Franco-Nevada (TSE:FNV) Given New C$190.00 Price Target at Canaccord Genuity Group

Franco-Nevada (TSE:FNV) (NYSE:FNV) had its price target trimmed by Canaccord Genuity Group from C$198.00 to C$190.00 in a research note released on Monday, MarketBeat Ratings reports. The brokerage currently has a strong-buy rating on the stock.

Several other brokerages have also recently commented on FNV. Stifel Nicolaus boosted their price target on shares of Franco-Nevada from C$200.00 to C$215.00 in a research report on Monday, October 21st. National Bankshares cut their price target on Franco-Nevada from C$200.00 to C$195.00 in a report on Thursday, August 15th. TD Securities upgraded Franco-Nevada from a “hold” rating to a “buy” rating in a report on Thursday, August 15th. Finally, CIBC decreased their price target on shares of Franco-Nevada from C$265.00 to C$235.00 in a research note on Friday, November 8th. Two analysts have rated the stock with a hold rating, five have issued a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Buy” and an average price target of C$189.80.

Franco-Nevada Stock Up 1.4 %

TSE:FNV opened at C$172.15 on Monday. The company has a current ratio of 29.11, a quick ratio of 23.26 and a debt-to-equity ratio of 1.63. The stock has a 50-day moving average price of C$172.34 and a two-hundred day moving average price of C$169.47. Franco-Nevada has a 1 year low of C$139.19 and a 1 year high of C$191.17. The stock has a market cap of C$33.13 billion, a price-to-earnings ratio of -41.09, a PEG ratio of 5.00 and a beta of 0.68.

Franco-Nevada Cuts Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 19th. Investors of record on Thursday, December 5th will be given a $0.487 dividend. The ex-dividend date of this dividend is Thursday, December 5th. This represents a $1.95 annualized dividend and a yield of 1.13%. Franco-Nevada’s payout ratio is -46.30%.

Insider Transactions at Franco-Nevada

In related news, Director Nicholas Hugo Housby Dryland purchased 805 shares of Franco-Nevada stock in a transaction that occurred on Monday, September 16th. The stock was bought 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 in the company, valued at C$136,001.53. This represents a ∞ increase in their ownership of the stock. Company 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.