Analysts Set Franco-Nevada Co. (TSE:FNV) Price Target at C$190.80

Shares of Franco-Nevada Co. (TSE:FNV) (NYSE:FNV) have earned a consensus rating of “Buy” from the nine ratings firms that are presently covering the firm, Marketbeat Ratings reports. Two analysts have rated the stock with a hold recommendation, five have given a buy recommendation and two have given a strong buy recommendation to the company. The average 12-month target price among brokerages that have issued a report on the stock in the last year is C$190.80.

Several analysts have issued reports on the stock. Canaccord Genuity Group cut their target price on shares of Franco-Nevada from C$198.00 to C$190.00 and set a “strong-buy” rating on the stock in a research note on Monday, November 18th. Stifel Nicolaus raised their price objective on Franco-Nevada from C$200.00 to C$215.00 in a research report on Monday, October 21st. CIBC upped their target price on Franco-Nevada from C$235.00 to C$245.00 in a report on Monday, December 2nd. Finally, UBS Group raised shares of Franco-Nevada to a “strong-buy” rating in a research report on Monday, November 18th.

Franco-Nevada Stock Performance

Shares of FNV opened at C$171.05 on Wednesday. Franco-Nevada has a one year low of C$140.59 and a one year high of C$191.17. The company has a 50-day moving average of C$174.05 and a two-hundred day moving average of C$169.70. The company has a debt-to-equity ratio of 1.63, a current ratio of 29.11 and a quick ratio of 23.26. The stock has a market cap of C$32.92 billion, a price-to-earnings ratio of -40.82, a PEG ratio of 5.00 and a beta of 0.68.

Franco-Nevada Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, December 19th. Investors of record on Thursday, December 5th were issued a $0.487 dividend. The ex-dividend date was Thursday, December 5th. This represents a $1.95 dividend on an annualized basis and a yield of 1.14%. Franco-Nevada’s dividend payout ratio is currently -46.30%.

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.