Franco-Nevada Co. (NYSE:FNV) Receives $145.33 Average PT from Brokerages

Shares of Franco-Nevada Co. (NYSE:FNV) (TSE:FNV) have received an average rating of “Moderate Buy” from the ten research firms that are covering the stock, MarketBeat.com reports. Three equities research analysts have rated the stock with a hold recommendation and seven have given a buy recommendation to the company. The average twelve-month target price among brokerages that have issued ratings on the stock in the last year is $145.33.

FNV has been the subject of a number of research reports. UBS Group started coverage on Franco-Nevada in a research note on Monday, November 18th. They issued a “buy” rating and a $160.00 price target for the company. Jefferies Financial Group decreased their target price on Franco-Nevada from $137.00 to $136.00 and set a “hold” rating for the company in a research report on Thursday, October 17th. Scotiabank dropped their price target on Franco-Nevada from $142.00 to $141.00 and set a “sector perform” rating on the stock in a research report on Friday, November 8th. Canaccord Genuity Group upgraded Franco-Nevada from a “hold” rating to a “buy” rating in a research note on Monday, November 18th. Finally, Canaccord Genuity Group upgraded shares of Franco-Nevada from a “hold” rating to a “buy” rating in a research note on Monday, November 18th.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of FNV. Graham Capital Wealth Management LLC lifted its stake in shares of Franco-Nevada by 0.4% in the 2nd quarter. Graham Capital Wealth Management LLC now owns 21,183 shares of the basic materials company’s stock worth $2,511,000 after acquiring an additional 86 shares during the period. Meixler Investment Management Ltd. raised its holdings in Franco-Nevada by 0.5% during the second quarter. Meixler Investment Management Ltd. now owns 21,460 shares of the basic materials company’s stock worth $2,543,000 after purchasing an additional 101 shares in the last quarter. Natixis Advisors LLC lifted its position in Franco-Nevada by 0.5% in the second quarter. Natixis Advisors LLC now owns 19,167 shares of the basic materials company’s stock worth $2,272,000 after purchasing an additional 101 shares during the period. Huntington National Bank boosted its stake in Franco-Nevada by 7.4% during the 3rd quarter. Huntington National Bank now owns 1,486 shares of the basic materials company’s stock valued at $185,000 after purchasing an additional 102 shares in the last quarter. Finally, Primoris Wealth Advisors LLC increased its position in shares of Franco-Nevada by 4.7% during the 2nd quarter. Primoris Wealth Advisors LLC now owns 2,475 shares of the basic materials company’s stock valued at $293,000 after purchasing an additional 112 shares during the period. 77.06% of the stock is owned by institutional investors and hedge funds.

Franco-Nevada Stock Performance

Shares of NYSE FNV opened at $118.77 on Friday. Franco-Nevada has a 1 year low of $103.64 and a 1 year high of $137.60. The stock’s 50-day simple moving average is $124.37 and its 200-day simple moving average is $123.28. The firm has a market cap of $22.86 billion, a price-to-earnings ratio of -37.59 and a beta of 0.72.

Franco-Nevada (NYSE:FNV) (TSE:FNV) last posted its quarterly earnings data on Wednesday, November 6th. The basic materials company reported $0.80 EPS for the quarter, missing analysts’ consensus estimates of $0.83 by ($0.03). The company had revenue of $275.70 million for the quarter, compared to the consensus estimate of $279.11 million. Franco-Nevada had a negative net margin of 55.28% and a positive return on equity of 10.55%. The company’s revenue was down 10.9% compared to the same quarter last year. During the same quarter last year, the company earned $0.91 earnings per share. As a group, research analysts predict that Franco-Nevada will post 3.22 EPS for the current year.

Franco-Nevada Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, December 19th. Shareholders of record on Thursday, December 5th were paid a dividend of $0.36 per share. This represents a $1.44 dividend on an annualized basis and a yield of 1.21%. The ex-dividend date of this dividend was Thursday, December 5th. Franco-Nevada’s payout ratio is -45.57%.

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.