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

Shares of Franco-Nevada Co. (TSE:FNV) (NYSE:FNV) have received a consensus recommendation of “Moderate Buy” from the nine brokerages that are currently covering the company, MarketBeat Ratings reports. Three equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company. The average 12-month price objective among brokers that have issued a report on the stock in the last year is C$192.18.

Several research analysts have recently weighed in on FNV shares. Canaccord Genuity Group upped their price objective on Franco-Nevada from C$177.00 to C$190.00 in a research report on Tuesday, July 23rd. CIBC upped their price target on Franco-Nevada from C$250.00 to C$265.00 in a research report on Wednesday, July 10th. TD Securities upgraded shares of Franco-Nevada from a “hold” rating to a “buy” rating in a report on Thursday, August 15th. BMO Capital Markets boosted their price objective on shares of Franco-Nevada from C$200.00 to C$210.00 and gave the stock an “outperform” rating in a research report on Tuesday, July 16th. Finally, National Bankshares decreased their target price on shares of Franco-Nevada from C$200.00 to C$195.00 in a research report on Thursday, August 15th.

Insider Transactions at Franco-Nevada

In other news, Senior Officer Adrian Wong sold 530 shares of the stock in a transaction dated Monday, June 24th. The shares were sold at an average price of C$162.20, for a total value of C$85,966.00. 0.69% of the stock is currently owned by corporate insiders.

Franco-Nevada Stock Performance

Shares of FNV stock opened at C$170.05 on Monday. The company has a market capitalization of C$32.72 billion, a P/E ratio of -41.37, a price-to-earnings-growth ratio of 5.00 and a beta of 0.68. Franco-Nevada has a 52 week low of C$139.19 and a 52 week high of C$196.92. The company has a debt-to-equity ratio of 1.63, a quick ratio of 23.26 and a current ratio of 29.11. The company’s 50 day moving average price is C$168.88 and its two-hundred day moving average price is C$164.76.

Franco-Nevada (TSE:FNV) (NYSE:FNV) last posted its quarterly earnings data on Tuesday, August 13th. The company reported C$1.03 EPS for the quarter, missing the consensus estimate of C$1.07 by C($0.04). The company had revenue of C$355.88 million during the quarter. Franco-Nevada had a negative net margin of 51.92% and a negative return on equity of 9.32%. On average, analysts expect that Franco-Nevada will post 5.2932599 earnings per share for the current fiscal year.

Franco-Nevada Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, September 26th. Stockholders of record on Thursday, September 12th will be given a $0.497 dividend. This represents a $1.99 dividend on an annualized basis and a dividend yield of 1.17%. This is a boost from Franco-Nevada’s previous quarterly dividend of $0.49. The ex-dividend date is Thursday, September 12th. Franco-Nevada’s dividend payout ratio (DPR) is presently -48.18%.

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.