake in Franco-Nevada by 600.0% during the 2nd quarter. Smartleaf Asset Management LLC now owns 196 shares of the basic materials company’s stock valued at $32,000 after acquiring an additional 168 shares in the last quarter. Golden State Wealth Management LLC boosted its position in Franco-Nevada by 78.3% during the 2nd quarter. Golden State Wealth Management LLC now owns 205 shares of the basic materials company’s stock worth $34,000 after acquiring an additional 90 shares during the period. Finally, CENTRAL TRUST Co grew its stake in shares of Franco-Nevada by 590.9% in the second quarter. CENTRAL TRUST Co now owns 228 shares of the basic materials company’s stock worth $37,000 after purchasing an additional 195 shares in the last quarter. Institutional investors own 77.06% of the company’s stock.

Franco-Nevada Company Profile

Franco-Nevada Corporation is a Toronto-based royalty and streaming company that specializes in securing and managing long-term interests in mining properties. The firm focuses primarily on precious metals, particularly gold, while also holding interests related to silver, copper, platinum-group metals and select base metals. Rather than operating mines directly, Franco-Nevada acquires royalty and streaming agreements that entitle it to a percentage of production or revenue from producing and developing assets in exchange for upfront or staged financing.

The company’s business model centers on providing capital to mining companies in return for a sustained share of production or metal revenue, which can reduce exposure to operating and capital cost risks typical of mine operators.