Franco-Nevada Co. (TSE:FNV) (NYSE:FNV) has been assigned a consensus rating of “Hold” from the thirteen analysts that are currently covering the stock, MarketBeat.com reports. Five equities research analysts have rated the stock with a hold recommendation and three have given a buy recommendation to the company. The average twelve-month price objective among brokers that have issued a report on the stock in the last year is C$109.00.
A number of brokerages have issued reports on FNV. Royal Bank Of Canada upped their target price on Franco-Nevada from C$100.00 to C$116.00 and gave the stock an “outperform” rating in a research report on Tuesday, November 14th. Scotiabank upped their target price on Franco-Nevada to C$100.00 and gave the stock a “sector perform” rating in a research report on Friday, September 8th. Canaccord Genuity upped their target price on Franco-Nevada from C$119.00 to C$121.00 in a research report on Tuesday, November 7th. Bank of America Corporation upped their target price on Franco-Nevada from C$107.00 to C$110.00 in a research report on Friday, September 8th. Finally, National Bank Financial upped their target price on Franco-Nevada from C$100.00 to C$107.50 and gave the stock a “sector perform” rating in a research report on Tuesday, November 7th.
In other news, insider Kerry Elwyn Sparkes sold 643 shares of the company’s stock in a transaction that occurred on Tuesday, August 29th. The stock was sold at an average price of C$103.36, for a total transaction of C$66,460.48.
Shares of Franco-Nevada (TSE:FNV) traded down C$0.01 during trading on Friday, reaching C$107.55. The company’s stock had a trading volume of 155,531 shares, compared to its average volume of 317,238. Franco-Nevada has a 52-week low of C$71.44 and a 52-week high of C$109.25.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 21st. Stockholders of record on Thursday, December 7th will be issued a dividend of $0.296 per share. The ex-dividend date of this dividend is Wednesday, December 6th. This is a positive change from Franco-Nevada’s previous quarterly dividend of $0.23. This represents a $1.18 dividend on an annualized basis and a dividend yield of 1.10%. Franco-Nevada’s payout ratio is 88.24%.
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Franco-Nevada Company Profile
Franco-Nevada Corporation (Franco-Nevada) is a gold-focused royalty and stream company. The Company has interests in silver, platinum group metals, oil and gas and other resource assets. The Company is engaged in resource sector royalty/stream acquisitions and management activities. It has a portfolio of properties in the United States, Canada, Mexico, Peru, Chile and Africa.
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