Shares of Franco-Nevada Co. (NYSE:FNV – Get Free Report) (TSE:FNV) have earned an average recommendation of “Moderate Buy” from the ten analysts that are currently covering the stock, Marketbeat reports. Five analysts have rated the stock with a hold rating and five have given a buy rating to the company. The average 12 month price objective among brokers that have covered the stock in the last year is $149.30.
Several equities analysts recently issued reports on the stock. Bank of America lifted their price objective on shares of Franco-Nevada from $141.00 to $142.00 and gave the company a “buy” rating in a report on Wednesday. Jefferies Financial Group raised their target price on shares of Franco-Nevada from $117.00 to $129.00 and gave the company a “hold” rating in a research note on Monday, April 22nd. Raymond James raised their target price on shares of Franco-Nevada from $138.00 to $141.00 and gave the company an “outperform” rating in a research note on Thursday, April 11th. HC Wainwright raised their target price on shares of Franco-Nevada from $175.00 to $185.00 and gave the company a “buy” rating in a research note on Monday, May 6th. Finally, TheStreet downgraded shares of Franco-Nevada from a “c+” rating to a “d+” rating in a research note on Tuesday, March 5th.
Institutional Inflows and Outflows
Franco-Nevada Stock Performance
Shares of NYSE:FNV opened at $118.52 on Friday. The firm has a market cap of $22.80 billion, a PE ratio of -47.60, a price-to-earnings-growth ratio of 22.60 and a beta of 0.77. The firm’s 50 day simple moving average is $121.83 and its 200-day simple moving average is $115.38. Franco-Nevada has a one year low of $102.29 and a one year high of $149.06.
Franco-Nevada (NYSE:FNV – Get Free Report) (TSE:FNV) last issued its earnings results on Wednesday, May 1st. The basic materials company reported $0.76 EPS for the quarter, topping analysts’ consensus estimates of $0.68 by $0.08. The business had revenue of $256.80 million for the quarter, compared to analyst estimates of $250.50 million. Franco-Nevada had a negative net margin of 39.88% and a positive return on equity of 10.81%. The company’s quarterly revenue was down 7.1% compared to the same quarter last year. During the same period last year, the company posted $0.79 earnings per share. Equities research analysts predict that Franco-Nevada will post 3.2 EPS for the current fiscal year.
Franco-Nevada Announces Dividend
The business also recently disclosed a quarterly dividend, which was paid on Thursday, June 27th. Stockholders of record on Thursday, June 13th were paid a dividend of $0.36 per share. The ex-dividend date of this dividend was Thursday, June 13th. This represents a $1.44 annualized dividend and a dividend yield of 1.21%. Franco-Nevada’s payout ratio is currently -57.83%.
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.
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