Franco-Nevada (TSE:FNV) Given New C$235.00 Price Target at CIBC

Franco-Nevada (TSE:FNV) (NYSE:FNV) had its price objective reduced by CIBC from C$265.00 to C$235.00 in a research report report published on Friday morning,BayStreet.CA reports.

Other research analysts have also issued research reports about the company. Canaccord Genuity Group boosted their price objective on Franco-Nevada from C$177.00 to C$190.00 in a report on Tuesday, July 23rd. BMO Capital Markets boosted their price objective on Franco-Nevada from C$200.00 to C$210.00 and gave the stock an “outperform” rating in a report on Tuesday, July 16th. TD Securities raised Franco-Nevada from a “hold” rating to a “buy” rating in a report on Thursday, August 15th. National Bankshares cut their price objective on Franco-Nevada from C$200.00 to C$195.00 in a report on Thursday, August 15th. Finally, Stifel Nicolaus upped their target price on Franco-Nevada from C$200.00 to C$215.00 in a research note on Monday, October 21st. Three investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of C$189.80.

Franco-Nevada Stock Down 3.7 %

FNV stock opened at C$164.07 on Friday. The company has a quick ratio of 23.26, a current ratio of 29.11 and a debt-to-equity ratio of 1.63. The firm has a market capitalization of C$31.57 billion, a PE ratio of -40.67, a PEG ratio of 5.00 and a beta of 0.68. Franco-Nevada has a twelve month low of C$139.19 and a twelve month high of C$191.17. The stock has a 50-day simple moving average of C$172.43 and a two-hundred day simple moving average of C$169.49.

Franco-Nevada (TSE:FNV) (NYSE:FNV) last issued 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). Franco-Nevada had a negative return on equity of 9.32% and a negative net margin of 51.92%. The business had revenue of C$355.88 million for the quarter. On average, equities analysts predict that Franco-Nevada will post 3.1114111 EPS for the current fiscal year.

Franco-Nevada Cuts Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 19th. Shareholders of record on Thursday, December 5th will be given a $0.487 dividend. The ex-dividend date is Thursday, December 5th. This represents a $1.95 annualized dividend and a yield of 1.19%. Franco-Nevada’s payout ratio is currently -46.30%.

Insider Buying and Selling at Franco-Nevada

In related news, Director Nicholas Hugo Housby Dryland acquired 805 shares of the stock in a transaction on Monday, September 16th. The stock was purchased at an average price of C$168.95 per share, for a total transaction of C$136,001.53. Following the completion of the transaction, the director now owns 805 shares of the company’s stock, valued at C$136,001.53. Corporate insiders own 0.69% of the company’s stock.

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.