Brokerages Set Franco-Nevada Co. (TSE:FNV) PT at C$190.90

Franco-Nevada Co. (TSE:FNV) (NYSE:FNV) has earned a consensus rating of “Moderate Buy” from the nine research firms that are currently covering the firm, Marketbeat reports. Three analysts have rated the stock with a hold recommendation and six have issued a buy recommendation on the company. The average 12 month price target among analysts that have issued ratings on the stock in the last year is C$190.90.

A number of brokerages recently commented on FNV. National Bankshares decreased their price target on Franco-Nevada from C$200.00 to C$195.00 in a research report on Thursday, August 15th. BMO Capital Markets raised their price target on 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. TD Securities raised shares of Franco-Nevada from a “hold” rating to a “buy” rating in a report on Thursday, August 15th. Canaccord Genuity Group raised their price target on shares of Franco-Nevada from C$177.00 to C$190.00 in a research note on Tuesday, July 23rd. Finally, CIBC raised their price target on shares of Franco-Nevada from C$250.00 to C$265.00 in a research note on Wednesday, July 10th.

Franco-Nevada Trading Up 0.6 %

Shares of Franco-Nevada stock opened at C$169.99 on Friday. The business has a fifty day simple moving average of C$167.82 and a two-hundred day simple moving average of C$166.85. Franco-Nevada has a 1 year low of C$139.19 and a 1 year high of C$194.61. The company has a market capitalization of C$32.71 billion, a price-to-earnings ratio of -41.26, a P/E/G ratio of 5.00 and a beta of 0.68. The company has a debt-to-equity ratio of 1.63, a current ratio of 29.11 and a quick ratio of 23.26.

Franco-Nevada (TSE:FNV) (NYSE:FNV) last posted its quarterly earnings data on Tuesday, August 13th. The company reported C$1.03 earnings per share for the quarter, missing the consensus estimate of C$1.07 by C($0.04). The firm had revenue of C$355.88 million for the quarter. Franco-Nevada had a negative return on equity of 9.32% and a negative net margin of 51.92%. Research analysts forecast that Franco-Nevada will post 5.1986449 EPS for the current year.

Franco-Nevada Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, September 26th. Shareholders of record on Thursday, September 12th were issued a dividend of $0.497 per share. This is a positive change from Franco-Nevada’s previous quarterly dividend of $0.49. The ex-dividend date of this dividend was Thursday, September 12th. This represents a $1.99 annualized dividend and a yield of 1.17%. Franco-Nevada’s dividend payout ratio (DPR) is presently -47.09%.

Insider Transactions at Franco-Nevada

In related news, Director Nicholas Hugo Housby Dryland acquired 805 shares of Franco-Nevada stock in a transaction dated Monday, September 16th. The stock was bought at an average price of C$168.95 per share, with a total value of C$136,001.53. Following the transaction, the director now directly owns 805 shares in the company, valued at C$136,001.53. Insiders own 0.69% of the company’s stock.

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.